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Green bond comment - May
25 May 2016The green bond market has continued its rapid march to maturity in recent weeks, with new geographies and industry sectors coming to market for the first time, innovative bond structures being launched, significant pricing advantages being reported, and plans for a new service to rate bonds on their environmental impact.
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Carbon prices are far too low to hit 2°C warming target, says IETA
25 May 2016The price of carbon in major emissions markets is unlikely to exceed €15 ($17) per tonne of carbon dioxide by 2020, less than half the price likely to be needed to limit global warming to 2°C, according to an industry survey.
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Axis Bank tightens price on oversubscribed green bond
24 May 2016India's Axis Bank said its inaugural $500 million, five-year green bond was 2.2 times oversubscribed and, as a result, the issuer tightened the pricing to 160 basis points over US Treasuries from 175 points over.
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Investors warn insurers about stranded assets arising from climate change action
24 May 2016US insurers and their regulators should pay more attention to the risk that fossil fuel assets in which they are invested could become 'stranded' as a result of action to combat climate change, a group of major investors has warned.
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Investors play increasing role in RGGI, as prices soar
23 May 2016The average auction clearing price of emission allowances in the Regional Greenhouse Gas Initiative (RGGI) market jumped 29% last year, while the share of allowances held by investment firms rose during the year to 36% from 15%.
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Impact investment specialist prepares $200m forestry fund
11 May 2016German impact investment advisor Finance in Motion is planning a $200 million sustainable forestry fund, with a first close of $100 million expected in the third quarter of this year.
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Toyota confirms up-sizing of latest green ABS
10 May 2016Toyota has increased the size of its third green asset-backed bond to $1.6 billion, from an initial $1.2 billion.
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Oil majors would add value by focussing on low-carbon assets, says CTI
09 May 2016Major oil and gas companies could be worth significantly more by aligning their investment plans with a 2°C climate change target rather than pursuing business as usual, according to the Carbon Tracker Initiative (CTI).
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Investors call for more detailed sustainability reporting
09 May 2016Investors want companies to produce more detailed reporting on sustainability issues and more explanation of how the issues affect corporate strategy and their assessment of risks and opportunities.
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Insurer John Hancock invests $227m in SolarCity projects
04 May 2016US insurance giant John Hancock Financial has agreed to invest $227 million in a 201MW portfolio of residential, commercial and industrial solar energy projects owned by SolarCity.