ICAP Reports Record $63 Billion Raised from Carbon Allowance Sales in 2022

Carbon markets hold steady amid energy cost surges, finds the International Carbon Action Partnership (ICAP)’s Emissions Trading Worldwide Status Report for 2023. Prices in the world’s emissions trading systems ended 2022 largely unchanged on the year The global energy crisis pushes governments to double-down on decarbonization efforts, with emissions markets playing a key role Increasing […]

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Franklin Templeton Appoints James Andrus as Vice President of Sustainability Global Markets

Andrus brings decades of financial markets advocacy and corporate governance experience New senior hire expands firm’s Global Stewardship and Sustainability Team Franklin Templeton announced the appointment of James Andrus as Vice President of Sustainability Global Markets, a newly created leadership role within the firm’s Global Sustainability Strategy Team. Andrus joins Franklin Templeton from the California […]

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President Biden Uses First Veto To Defend Rule on ESG Investing

Republican legislators had submitted a proposal to prevent pension fund managers from basing investment decisions on factors like climate change Two Democratic senators, Joe Manchin of West Virginia and Jon Tester of Montana, voted with Republicans “I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings […]

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What is it and what’s effective? – The Applied Ecologist

Co-authors Jenna Hutchen and MJ Robertson discuss how their latest research in interdisciplinary forest science led to a topology of Knowledge Exchange practices. Managing forests is not as simple as growing or cutting down trees. Global forest management is the complex interplay of government policies and directives, cultural and spiritual values, stakeholder perspectives, and efforts […]

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Banco de Bogotá, IDB Invest Announce $230 Million Sustainability Bond

The issue is Banco de Bogotá’s first sustainable, subordinated bond issued in the international market IDB Invest will lead the investment with an $80 million subscription As part of the bond issuance process, IDB Invest advised Banco de Bogotá in the design of the methodological framework for the use of funds IDB Invest and Banco […]

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Behind the Scenes of IPCC reports

IPCC, or the UN’s Intergovernmental Panel on Climate Change, delivers scientific reports on the state of our climate – and its new synthesis report is out now. It summarises three important publications from 2021/2022, on the physical science basis; on impacts, adaptation and vulnerability; and on mitigation of climate change. Since the first publication in […]

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Global panel of scientists publish their latest verdict on the climate crisis and how we must respond

Today, the United Nations’ Intergovernmental Panel on Climate Change has published its Synthesis Report, the final part of its Sixth Assessment cycle. The synthesis report gives an overview of the state of knowledge on climate change, highlighting new developments since the previous synthesis report in 2014. The European Commission welcomes the report and reaffirms its […]

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Malaysia’s Petronas Bids $460 Million for Stake in NTPC’s Green Energy Division

The bid values the green energy unit at $2.3 billion The proposal marks the first time an Indian state-run company has bid for a renewable energy firm NTPC has earmarked investments of more than $30 billion in the next 10 years to raise the share of non-fossil energy in its portfolio to 45% from the […]

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