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Central banks face higher risk of monetary policy mistakes due to climate change, NGFS says

The increasing frequency and intensity of floods, earthquakes and heatwaves due to climate change is likely to make it harder for central banks to forecast inflation and productivity, thereby raising the risk of "mistakes", a group of central banks has suggested.

Judging the credibility of transition plans, part two

Investors preparing for a wave of transition plan disclosures face a complicated task to determine 'what good looks like', Michael Hurley writes

Central banks face tough questions to balance climate work and inflation, NGFS says

Plans by central banks to escalate monetary policy measures to tackle climate-related financial risks may have to be revisited to consider their utility in the current raised interest rate environment, according to the Network for Greening the Financial System (NGFS).

Voluntary carbon market needs to 'push down the doors of big corporates' on waste

Amidst growing investor demand for voluntary carbon credits linked to waste projects, GRAIN Ecosystem has told Environmental Finance that more needs to be done to "push down the doors" of big corporates to help scale up the market.

People Moves, 8 July: Lloyds, Bridges, IFRS, ESG Book, Permira ... and more

NGFS encourages central banks to model 'worst-case' climate impacts

The Network for Greening the Financial System (NGFS) has encouraged central banks to disclose the results of analysis exploring the worst-case scenario for climate-related physical and transition risks.

LeapFrog leads $65m financing for Indian EV battery business

VCM down 61% in 2023 as controversy remains

The volume and value of transactions in the voluntary carbon market was down by 61% in 2023 compared with the year before, reports Ecosystem Marketplace, as questions over its integrity were raised.

Dutch pension firms invest $160m into NBS strategy

Three Dutch pension providers have collectively invested DKK1.1 billion ($160 million) into the latest fund from nature-based solutions firm Ecosystem Investment Partners (EIP).

Investors 'need direction from policymakers' on transition

Policymakers have been urged to provide clear transition pathways and identify a "most likely scenario" to help investors develop their own transition plans.