Archive

WCI Carbon Market Update, 9 March 2020

The outlook for California Carbon Allowances remains bullish but the coronavirus outbreak could have a significant negative impact on prices if the situation deteriorates, says Nicolas Girod*.

Role of ESG in credit risk analysis is growing, despite data drag

Environmental, social and governance (ESG) investing is becoming more "mainstream" and playing a growing role in credit risk analysis, said a report from S&P Global Market Intelligence.

Japanese utility joins third GIG Taiwanese wind farm project

Macquarie's Green Investment Group (GIG) and German utilities company Energie Baden-Württemberg (EnBW) have sold a 43.75% stake in the Formosa 3 offshore wind farm to Japanese utility JERA for an undisclosed sum.

EU Green Bond Standard moves a step closer

Final recommendations for an EU Green Bond Standard (GBS) have been published by the EU Technical Expert Group on Sustainable Finance but their regulatory status will not be confirmed until the third quarter of this year.

Updated EU taxonomy unveiled

The proposed taxonomy of green activities that will underpin the EU's Sustainable Finance Action Plan was updated and expanded today - and now includes criteria for climate adaptation activities.

EU's TEG: Develop 'brown' taxonomy to support energy transition

The EU should devise a taxonomy of activities that cause significant harm to the environment, the Technical Expert Group on Sustainable Finance (TEG) has recommended.

UK regulator proposes tightened climate-risk disclosure demands

The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.

Prudential Financial issues $500m green bond

First of its kind by US life insurer

People Moves, 6 March: DG FISMA, ResponsAbility, Carbon4 Finance

MSCI: Portfolio warming potential will be key metric

Assessing the "warming potential" of portfolios could soon become standard practice for investors, according to Remy Briand, head of environmental, social and governance (ESG) assessment at data provider MSCI.