News

ETS price rise a risk if Iran war prompts gas-to-coal switch, says ING

EU countries considering using fossil fuels to plug gaps in energy generation instead of turning to renewables risk higher costs for businesses under the EU Emissions Trading System (ETS), according to ING.

Dutch central bank releases model for assessing nature shocks

De Nederlandsche Bank has released a model for assessing how nature shock assessments could be integrated into banks and insurers' risk models.

NGFS proposes supervisory model on nature

The Network for Greening the Financial System (NGFS) has put forward a model for central banks to manage nature, as it argues that existing tools are sufficient to begin action.

Nuveen: Sustainable bond market future opportunity is 'increasing granularity'

The labelled sustainable bond market is expected to focus on more targeted structures - such as 'blue', 'orange' and outcomes-based bonds - which could help bring more investors to the market, according to Nuveen.

'Gas-to-gas' transition bonds show dangers of Japanese strategy, thinktank says

Transition-labelled bonds by Japanese corporate issuers to replace gas infrastructure could set a dangerous precedent for deals that lead to limited emissions cuts or long-term entrenchment of fossil fuels, a think-tank argued.

Pension funds, insurers and regulators appointed to Canada taxonomy group

Representatives of Royal Bank of Canada, La Caisse and insurer Co-operators are among members of a newly appointed group to lead development of Canada's 'green and transition' sustainable finance taxonomy.

US could try to rebut aspects of EU's CBAM, S&P says

US pushback against key elements of the EU's Carbon Border Adjustment Mechanism (CBAM) is likely to be among factors the bloc will have to consider in coming months as it adapts its climate policy, according to analysts at S&P.

France Valley on track to raise €100m for carbon fund

Asset manager France Valley expects to raise €100 million for its 'carbon sink fund' later this year, it told Environmental Finance, while it is also mulling international expansion.

'Transition bonds risk being rainbow and unicorn frameworks'

Transition bonds run the risk of "missing the point" because of their continued focus on the issuer having to become 'net zero,' according to a major North American sustainable bond investor.

Sustainable debt round-up: IBRD, Lendlease REIT, Boralex ... and more