News

• Green Climate Fund under pressure to shun HSBC and Credit Agricole

  30 October 2015

  Environmental NGOs have urged the UN's Green Climate Fund not to work with HSBC and Credit Agricole in order to "maintain its integrity".

• EF BRIEFS: BlackRock, Citi, Ethos, TerraForm Global

  30 October 2015

  BlackRock, the world's biggest asset manager, is considering launching a fossil fuel-free fund. A representative of the company revealed that the fund could be launched next year while speaking at a conference on financial implications for the Paris climate change summit in London.

• £1.5bn offshore wind project in first-of-its-kind financing

  30 October 2015

  A £1.5 billion ($2.3 billion) offshore wind project has become the first in the UK to attract lenders ahead of construction, after it received backing from 13 banks and four equity partners.

• Deutsche Bank commits to building out ESG and impact investing

  30 October 2015

  Deutsche Bank has committed to expanding its sustainable investment offering as part of its drastic overhaul.

• INDCs can limit global warming to 2.7°C, says UN's Figueres

  30 October 2015

  Investors have welcomed research suggesting that the national pledges made ahead of the Paris climate summit have the potential to limit global warming to 2.7°C.

• Climate change of +4°C would be "uninsurable", says Axa chairman

  30 October 2015

  If climate change raises average global temperatures to 4°C above pre-industrial levels, most assets would be uninsurable, Henri de Castries, chairman and CEO of Axa Group told an insurance seminar in Paris.

• Clear outcome at COP21 would enable BNP Paribas' 'dream' of internal carbon pricing

  30 October 2015

  A clear outcome at the climate negotiations in Paris would facilitate BNP Paribas Investment Partners' (BNPP IP) integration of carbon pricing into its funds, according to a specialist at the asset manager.

• Trina Solar signs $1.57 billion financing deal with CITIC

  29 October 2015

  Trina Solar has closed a RMB10 billion ($1.57 billion) financing deal with China International Trust and Investment Corporation (CITIC), China's largest conglomerate.

• Canadian Solar bags up to $200m debt from Credit Suisse

  29 October 2015

  Canadian Solar has secured up to $200 million of debt from Credit Suisse, in a deal which has also seen it issue more than 1 million equity warrants.

• Private equity firm buys Infigen wind portfolio for $274m

  29 October 2015

  Private equity firm ArcLight Capital Partners has acquired Infigen Energy's entire US wind portfolio in a deal worth $274 million.