News

First green bond blockchain platform launched

A blockchain-enabled database which claims to have the ability to validate the impact of green bond issues, thereby unlocking greater investment in green projects, has been launched.

EU Taxonomy hits roadblock

The European Union (EU) has laid out plans to become the first climate-neutral continent in the world by 2050, although its green Taxonomy plans were blocked by the UK and France.

Bonds round-up: CPPIB Capital, CalSTRS, Taiwan Power Co., Swedavia ...and more

EBA plans climate stress test

BMO launches three sustainability-focused multi-asset funds

BMO Global Asset Management has launched three environmental, social and governance (ESG)-focused multi-asset fund portfolios.

CBI criticised for hydropower accreditation proposal

The Climate Bonds Initiative (CBI) has been called on by a group of more than 200 civil society organisations to abandon its proposed green bond standard for hydropower projects.

Credit Suisse to cease funding new coal-fired plants

In a significant shift to its environmental, social and governance (ESG) policy, Credit Suisse is to stop any form of financing specifically related to the development of new coal-fired power plants.

World Bank unveils carbon markets implementation partnership

An initiative to promote the use of carbon pricing has been announced on the sidelines of the COP25 event in Madrid.

Record $1bn first close for BlackRock renewables fund

BlackRock has reached a "record" $1 billion first close of its Global Renewable Power III (GRP III) fund amid "strong" investor demand for renewable power assets.

Drax targets carbon-negative operations by 2030

The boss of coal and biomass-powered power station Drax has announced plans to be carbon-negative by 2030.