Markets

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Carbon neutrality: a powerful climate tool in a critical decade

We are in a climate emergency and companies have a critical role to play in tackling it – some are already taking huge strides, stating clear ambitions, and pushing for greater impact, while others have not yet started, unsure about where to begin and fearful of being criticised if they don’t have a perfect plan. Saskia Feast at Climate Impact Partners discusses why carbon neutrality is a vital piece of the corporate climate action toolkit.

By Saskia Feast, managing director of global client solutions at Climate Impact Partners

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UNDP convened Sustainable Insurance Forum appoints new chair

Daniel Wang, executive director for insurance at the Monetary Authority of Singapore (MAS), has been named the new chair of the UNDP-convened Sustainable Insurance Forum (SIF).

By Giulia Bottaro

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‘Disaster waiting to happen’: Shadow tankers carrying Russian oil pose environmental danger

The oil tanker Turba normally should have been melted down by now.

By Bloomberg

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BCX completes first carbon credit auction in Malaysia

Malaysia's Bursa Carbon Exchange completed the nation’s inaugural carbon credit auction on 16 March 2023.

By Felicia Jackson

Plastic waste.

NER offers performance insurance for nascent recycling technology

New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, will provide technology performance insurance for adopters of Green Circle’s plastic recycling solution.

By Heather Dinwoodie

Carbon.Credit launches its exchange for carbon and renewable energy credits

Puerto Rico’s Carbon.Credit has launched its bid to become a primary marketplace and advanced secondary market exchange for voluntary carbon credits and energy-related contracts.

By Felicia Jackson

All Markets Posts

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Carbon neutrality: a powerful climate tool in a critical decade

28 March 2023

By Saskia Feast, managing director of global client solutions at Climate Impact Partners

We are in a climate emergency and companies have a critical role to play in tackling it – some are already taking huge strides, stating clear ambitions, and pushing for greater impact, while others have not yet started, unsure about where to begin and fearful of being criticised if they don’t have a perfect plan. Saskia Feast at Climate Impact Partners discusses why carbon neutrality is a vital piece of the corporate climate action toolkit.

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UNDP convened Sustainable Insurance Forum appoints new chair

28 March 2023

By Giulia Bottaro

Daniel Wang, executive director for insurance at the Monetary Authority of Singapore (MAS), has been named the new chair of the UNDP-convened Sustainable Insurance Forum (SIF).

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‘Disaster waiting to happen’: Shadow tankers carrying Russian oil pose environmental danger

27 March 2023

By Bloomberg

The oil tanker Turba normally should have been melted down by now.

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BCX completes first carbon credit auction in Malaysia

24 March 2023

By Felicia Jackson

Malaysia's Bursa Carbon Exchange completed the nation’s inaugural carbon credit auction on 16 March 2023.

Plastic waste.

NER offers performance insurance for nascent recycling technology

23 March 2023

By Heather Dinwoodie

New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, will provide technology performance insurance for adopters of Green Circle’s plastic recycling solution.

Carbon.Credit launches its exchange for carbon and renewable energy credits

23 March 2023

By Felicia Jackson

Puerto Rico’s Carbon.Credit has launched its bid to become a primary marketplace and advanced secondary market exchange for voluntary carbon credits and energy-related contracts.

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Biden vetos Republican anti-ESG vote

22 March 2023

By Felicia Jackson

As expected, President Biden vetoed the Republican proposed resolution to overturn the ruling allowing US federal pension plans to consider ESG concerns in investment decisions.

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IPCC Synthesis Report Part 3: Why this report matters to business

21 March 2023

By Felicia Jackson

Companies need to understand the speed at which change will come, the cost of extreme weather, the impact on supply chains, the increase in regulation and the increasing concern about liabilities.

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IPCC Synthesis Report Part 2: What the report tells us to do

21 March 2023

By Felicia Jackson

According to the Intergovernmental Panel on Climate Change (IPCC), the solution to climate change lies in climate-resilient development, which involves integrating adaptation measures with actions to reduce or avoid greenhouse gas (GHG) emissions in ways that provide wider benefits.

