News

VCM down 61% in 2023 as controversy remains

The volume and value of transactions in the voluntary carbon market was down by 61% in 2023 compared with the year before, reports Ecosystem Marketplace, as questions over its integrity were raised.

People Moves, 31 May: Abrdn, South Pole, IOSCO, Climate Impact X ... and more

UNEP FI launches technical physical risk guidance for banks

The UN Environment Programme Finance Initiative (UNEP FI) has launched technical guidance for banks on managing physical climate risks within their loan portfolios.

Edmond de Rothschild unveils plans for €26bn net-zero commitment

Edmond de Rothschild Asset Management has explained how it plans to align €26 billion of its assets under management with the goal of attaining net-zero emissions by 2050.

NA100 creates science council

Nature Action 100 (NA100) has launched a science council to support its technical advisory group and provide oversight on its science-based research.

Loan round-up: Verkor, Phoenix Tower International, H2O Innovation and more...

Canada urged to look to US for nature-based credits

Canada has been encouraged to take inspiration from the US and introduce a variety of nature-based credit markets to help scale up private-sector investment into nature.

Brookfield offers $6.1bn to delist French energy developer

Brookfield has reached an agreement to take a majority stake in French renewable energy developer Neoen and take the company private, in a deal that values the company at €6.1 billion ($6.6 billion).

Asset owners slow to set recommended decarbonisation targets, PAAO report reveals

Several signatories to the Paris Aligned Asset Owners (PAAO) initiative have been flagged for being slow to set some of the recommended decarbonisation targets, as it published its first progress update.

IDB: Brazil 'green' foreign exchange hub is scalable and impactful

A senior adviser to the Inter-American Development Bank (IDB) is working on making its 'green' foreign exchange (FX) hub launched with Brazil earlier this year scalable for other countries as a means to reduce hedging costs for investors and boosting sustainable investment to emerging markets.