Archive

EU carbon market update: 15 June 2020

The EU Allowance price look set to remain under pressure this week, despite a smaller auction volume and the possibility of rising power demand, says Tom Lord*

Many insurers still lack sustainable underwriting policies

Re/insurers shared tips on setting up frameworks for incorporating environmental, social and governance risks in underwriting at a recent UNEP PSI webinar. Cintia Cheong reports

UK insurer PIC invests £277m in Spanish solar parks

Pension Insurance Corporation (PIC), a specialist UK insurer, has provided £277 million ($352 million) of debt funding, as sole investor, for eight solar parks in Spain.

WCI Carbon Market Update, 15 June 2020

The fundamental price drivers in the WCI market remain weak, because of the impact of the Covid-19 virus, says Nicolas Girod*.

CLP criticised for transition bond framework targeting natural gas

Hong-Kong based power company CLP Group has faced criticism for publishing a revised transition bond framework that still includes the construction of natural gas-fired power plants.

Banks step up action on biodiversity

Natixis, HSBC and a number of Dutch banks are calling for the financial sector to accelerate action to prevent biodiversity loss.

Business alliance calls for major changes to UK policy following pandemic

UK-based business alliance The Aldersgate Group has called for a wide range of green-based policy responses to guide the economic rebuild in the wake of the Covid-19 pandemic.

Private wealth managers want better impact products, says Tribe

Many private wealth managers are keen to invest for positive impact but are often constrained by a lack of quality products and the absence of incentivisation structures, according to Tribe Impact Capital.

Paint it brown

After devising a taxonomy of green activities, the EU has been called on to create a 'brown' taxonomy. Would it be a help, or an unnecessary complication, asks Christopher Marchant

People Moves 12 June; SEB, Green Bond Principles, Pollination Capital, Bank of America, LSEG, UN Biodiversity Convention, Finance for Tomorrow, Eversheds Sutherland