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Government revenues from carbon pricing soar
22 May 2018Carbon pricing mechanisms – including both taxes and emissions trading systems – brought in $33 billion for governments around the world last year, a rise of 50% since 2016, the World Bank said.
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Green bond round-up, 16 May
16 May 2018The African Development Bank (AfDB) has priced its second social bond to help finance socio-economic development on the continent.
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US states urged to issue more bonds to support water projects
16 May 2018US states should issue more bonds and loan guarantees to help finance water infrastructure, said the Natural Resources Defense Council (NRDC), an influential environmental advocacy group.
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Insurer backs development of 'blue carbon' credits
15 May 2018Insurance company XL Catlin is supporting a project to develop a novel type of carbon credit which it refers to as 'blue carbon resilience credits'.
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TCFD recommendations should remain voluntary, says UK regulator
14 May 2018It is important that the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) are not mandatory, according to a senior Bank of England official.
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Green bonds round-up, 2 May
02 May 2018DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.
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Ontario government backs latest Emerald cleantech fund
02 May 2018The Ontario Capital Growth Corporation (OCGC) has committed CAD35 million ($27 million) to the latest cleantech fund from Zurich-based Emerald Technology Ventures.
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'Knowledge hub' offers help with TCFD recommendations
01 May 2018The Task Force on Climate-related Financial Disclosures (TCFD), in partnership with the Climate Disclosure Standards Board (CDSB), has created an online platform to host a range of tools and information intended to help organisations implement its recommendations.
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Germany's KGAL attracts €382m into latest renewables fund
01 May 2018German investment manager KGAL has secured €382 million ($460 million) by the second close of its fourth Enhanced Sustainable Power Fund (ESPF 4).
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Guernsey eyes role as green finance centre
30 April 2018The island of Guernsey, an offshore financial centre in the English Channel, is consulting on proposed rules to label certain funds registered in the territory as 'green'.