News

• GCF commits $256m to new projects but defers decision on credit agencies

  04 July 2016

  The Green Climate Fund (GCF) has approved funding for nine new projects, totalling $256.6 million, but postponed a controversial decision on working with export-credit agencies (ECAs).

• Sweden green lights Vattenfall's coal divestment

  04 July 2016

  Energy firm Vattenfall has been given the green light to divest its lignite coal plants as it looks to focus on clean energy.

• Investors must step up efforts to measure ESG engagement, Sustainalytics says

  01 July 2016

  Investors are increasingly seeing the merits of engagement, but more effort must be made to measure the environmental and social impacts, Sustainalytics has argued.

• India gears up for green bond frenzy

  01 July 2016

  India is set to become a major player in the green bonds market after a flurry of organisations announced plans to tap the market in coming months.

• India's EXIM offers to take currency risk on behalf of green bond issuers

  01 July 2016

  The Export-Import Bank of India (Exim) has offered to use its balance sheet strength to take currency risk on behalf of Indian green bond issuers.

• Climate-aligned bond universe grew by $96bn in 2015, says CBI

  01 July 2016

  The size of the "climate-aligned" bond universe has grown by $96 billion in the past 12 months, according to Climate Bonds Initiative (CBI).

• ESG is intrinsic to fiduciary duty, says coalition

  30 June 2016

  The Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative and The Generation Foundation have released a statement calling on investors to consider environmental, social and governance (ESG) issues as part of their fiduciary duty.

• UK's fifth carbon budget aims to reduce emissions by 57%

  30 June 2016

  The UK has announced an ambitious target of cutting carbon emissions by 57% from their 1990 level in its fifth carbon budget.

• UK's climate secretary sees harder road ahead

  29 June 2016

  The UK's energy and climate change secretary vowed that the country will continue to be a leader on climate change post-Brexit, but admitted its path towards decarbonisation had been made more difficult by the shock move.

• CC&L invests in hydro project

  29 June 2016

  Canadian investment management firm Connor, Clark & Lunn Infrastructure is backing a major run-of-river hydro-electric project in British Columbia.