Archive

WCI Carbon Market Update, 10 August 2020

The price of California Carbon Allowances continued their recent slide last week, ahead of next week's quarterly auction, notes Nicolas Girod*

Fossil fuel lending is a financial stability issue

The decline of fossil fuels systems is not only a threat to investor returns but also to financial stability. The NGO Finance Watch argues that this should have implications for the way banks are regulated, and urges regulators to use their powers to intervene without delay

GIIN publishes Covid-19 guidance for impact investors

The Global Impact Investing Network (GIIN) has published guidance to help impact investors understand how they can best support their investees and enterprises through the coronavirus crisis.

Forecasters raise predictions of Atlantic hurricanes

The three leading hurricane forecasters have all warned of increased Atlantic hurricane activity in their mid-season updates.

UniCredit plans 2028 coal sector exit in updated policy

UniCredit has taken a harder line against thermal coal, pledging to stop financing its mining or burning entirely by 2028, as the exodus from the carbon-intensive fuel by global lenders continues.

ESG ETF assets could hit over 3% of market by 2029, Morgan Stanley

Rapid growth of assets in environmental, social and governance (ESG)-focused exchange traded funds (ETFs) could see them hit almost $600 billion - equivalent to around 3.2% of the total market - by 2029, according to Morgan Stanley.

GISD calls for blended finance fund for increased UN SDGs funding

The UN-convened Global Investors for Sustainable Development (GISD) Alliance has developed more than 60 proposals calling for the UN Sustainable Development Goals (SDGs) to receive accelerated funding, including through data standardisation and a blended finance fund.

Climate change to prolong wildfire seasons by months - Four Twenty Seven

Four Twenty Seven has created a dataset projecting changes to the likelihood of wildfires in a world affected by climate change.

People Moves 7 August: UniCredit; Arup; London Stock Exchange

Investors must step up their game on climate risk management

Leading institutional investors are working to align their portfolios with the goals of the Paris Agreement. More should follow their lead, says Ian Simm of Impax Asset Management