News

EU carbon market update: 8 June 2020

Further gains in the EU Allowance price are likely to be increasingly difficult to achieve unless energy prices continue rising, says Tom Lord*

ECB holds about 20% of all green bonds - Lagarde

The European Central Bank (ECB) has bought up about a fifth of the green bond market, according to its president Christine Lagarde.

Norges Bank calls for 'financially material' ESG disclosure by companies

Norges Bank Investment Management (NBIM) has called for the EU's Non-Financial Reporting Directive (NFRD) to require companies to disclose environmental, social and governance (ESG) data that is 'financially material' to their operations.

WCI Carbon Market Update, 8 June 2020

The WCI carbon market is currently lacking drivers to push California Carbon Allowances further above their floor price, says Nicolas Girod*.

UK will 'wait to decide' whether to adopt EU Taxonomy after Brexit

The UK government is to reserve judgment on whether it will adopt the EU Taxonomy for sustainable activities after it finalises its departure from the bloc, due to the lack of "clarity" currently surrounding the guidelines.

RGGI carbon prices remain buoyant despite Covid-19

The latest auction of emission allowances in the US Regional Greenhouse Gas Initiative (RGGI) carbon market saw a clearing price of $5.75, the highest since December 2015.

Fossil fuel reserve profits 'could fall by two-thirds'

Falling demand and rising investment risk is forecast to slash profits from fossil fuel reserves, research by Carbon Tracker reported, estimating they could collapse by almost two-thirds.

Investments with positive impact intent top $2trn, says IFC

The total amount of funds invested with the aim to generate positive social or environmental impact are already likely to be between $2.1 trillion and $3.5 trillion, according to estimates by the International Finance Corporation (IFC).

Covid-19-recovery impact fund launched in South Africa

Ninety One has launched a debt and equity impact fund to support South Africa's recovery from the effects of the coronavirus pandemic.

People Moves 5 June: JP Morgan, Global Environment Facility, NN Investment Partners, Breedon Group, Triodos, Yielco, European Lab Steering Group, Severstal, Trillium