article thumbnail

Ontario Power Generation includes nuclear energy in green bonds

Corporate Knights

Provincially owned Ontario Power Generation has adopted a green bond framework that includes nuclear power – a first for the electricity utility. . The move followed a controversial decision in the European Union to classify natural gas and nuclear investments as green. . But does that make them objectively green?

article thumbnail

OECD Warns of Climate-alignment “Blind Spot”

Chris Hall

trillion of bonds issued by the fossil fuel sector. The OECD report analysed how the climate alignment of finance globally is assessed, the current degree of alignment, and how financial sector and real economy policies and actions influence alignment with Article 2.1c trillion, compared with US$1.7

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Take Five: Europe’s Green Brigade Takes Shape 

Chris Hall

Others suggested taking inspiration from the green bond markets to develop European defence bond frameworks for funding projects of high strategic importance to European sovereignty. The first outcome, announced this week , will be the launch of the first London-listed CNY-denominated sovereign green bond later this year.

article thumbnail

Policy Gaps Curbing Private Climate Finance Flows

Chris Hall

The gap between current climate investment and the funds needed until 2030 to achieve the net zero targets of the Paris Agreement currently stands at US$6 trillion annually, according to research from the Climate Policy Initiative (CPI) and law firm A&O Shearman, equating to approximately 6% of global annual GDP.

article thumbnail

AllianceBernstein Commits to Net Zero Pathway

3BL Media

degree Celsius pathway by 2050, in support of the Paris Agreement. Increasing Climate-Finance Exposures: With climate opportunities and green revenues already pursued by many of AB’s strategies, AB will maintain its focus on equity and fixedincome climate-finance investments as appropriate opportunities present themselves.

Net Zero 264
article thumbnail

Sustainable Bond Issuance on Track to Grow to $950 Billion in 2023, Despite Q3 Pullback: Moody’s

ESG Today

The quarter also saw a continued divergence in regional GSSS trends, with sustainable bond volumes representing 19% of total bond issuance in Europe year-to-date, compared to only 4.5% Despite the pullback, Moody’s maintained its full year forecast for green bond issuance of $550 billion, up more than 10% over 2022.

article thumbnail

Reflecting on COP27's Loss and Damage Fund Agreement

3BL Media

degrees Celsius (above pre-industrial levels) as outlined in the landmark Paris Agreement, through a collection of decisions. They have developed new innovations to build on products, such as green bonds and sustainability-linked loans, with new nature-based ideas added to the mix.