Archive

COP29: MDBs update 'common framework' and pledge $120bn to climate financing

COP29: Climate crisis an 'economy killer', says UNFCCC's Stiell

The climate crisis is an "economy killer" that could be destroying up to 5% of GDP in many countries, according to Simon Stiell, executive secretary of UNFCCC, organiser of COP29.

London borough could increase BNG requirements

The London Borough of Harrow is consulting on an increase Biodiversity Net Gain requirements above the statutory 10% required for most new developments in England.

Actis closes Asian transition fund at $560m

IFRS flags concern at lack of company reporting on expected impacts of climate change

A review of company reporting has found little progress on company reporting in areas including the impacts of climate change on their businesses, strategies and financial planning, raising concern that investors are being starved of information they need.

Carbon credit offtake agreements hit 'new record', says MSCI

Long-term offtake agreements for nature-based carbon credits have hit a "new record", MSCI has found, calling these a "bright spot" in an otherwise stunted voluntary carbon market.

Odfjell: No 'lookback' period is 'important' for transition loans

'Transition loan' pioneer Odfjell said the focus on having little to no lookback period for eligible investments was "important" for transition finance instruments, but it does require companies to make a "clear commitment" around future investments.

Lay the foundations before building: ISSB standards as the Global Baseline

Investors need national regulators to rapidly adopt ISSB standards without removing key concepts or requirements, writes Nathan Fabian

COP29: GFANZ backs call for regulators to define coal phaseout as transition finance

Governments and regulators could help investors by 'clarifying' that finance provided to accelerate the phaseout of coal plants counts as transition finance, according to the first report by the Coal Transition Commission (CTC) published at COP29.

Amundi remains committed to just transition as flagship fund renamed

The Amundi Just Transition for Climate fund has been renamed following updated guidance from ESMA for funds with ESG or sustainability-related names.