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IPCC Synthesis Report Part 1: Where we are on climate change

21 March 2023

By Felicia Jackson

The IPCC Climate Change 2023: Synthesis Report brought into focus the losses and damages being experienced around the world after climate change accelerated extreme weather. Although its warnings were overwhelmingly urgent, it said that immediate action could deliver the transformational change essential for a sustainable, equitable world.

A member of Kenya's Masai tribe watches over his grazing cattle.

‘Blood Carbon’ campaign takes on land-grabbing offset project

21 March 2023

By Heather Dinwoodie

Survival International, a global human rights organisation, has launched its ‘Blood Carbon’ campaign against the sale of carbon credits generated in protected areas.

Victoria Jenkins. Credit to Deb Burrows.

Inclusive design brings sustainable fashion to disabled community

17 March 2023

By Heather Dinwoodie

The spending power of the disabled community has been largely excluded from the sustainable fashion movement. Victoria Jenkins, founder of fashion brand Unhidden, explains how she intends to empower this untapped market.

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Climate risk: Bank of England finds gaps in UK financial system

15 March 2023

By Giulia Bottaro

The Bank of England (BoE) has published its latest thinking on climate-related risks and regulatory capital frameworks.

A ringed kingfisher (Ceryle torquatus) on the banks of the Chaihuin River in the Valdivian Coastal Reserve and on the edge of the Alerce Coastal National Park near Chaihuin Village, Los Rios, Chile.

How the private sector can help protect biodiversity

14 March 2023

By Sinclair Vincent and Robin Rix

Sinclair Vincent and Robin Rix of Verra explore the role of the private sector in protecting biodiversity and why it matters.

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Kansas warns on cost of anti-ESG movement

13 March 2023

By Jawahar Hingorani

KPERS has asked the state legislature to change the language used in its anti-ESG bill, providing tangible financial reasons to do so. This may set an example for other states to follow and even turn the tide against the Republican-led crusade against ESG.

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US eyes competitive boost from decarbonising heavy emitters

10 March 2023

By Jawahar Hingorani

The US will invest $6 billion to decarbonise hard-to-abate sectors in its bid to transition to a low-carbon economy, with a focus on fostering innovation and supporting underserved communities. Its plans, like those of other large economies, ignore the transition needs of low-income countries.

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New tech with old materials: wood’s role in sustainable construction

10 March 2023

By Guido Fucci, manager for sustainability & strategy at Ambienta

Guido Fucci has radically shifted his career from oil and gas to sustainability investing after the 2015 oil price crash. As part of his role at Ambienta, he scouts investment opportunities in the sustainable construction sector – and reckons wood could be the most compelling long-term investment opportunity.

Wind turbine blades

Planet-saving wind farms fall victim to global inflation fight

10 March 2023

By Bloomberg

Off the coast of New England, winds whip over the frigid Atlantic Ocean creating perfect conditions for giant offshore turbines. While plans are in place to tap that natural power to generate electricity, progress — here and around the world — is being held up by soaring inflation.

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Risk of ‘wishful thinking’ on hydrogen as demand likely to outstrip supply

10 March 2023

By Energy Voice

New analysis suggests the UK’s hydrogen targets may fall short of what is needed to decarbonise the power sector, while the supply gap could impact other industry plans to slash emissions.

Wildfire burning through a forest.

Climate risk tools: new guidance aids financial sector in navigating the market

9 March 2023

By Jawahar Hingorani

The UN Environment Programme’s Finance Initiative (UNEP FI) has published guidance for financial institutions on climate risk tools, exploring the major market trends and providing analysis of dozens of available offerings.

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Report: Vague government policy risks hampering UK’s hydrogen pipeline

8 March 2023

By Energy Voice

A new report is warning that political instability and a lack of government clarity around support could stunt the rollout of hydrogen projects in the UK.

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Decarbonising EU buildings could create 2m new jobs

6 March 2023

By Felicia Jackson

McKinsey has published a new report showcasing how an ambitious roll-out of heat pumps and solar panels could contribute to the creation of 2 million jobs across Europe by 2030.

