Ahren Lester

Philippines power firm EDC readies PHP10bn green bond

'US IRA has worked where taxonomies have not'

A senior banker has argued that the US Inflation Reduction Act (IRA) economic incentive package has delivered real climate-focused financial flows in a way that 'green' taxonomy-focused approaches have not.

EU work on SLB regulation may come too late, says IEEFA

European Commission work on regulating sustainability-linked bonds (SLBs) may come too late to help reach 2030 climate goals, according to a think tank.

L&Q faces SLB coupon 'step-up' on target miss

UK social housing charity London & Quadrant (L&Q) said it was "likely to miss" a greenhouse gas (GHG) emissions target linked to its ground-breaking sustainability-linked bond (SLB), triggering an additional £3 million ($3.8 million) of coupon payments.

SLB step-ups a long way from being financially punitive, says Barclays

The penalties for missing the targets set by sustainability-linked bonds (SLBs) would have to be at least 10 times what the market currently offers to be big enough to incentivise companies to change their behaviour, Barclays has argued.

Sustainability-linked bond issuance limps into 2024

Sustainability-linked bond (SLB) issuance has had its weakest start to a year since the publication of principles boosted the market in 2020, according to Environmental Finance research.

Australia debut green bond expected from mid-May

Australia will issue its debut 10-year sovereign green bond between mid-May and the end of June, it emerged, as the sovereign announced it will launch investor roadshows from April.

S&P: Climate-related credit rating actions 'to grow'

Climate-related credit rating actions at corporate and infrastructure issuers doubled in number last year and are expected to continue to increase, S&P Global Ratings predicts.

EU raises €7bn from first new green bond since 2022

The EU has raised €7 billion ($7.6 billion) from a green bond in a deal that was more than 12-times oversubscribed.

Iceland: 'It is likely we will be a regular sustainable bond issuer'

Strong response to long-awaited inaugural green bond opens door to more issuance from the Nordic sovereign. Ahren Lester reports