Archive

Green bonds round-up, 14 December 2017

Nigeria to issue $30m sovereign green bond, Belgium waits in wings

Nigeria plans to issue a 10.69 billion naira ($30 million) green bond next week, and become the first African sovereign issuer.

Natixis becomes latest firm to stop lending tar sands and Arctic oil

Natixis has been added to the growing list of financial institutions that are walking away from tar sands and Arctic oil.

The SDGs and the bond market

The green bond market, which in recent years has emerged as a test bed for sustainable finance, has begun to adapt in response to the Sustainable Development Goals (SDGs).

Stern calls for $40 - $80 carbon price by 2020

Influential economist Nicholas Stern said the price of carbon must rise sharply if the world is to limit global warming in line with the ambitions set out in the Paris Agreement on climate change.

Dutch financial firms take action on carbon footprint

Twelve Dutch financial institutions have developed a methodology for measuring the carbon footprint of their investments and loans.

Talanx plays dealmaker in $1bn debt financing of offshore wind farm

Talanx has co-ordinated at least 10 institutional investors to commit €832 million ($980 million) of debt finance for a North Sea wind farm, marking the second time the German insurer clubbed like-minded institutions together.

TCFD garners support from wide range of corporates and investors

Support for the Task Force on Climate-related Financial Disclosures (TCFD) from companies, and investors has grown strongly since the group published its final recommendations in June, its chairman Michael Bloomberg said.

$300m fund launched to combat land degradation

Mirova, the sustainable investment arm of French bank Natixis, has formally launched the Land Degradation Neutrality Fund (LDNF) which it has been developing with the UN Convention to Combat Desertification (UNCCD) since 2015.

Axa targets €12bn of green investments and dumps coal and oil sands projects

Axa has quadrupled its green investment target and said it plans to divest €2.4 billion ($2.8 billion) from coal-related companies, as it ramps up its efforts to fight climate change.