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Hectare raises $20m for agricultural insights

6 March 2023

By Felicia Jackson

UK-based agricultural software as a service (SaaS) platform Hectare, has raised $20m for the development and deployment of its supply chain services.

Offshore wind turbines.

Giant Hornsea Three wind farm at risk without tax breaks

3 March 2023

By With reporting from Bloomberg

Orsted (CPH: ORSTED), the developer behind the giant Hornsea Three windfarm, has said the £8bn development is at risk without tax breaks.

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Highland offshore renewables skills hub backed by wind developers

3 March 2023

By Energy Voice

A skills and innovation hub set for the Highlands is being backed by floating offshore wind developers Renantis, BlueFloat Energy and Orsted.

A heap of discarded clothing.

Transparency will determine leaders and laggards of textile waste

1 March 2023

By Heather Dinwoodie

The fate of used textiles is often unclear, but recent developments including an investigation of Dow’s (NYSE:DOW) recycling programmes suggest that companies will soon face pressure to improve their transparency.

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Energy Security highest priority in the trilemma, report finds

1 March 2023

By Energy Voice

Concerns surrounding energy security have been found to be higher on the list of priorities than clean and affordable energy for firms globally.

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New eco-laws will rinse away fashion greenwashing

28 February 2023

By Debbie Shakespeare, senior director of sustainability, compliance, and core product line management at Avery Dennison RBIS

As the fashion industry struggles to come to terms with how to manage its impact on the environment and climate, Debbie Shakespeare, senior director of sustainability, compliance and core product line management at Avery Dennison RBIS, discusses how regulation could change everything.

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EU carbon price over €100 could accelerate energy transition

27 February 2023

By Jawahar Hingorani

A combination of factors has driven EUA prices above €100, causing some concern in the markets. Regulators want to ensure stability in the ETS, while companies are concerned about prices in the current environment. Many will need to buy credits to comply with the GHG emissions reduction targets set by the EU’s ‘Fit for 55’ legislation and REPowerEU proposals.

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Oka announces $7m in seed funding for carbon insurance

27 February 2023

By Felicia Jackson

US-based carbon credits insurance company Oka announced the close of its seed round, attracting over $7 million in funding. The round was led by Aquiline Technology Growth ventures.

A school of fish pictured swimming underwater.

Seafood Positive boosts biodiversity with fish replacement service

27 February 2023

By Heather Dinwoodie

Seafood Positive has launched its OneFishTwoFish programme to support marine biodiversity by enabling companies and individuals to replace the fish they consume.

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BNZ launches billion-dollar Business Recovery and Resilience Fund

27 February 2023

By Felicia Jackson

The Bank of New Zealand (BNZ) has announced a $1 billion fund to help accelerate recovery in the aftermath of Cyclone Gabrielle and the north island floods, and to support Kiwi businesses to invest in their future and become more resilient.

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The truth behind carbon offsetting

24 February 2023

By Mauro Cozzi, co-founder and chief executive of Emitwise

The voluntary carbon markets are experiencing growing pains as increasingly challenging questions are being asked about integrity and additionality. Mauro Cozzi, co-founder and chief executive of AI-driven carbon management and reporting company Emitwise, takes a closer look at what's going on.

solar and wind farms

Investors eager for clean tech risk, despite challenges

24 February 2023

By Energy Voice

While the wider industry may be rife with concerns around inflation and how to secure investor support, the clean tech space is feeling much more confident.

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Insect proteins: all you need to know about the EU regulatory landscape

23 February 2023

By Alice Grassi, communication manager at the International Platform of Insects for Food and Feed

The burgeoning insect industry continues to expand in Europe as regulations evolve to address the need for a more sustainable food system. Alice Grassi, communication manager at the International Platform of Insects for Food and Feed (IPIFF), explores the manifold applications of insects and the opportunities available in the EU.

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ESG fuels new era of conscious quitting

21 February 2023

By Felicia Jackson

From ‘quiet quitting’ to 'conscious quitting' – 45% of employees would consider resigning if employers do not align with their own values. ESG is now influencing the employment decisions of nearly half the UK’s office workers, and more than three-quarters want to work in businesses with a positive impact.

