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Insurers 'will not be allowed to walk away' from areas hit by climate change
11 October 2018Politicians "will eat insurers' lunch" if they try to walk away from insuring areas that suffer the adverse impacts of climate change, a regulator has warned.
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DNB’s energy transition stress test projects ‘sizeable’ losses
11 October 2018Netherlands-based insurers and pension funds potentially face ‘sizeable’ losses of up to 10% of their assets in the next five years in the transition to a low-carbon economy, according to a stress test by the Dutch central bank.
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R&I plans to exclude coal and oil companies from its second opinion service
11 October 2018A chief analyst at Rating and Investment Information (R&I) said the company plans to exclude coal and oil companies from its second opinion provider service for green bonds.
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No more excuses: Financing 1.5C
11 October 2018The financial sector must play a critical enabling role to limit global warming to below 1.5 degrees. Investors need to quickly overhaul their strategies for climate change to be halted in just over a decade, and there are already tools and solutions available to help investors align with this goal, finds Environmental Finance
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Green bond round-up, 10 October 2018
10 October 2018 -
Masdar signs first green loan in Middle East
10 October 2018Renewable energy company Masdar has signed a green revolving credit facility (RCF) with four banks to fund investments in its international clean technology and sustainable real estate projects.
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Ireland hopes to raise up to €4bn via its maiden green bond
10 October 2018Ireland is hoping to raise between €3 billion and €4 billion in its inaugural green bond issuance, which began to be marketed to investors today, Environmental Finance understands.
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Comment: IPCC report
10 October 2018This week’s report from the Intergovernmental Panel on Climate Change (IPCC) makes grim reading, but hopefully it will provide a wake-up call to policymakers across the globe, says Peter Cripps.
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Danish pension fund ATP welcomes EU sustainability reforms
10 October 2018The European Commission’s proposed sustainability taxonomy and green bond standard would help improve transparency of green financial products, according to the chief investment officer of one of Europe’s largest pension funds.
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Orsted boosts presence in US renewables market
10 October 2018US investment manager D. E. Shaw has sold its 100% equity stake in offshore wind energy developer Deepwater Wind to Danish power company Orsted for $510 million.