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BNP plans to double renewables financing by 2020
07 February 2018BNP Paribas aims to double its annual financing of renewable energy projects to €15 billion ($18.5 billion) in 2020 from €7.2 billion in 2015 and to remain among the top three underwriters of euro-denominated green bonds this year.
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£17bn Church Investors Group to crack down on climate laggards
07 February 2018The UK's Church Investors Group (CIG) will take a harder line on companies failing to take action on climate change by voting against the re-election of directors, as part of its updated proxy voting policy.
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EU ETS reforms win parliamentary approval
07 February 2018The European Parliament has voted by a large majority to formally approve the provisional agreement reached in November on post-2020 reform of the EU Emissions Trading System (ETS).
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TCFD: Investors should use 'building blocks' to assess climate scenarios
06 February 2018Investors should question whether the climate scenarios produced by the companies they own are credible, by considering five key aspects, a report has argued.
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Bamboo launches investment vehicle for energy projects in Africa and Asia
06 February 2018An investment vehicle to support off-grid energy service companies in developing countries has been launched by private equity firm Bamboo Capital Partners.
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"Never say never" to UK sovereign green bond, says minister
06 February 2018The UK's Minister for Energy and Clean Growth has raised the hopes of the country issuing a sovereign green bond from the country, as a government-mandated taskforce looks set to recommend the move.
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Allianz, KB Financial and Westpac named sustainability leaders
06 February 2018German insurer Allianz, Korean bank KB Financial and Australia's Westpac Banking Corp are the top financial sector performers in terms of corporate sustainability, according to Swiss asset manager RobecoSAM.
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Zero-subsidy auctions show long-term viability of renewables
06 February 2018Recent changes in the economics of renewable energy present a growing opportunity for investors, says Zoe Vanderwolk
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CalSTRS selects eight ESG asset managers and could commit up to $1bn
05 February 2018The California State Teachers' Retirement System (CalSTRS) pension fund has selected eight environmental, social and governance (ESG)-focused asset managers.
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EU carbon market weekly update - 05 February 2018
05 February 2018EU Allowance prices are likely to continue to drift off this week, as fundamentals remain bearish, says Louis Redshaw