News

'Carbon removal' credits given go-ahead by European Parliament

The European Parliament has passed a new framework for certifying carbon removal credits, after raising concerns that regional carbon removal targets will be missed.

Investors need to collaboratively engage to see progress on nature, says Tribe

Investors need to engage with companies on nature more collaboratively if they are to successfully push for more action, Tribe Impact Capital has said.

Argentina issues debut sustainable bond amid future doubts

Argentina has raised ARS44.3 billion ($125 million) from its debut sovereign sustainability bond, but doubts have been raised about the prospects for further issuance amid a change of government.

Canada pledges mandatory climate disclosures by private companies, taxonomy funding

Canada has pledged to extend its climate disclosure requirements to private companies and announced more funding to progress with recommendations on a sustainable finance taxonomy.

UK draws fire for insufficient climate finance strategy in face of US, EU plans

The UK government has been criticised by an investor group for failing to detail a comprehensive net-zero investment strategy in its latest set-piece policy announcements, placing it at risk of falling further behind the US and EU in attracting green investment.

Bond round-up: EU, Snam, CAFFIL and more

CA100+ adds six investor members to Global Steering Committee

Climate Action 100+ (CA100+), the world's biggest collaborative engagement initiative, has named six new investor members to join its Global Steering Committee.

Exclusive: Innovative carbon credit that pays to decommission oil fields in $10m funding round

A carbon market firm is looking to raise $10 million to enable it to roll out a new type of carbon credit that will pay oil companies not to extract reserves.

Snam raises €650m from EU Taxonomy-aligned 'transition' bond

Italian energy infrastructure firm Snam has raised €650 million ($710 million) from its second EU Taxonomy-aligned transition bond, in a deal which was more than four-times oversubscribed.

COP28: 'MDBs need to commit to developing debt-for-nature swaps'

At COP28, multilateral development banks (MDBs) need to commit to further developing the infrastructure of debt-for-nature swaps to help grow the market, The Nature Conservancy has said.