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NGFS encourages central banks to model 'worst-case' climate impacts
19 June 2024The Network for Greening the Financial System (NGFS) has encouraged central banks to disclose the results of analysis exploring the worst-case scenario for climate-related physical and transition risks.
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EU regulators pitch SFDR 'sustainability scale' and 'transition' category
18 June 2024EU regulators have suggested creating a category for 'transition investment' and a scale by which the relative sustainability of investments can be judged in an opinion on the review of the EU Sustainable Finance Disclosure Regulation.
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Microsoft and BTG Pactual announce landmark carbon credit deal
18 June 2024BTG Pactual Timberland Investment Group (TIG) has agreed to provide Microsoft with eight million nature-based carbon removal credits, believed to be the largest carbon removal transaction to date.
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Verdane, Södra back Nordic carbon capture and offsetting business
18 June 2024Private equity investor Verdane has provided two years of funding in carbon removals business Njord Carbon, alongside Swedish forest owner association Södra.
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EU countries agree weakened text for green claims directive
18 June 2024EU countries have agreed a text for the proposed Green Claims Directive which contains weaker language on the use of carbon credits than that agreed by the European Parliament.
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EU Green Bond Standard is 'quite tricky' - especially for sovereigns, says CA-CIB
18 June 2024Issuing green bonds using the EU Green Bond Standard (GBS) is "quite tricky" and is unlikely to see a lot of issuance except among a "handful" of issuers in the near term, according to Crédit Agricole Corporate & Investment Bank (CA-CIB).
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ShareAction calls for stronger asset manager approach to fossil fuels
18 June 2024Asset managers must take a more robust approach to fossil fuel -producing companies, according to a new paper from ShareAction, as current policies could harm the transition to a lower-carbon economy.
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Companies waiting for data before TNFD reporting
17 June 2024Companies are hoping to improve the quality of the data at their disposal before they commit to reporting in line with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD), according to a report.
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EU Nature Restoration Law finally approved in 'massive victory for nature'
17 June 2024An EU law to restore at least 20% of the EU's land and sea areas by 2030 has been approved after a 'compromise' text won a slim majority among EU countries - a move welcomed by investors and NGOs who called it "a massive victory for Europe's nature".
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US IRA set to stimulate $250bn of investment this year, says Barclays
17 June 2024More than $70 billion has been invested in clean energy projects backed by the US Inflation Reduction Act (IRA) in the first three months of 2024, as manufacturing investments ramp up, according to Barclays.
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