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Green Climate Fund commits $1bn to new projects
22 October 2018Funding awards for a ‘world first’ developing market green bank and a controversial water project in oil-rich Bahrain have been revealed as part of the latest in the embattled Green Climate Fund (GCF)’s disbursals.
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Sustainability bonds' potential to help meet smart cities investment challenge
22 October 2018The sustainability bond market, including bonds linked to the Sustainable Development Goals (SDGs), has a key role to play in helping to fund ‘smart cities’, an HSBC report said.
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UK government commits additional £80m to green investments
22 October 2018The UK government has earmarked £60 million ($78 million) to fund research and innovation projects that tackle air quality and climate change impacts, as part of its Strategic Priorities Fund.
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Paris rail project plans €31.5bn green bond programme
22 October 2018The French state-owned company developing a rail project in Paris has laid out plans for a mammoth green bond issuance programme worth as much as €31.5 billion ($36 billion).
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Investors pressure oil and gas companies to improve methane disclosures
22 October 2018Investor heavyweights Robeco and California State Teachers’ Retirement System (CalSTRS) have thrown their weight behind an initiative urging oil and gas companies to improve their disclosure of methane emissions.
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People moves: IOSCO, London Stock Exchange Group, Simmons & Simmons, UBS
19 October 2018Peter Damgaard Jensen has been appointed as co-organizer of the newly founded Global Commission on Adaptation. Damgaard Jensen also acts as CEO of Danish pension scheme PKA and chair of the Institutional Investors Group on Climate Change (IIGCC), an investor association taking action to support a low-carbon future.
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Mission-led finance: New ideas in European policymaking
19 October 2018Policymakers need to shift focus from filling investment gaps to creating new trajectories for ambitious low-carbon innovation, says Mariana Mazzucato. A missions-led approach should be at the heart of efforts align the economy with climate and sustainability goals, she tells Environmental Finance.
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Private equity will struggle to implement TCFD, lawyer predicts
19 October 2018Private equity firms will struggle to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) across their many portfolio companies, a lawyer has predicted.
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Fiduciary duty proposal of EU Action Plan could unleash sustainability shift
18 October 2018Plans to reform definitions of investors' duties are the most important part of the European Commission’s Sustainable Finance Action Plan, Environmental Finance’s Green Equities conference heard.
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UK Financial Reporting Council to set up climate lab
18 October 2018A working group to improve company reporting of information related to climate change is to be established by the UK’s Financial Reporting Council (FRC).