News

Bonds round-up: World Bank, E.ON, Red Electrica, National Grid, EIB ... and more

IRENA argues renewable energy investment needs to double to 2030

Annual investment in renewable energy needs to double in order to scale up the energy source and secure the "pathway to climate safety", according to the International Renewable Energy Agency (IRENA).

GEF grants $15m support to the Food Securities Fund

The Global Environmental Facility (GEF) has approved a commitment of $15 million to the Food Securities Fund, developed by Swiss investment advisor Clarmondial.

Australian bushfires hit GDP, but current credit impact limited

Moody's Investors Service believes the short-term sovereign and state-level credit impact of the Australian bushfires will be "limited", but said the rising frequency and severity of the climate change-related natural disasters will "test" issuers.

EU reveals role for private finance in €100bn Just Transition Mechanism

The European Commission has outlined the role for private finance in its Green Deal Investment Plan, including by encouraging €45 billion ($50 billion) of blended finance through a Just Transition Mechanism.

Rathbone Greenbank identifies biodiversity as key theme for 2020

Rathbone Greenbank Investments has identified biodiversity, climate change and regulation as the top three environmental, social and governance (ESG) themes for 2020

EU Carbon Market Update, 13 January

The outlook is bearish for EU Allowance prices, says Adam Windmill*, as auction supply doubles this week with no obvious additional sources of demand

BlackRock announces expanded sustainable investment measures

BlackRock has pledged to make sustainability its "new standard of investing," as it announced sweeping changes to its practices, including reducing exposure to thermal coal firms.

Swiss Re structures cat bond to protect asset manager against quake risk

Swiss Re's insurance-linked securities (ILS) unit has structed and placed a pioneering parametric catastrophe bond covering US earthquake risks in a portfolio of mortgage investments.

Amundi says ESG investment strategies continue to outperform

Environmental, social and governance (ESG) strategies in the EU and North America remained a source of outperformance since the start of 2018, an updated report by Amundi Asset Management showed.