Only a matter of time' before TCFD becomes mandatory in UK, says BofE

Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption…

Carbon,ESG,ESG Data,Policy

China's ETS: launch hope high as officials step up support

Following their recently upgraded climate pledge, senior Chinese officials have given renewed backing to a national emissions trading system (ETS), reigniting hopes it will soon be built and be more ambitious, writes Ahren Lester

Carbon,Policy

Macquarie and BT Pension push TPI support past $20trn

Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just…

Carbon,Investment,Policy

S&P: Gas 'squeezed' by downturn, but renewables face 'crucial' 2020

The energy demand slump caused by the Covid-19 pandemic is set to "squeeze" gas demand, said S&P Global,…

Carbon,Renewables

Achmea Innovation Fund invests in reforestation company

The Netherlands-based financial services provider Achmea is taking a 'significant' non-controlling interest…

Carbon,IMPACT,Investment,Natural Capital

$20trn of investors urge firms to set science-based targets

Carbon,Investment,Policy

$5trn of investors set 'unprecedented' 1.5°C emissions target

Some of the world's largest investors, with a combined $5 trillion in assets, have pledged to implement…

Carbon,Insurance

EU carbon market update: 13 October 2020

EU Allowances lost ground last week and the momentum is with the bears, says Tom Lord

Carbon,Markets,Natural Capital

Boston Common: Differing methodologies for bank sustainable financing 'unnecessary competition'

Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess…

Carbon

Hydrogen's explosive potential to green the economy

'Green' hydrogen promises many benefits to help decarbonise our economies, but it may need EU carbon prices to be five times higher by 2030. Ahren Lester reports.

Carbon,Investment,Renewables

GPIF predicts equity boost and bond pain from more stringent climate policies

The largest pension fund in the world has estimated its equity portfolio could experience an accelerating…

Carbon,ESG Data,Investment

JP Morgan Chase makes 'Paris-aligned' financing commitment

JP Morgan Chase - which was recently revealed to be the biggest financier of fossil fuels - has pledged…

Carbon,Investment

CBL Markets announces first trades of new carbon offset contract

Commodities spot exchange CBL Markets has announced the first trades of the Global Emissions Offset (GEO)…

Carbon,Natural Capital

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial…

Carbon,Debt,Equity,Insurance,Investment,Natural Capital,Stranded Assets

EU carbon market update: 28 September 2020

Last week's volatility may continue, but further price declines are the most probable scenario for EU…

Carbon,Markets,Natural Capital

WCI Carbon Market Update, 28 September 2020

California Carbon Allowances remain around their highest level since the Covid-19 pandemic began. But…

Carbon,Natural Capital,Policy

Defining transition finance: how to be inclusive yet specific

Transition finance has garnered a lot of attention, but the challenge of delineating what exactly it is remains unresolved. Three recent reports try to balance the need for the definition to be both broad enough to be inclusive, yet specific enough to protect the instruments from claims of greenwashing. Ahren Lester reports.

Carbon,Debt,Green Bonds,Investment,Policy

Exchanges call for more trading of 'guarantees of origin'

Europe's system of 'guarantees of origin' (GOs) should be enlarged and standardised to encourage more…

Carbon,Policy

Covid-19 pandemic must not distract from fight against climate change, says investor group

International businesses and world leaders should 'resist the trap' of setting aside issues relating…