News

Climate solutions should not be a 'winner-takes-all', says TNC

Collaboration is growing between financial institutions on climate solutions, according to The Nature Conservancy (TNC), as peers look to learn from their peers "what works".

Essential to resist fossil fuel lobby to water down ETS, says ECB's Elderson

It is "essential" that the EU preserves the credibility of its Emissions Trading System (ETS) and resists a fossil fuel "lobby to water [it] down", a board member of the European Central Bank said.

'Paris-aligned benchmarks' out of favour in fragmented transition, Lazard says

Asset owners are increasingly critical of passive climate investment strategies amid concerns that they do not capture the growing complexity of the energy transition, an asset manager said.

Adaptation investment being blocked, report finds

Adaptation and resilience financing is "rich in instruments but fragmented in use", a report has found, as a financing gap has emerged "so large that public funding alone cannot close" it.

UK forum to define carbon in bid to develop market

The UK Carbon Markets Forum plans to further define carbon assets in a bid to help develop an investable and tradeable market.

US-Iran conflict shows NGFS assumptions 'don't hold' amid fragmented transition

Idiosyncratic policy responses to disruption from the US-Iran conflict show that old assumptions around the climate transition "don't hold anymore" and require a rethink of widely used scenarios, an expert argued.

Sovereign 'tension' with corporate sustainable bond investments needs addressing

Institutional investors should find ways to address the "tension" emerging between how they manage their corporate and sovereign bond portfolios around decarbonisation, according to an influential fixed income expert.

Banco BPM enters growing green Tier 2 bond market

Banco BPM has issued a €500 million ($570 million) green Tier 2 bond, which the lender said is the first green subordinated Tier 2 instrument launched by an Italian bank, as the labelled subordinated bond market continues its gradual growth.

Sustainable debt round-up: BBVA, Iberdrola, Republic of Austria ... and more

New Zealand LGFA launches water-focused sustainability-linked loan programme

The New Zealand Local Government Funding Agency (LGFA) has launched a pioneering sustainability-linked loan (SLL) programme focused on local government water companies.