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World Bank concludes PAF with $13m carbon auction
12 January 2017The World Bank concluded the pilot phase of its climate change auction initiative after it agreed to buy $13 million of carbon credits in a reverse auction.
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Investors with assets worth over £2trn back transition to low-carbon economy
11 January 2017Eighteen institutional investors with assets totalling £2.07 trillion ($2.6 trillion) have launched an initiative to support the Task Force on Climate-related Financial Disclosures (TCFD) call for investors to assess whether their portfolio companies are positioning themselves to transition to a low-carbon economy.
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ERAFP selects asset managers for €350m of funds
11 January 2017The French public services additional pension scheme (ERAFP) has awarded two private equity mandates with a combined value of approximately €350 million ($370.5 million), which will be in fitting with the firm's low-carbon socially responsible investing (SRI) approach.
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IIGCC appoints Damgaard Jensen new chair
10 January 2017The Institutional Investors Group on Climate Change (IIGCC) has appointed PKA CEO Peter Damgaard Jensen as its new chair.
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2017 to see more complex green finance, says SICM
09 January 2017The coming year will see more complex financial green offerings and more environmental, social and governance (ESG) issues enter the world of fixed income products, according to one US-based investment firm.
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Former PRI executive director joins UBS
09 January 2017Swiss bank UBS has recruited the founder and former head of the Principles for Responsible Investment (PRI), James Gifford, as senior impact investing strategist.
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Cicero is biggest second opinion provider in 2016 - despite bumper year for Sustainalytics
06 January 2017The Centre for International Climate and Environmental Research Oslo (Cicero) was the biggest second opinion provider in the green bond market in 2016, but Sustainalytics is breathing down its neck after signing up more new business than any of its competitors.
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TERP sells 365MW solar portfolio for £470m
06 January 2017US-listed yieldco TerraForm Power (TERP) has agreed to sell a solar photovoltaic (PV) portfolio in the UK to an Egyptian investment bank for £470 million ($580 million).
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Water fund manager eyes second fundraise
05 January 2017A US-based wastewater treatment company has revealed that it is considering raising a second fund, just weeks after it announced the first investment from its inaugural investment vehicle.
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EU ETS needs further reform to prevent drastic price falls
04 January 2017Ambitious reform is urgently needed to rescue the EU Emissions Trading Scheme (ETS) from further falls in prices, which some analysts warn could sink as low as €2.50 ($2.60) a tonne by the end of 2017.