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UK commits to emissions trading scheme over carbon tax

The UK government has opted to launch its own emissions trading scheme (ETS) next month, instead of a carbon tax, and has said it will be more ambitious than the EU-run scheme it will replace.

ESG in Fixed Income Europe 2020 conference: Day one round up

The annual conference is being held virtually this year and attracted over 600 delegates on its first day

Agence France Trésor: EU taxonomy a 'powerful tool' but challenges remain

ESG in Fixed Income Europe 2020 conference: The EU's taxonomy of sustainable activities is a "powerful tool" for impact reporting, but the data is not always there to enable reporting in alignment with it, attendees of Environmental Finance's virtual conference heard.

News round-up: Investors go to work on deforestation, DFIs go fossil fuel-free

€1.8trn of investors urge companies to tackle deforestation

Green bond comment, November: Time is ripe for sovereigns to finally step up

Sovereign green bonds experienced a bumper September, with several new issuers, but Ahren Lester argues other hesitant sovereigns should step-up ahead of COP26 next year to light up this potentially significant market

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

UK "could spur more sovereign 'green+' bonds" in runup to COP

The UK government has been urged to issue a 'green+ bond' that could be imitated by other sovereigns looking to raise the ambition of their climate goals in the run-up to COP26.

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

Most financial institutions don't push for ambitious EU sustainable finance strategy

Many financial institutions are failing to support an ambitious EU sustainable finance strategy, according to a report on lobbying by NGO InfluenceMap, with just a handful supporting and actively engaging with the European Commission's policy.

'Sustainable seafood' fund aims for 2021 launch