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SGV take: The US ESG fight continues to confuse

20 February 2023

By Felicia Jackson

Political attacks in the US on the use of ESG as a risk-adjusted investment lens continue, but the need to effectively manage risk is likely to win out over the long run.

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UK cleantech venture capital hits £3.2bn

20 February 2023

By Felicia Jackson

UK cleantech venture capital hit £3.2 billion in 2022 but needs focus to compete with the US and EU. The Cleantech for UK Initiative has been launched, a coalition with combined funds of over £6 billion, to build the next generation of cleantech champions.

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Sustainability in healthcare increasingly important: study

20 February 2023

By Felicia Jackson

Climate change will be one of the major factors in global healthcare trends over the next decades as climate migration forces people into new countries, according to a study co-authored at Cambridge Judge Business School.

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UK alternative proteins see investment boom despite global downturn

16 February 2023

By Giulia Bottaro

New data suggests that there is a strong appetite for alternative protein technologies and products in the UK, despite economic headwinds and a downturn in investment in other regions.

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French regulator’s proposal adds confusion to SFDR funds debate

15 February 2023

By Jawahar Hingorani

Autorité des marchés financiers (AMF) is proposing minimum ESG requirements for Article 8 and Article 9 funds. This is intended to improve transparency in the sustainability claims made by fund managers and give European savers confidence in investing in the transition, but the inclusion of transition assets may do little to alleviate market confusion.

solar and wind farms

EGL puts UK green energy sector ‘in the balance’ with ‘multi-billion pound’ projects at risk

14 February 2023

By Energy Voice

Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.

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Consumer habits uncover sustainability versus price

13 February 2023

By Daniel Smythe, VP of Retail and Hospitality Consulting, North America, EPAM Continuum

Companies are increasingly having to decide on trade-offs between sustainability versus price. Daniel Smythe, VP of Retail and Hospitality Consulting, North America, EPAM Continuum explores how consumer attitudes and behaviour are affected.

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CO2 pioneer LanzaTech starts trading raising $240m

13 February 2023

By Felicia Jackson

Carbon capture and transformation group LanzaTech Global has begun trading on the US NASDAQ exchange. The company’s common stock and public warrants begin trading under ticker symbols LNZA and LNZAW, respectively.

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Workiva expands KPMG’s ESG offering by adding GRC reporting

13 February 2023

By Jawahar Hingorani

Workiva and KPMG have enhanced their existing working relationship to address multiple aspects of ESG reporting on Workiva’s Wdesk platform which can help simplify and automate ESG disclosures, and ease audit scrutiny by adding GRC reporting capabilities.

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Global carbon market hits record €865bn: Refinitiv

13 February 2023

By Felicia Jackson

The latest research shows that the global carbon markets hit over $923 billion in 2022, despite fewer transactions taking place.

An orchard of ripening cherries.

AFYREN partners with Cearitis for nature-friendly crop protection

10 February 2023

By Heather Dinwoodie

Sustainable ingredients producer AFYREN (PAR:ALAFY) has partnered with Cearitis to develop a biological pest control system for the protection of orchard crops.

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Fintechs can fill $275 trillion financing gap for green transition: report

9 February 2023

By Giulia Bottaro

The burgeoning fintech sector could be instrumental in mobilising capital to fund the sustainable transition, according to a report by McKinsey, the Monetary Authority of Singapore and Elevandi.

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Sustainable business practice makes for a sustainable planet

9 February 2023

By David Rajakovich, co-founder, Re:Kreate

It may have taken longer than expected but, as we move through Q1 of 2023, it would appear that UK CEOs and investors are, at last, beginning to embrace the idea of merging entrepreneurial ventures with sustainable, planet-conscious decision-making.

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Carbonplace raises $46m as it becomes independent

8 February 2023

By Felicia Jackson

Carbon credit transaction network Carbonplace has announced that it has raised $45 million in a strategic round of investment, as well as officially spinning out and becoming independent.