News

European sovereign sustainable bond issuance to 'stall or fall' in 2024

European sovereign sustainable bond issuance is forecast to "stall" or decrease in 2024 amid a series of political and financial headwinds, with the EU also expected to fall short of its own green bond issuance plans.

COP28: EU 'slowing progress on Article 6'

As negotiations on Article 6 continue into the second week of COP28, Environmental Finance has heard that EU may be looking to 'curtail' negotiations amid concerns about how its own carbon mechanisms could be affected.

Nature-based solutions 'insufficient' if $5trn of 'nature negative' investments are not tackled

Private investors are still investing upwards of $5 trillion annually into investments that have a direct negative impact on nature, a report by the UN Environment Programme has found.

COP28: 18 countries join pledge to scale nature finance

18 countries have signed a high-level declaration to protect and preserve nature, which includes scaling up private finance into nature-related approaches and improving nature reporting interoperability.

Morningstar fined by regulator in anti-greenwashing action

Morningstar has paid the Australian financial regulator AUD29,820 ($19,612) after it alleged the company retained exposure to weapons manufacturers via its ESG-themed funds despite claiming it excluded such companies.

COP28: $83bn mobilised in the first week, says Presidency

SEC delays hotly anticipated climate disclosure rule ... again

The US Securities and Exchange Commission (SEC) has again delayed the adoption of its climate disclosures rule, to push back a final decision until April next year.

Australian green bond framework includes biodiversity, climate adaptation

The Australian sovereign green bond framework has included climate adaptation and nature projects among its eligible activities alongside the more familiar climate mitigation projects, as the country moves closer to its mid-2024 market debut.

People Moves, 8 December: General Atlantic, ISSB, ImpactA Global ... and more

TNFD introduces initial footprinting guidance for FIs

The Taskforce on Nature-related Financial Disclosures (TNFD) has proposed guidance for how to report for eight sectors, and preliminary guidance on biodiversity footprinting for financial institutions.