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Carney: EU taxonomy is binary - we need 50 shades of green
24 September 2019The EU's taxonomy on sustainable activities is "a good start", but a "richer" taxonomy that does not take a binary approach is needed, said Bank of England governor Mark Carney.
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Countries pledge a further $1.4bn to GCF
24 September 2019This week’s UN Climate Action Summit has seen a host of countries, including Sweden and South Korea, make commitments to the replenishment of the Green Climate Fund (GCF), totalling $1.4 billion.
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Natixis applies green weighting mechanism for CIB
24 September 2019Natixis has begun to apply a 'green weighting factor' (GWF) to its Corporate and Investment Banking (CIB) arm to weight its investments based on their climate impact.
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Sustainability bond labels can be a case of 'splitting hairs'
23 September 2019The transition bond label is unnecessary and can amount to 'splitting hairs' over the perceived sustainability of some sections of the market, according to a leading green bond second opinion provider.
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Spurring sustainable investments with capital charges
23 September 2019As sustainability makes its way into regulation, the question of capital charges punishing 'brown' investments or incentivising 'green' investments has come to the fore. While regulators are asking for risk-based evidence, stakeholders are not all in agreement on how to proceed. Vincent Huck reports
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One-third of banking sector signs Principles for Responsible Banking
23 September 2019A set of principles designed to hardwire sustainability into the global banking industry has been formally launched with the backing of more than 130 banks – which together represent one-third of the global banking sector's assets.
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WCI Carbon Market Update, 23 September 2019
23 September 2019CCA prices edged lower again last week, but the outlook remains bullish, says Nicolas Girod*
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Danish pensions to invest $50bn in green transition
23 September 2019Danish pension funds, led by PensionDanmark, have committed to investing $50 billion in the 'green transition' by 2030.
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People Moves: Aviva, MN, WWF, Schroders
20 September 2019Aviva Investors has recruited Ed Dixon for its newly created position of head of environmental, social and governance (ESG) real assets.
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EBRD issues world-first ‘climate resilience’ bond
20 September 2019The European Bank for Reconstruction and Development (EBRD) has issued what it says is the first bond to exclusively finance climate resiliency projects.