A new report has shown that the European Union has not only decreased greenhouse gas emissions by 23%, but could reach 25% by 2020, well in advance of its mandated targets. The report, published Tuesday by the European Environment Agency (EEA), reveals that the European Union (EU) is on track … [continued]
Global credit rating agency Moody’s expects volume in the global green bonds market to increase significantly towards the end of the year to coincide with the UN’s global climate change conference in Paris next month. Moody’s, in a recent report, stated that the green bond issuance in the third quarter of … [continued]
Time Warner Cable Inc. has announced a goal to reduce the company’s carbon intensity by 30% by the end of 2016. Some of the measures it will take are investing in fuel-efficient vehicles, reducing cooling power consumption, exploring renewable energy, and perhaps including LEED measures in new buildings. This year, the company announced it … [continued]
The Arctic drilling ban (a partial moratorium, actually), should come as no surprise given recent EPA water protection actions in California.
Eight months after becoming the first capital city to divest from coal, Oslo has announced it intends to divest its pension fund from all fossil fuels — coal, oil, and gas. According to Fossil Free Europe, which reported the news Monday, the City of Oslo announced that it intends to divest … [continued]
Over one hundred and fifty Columbia University students continue their civil disobedience protest in an attempt to force the university to fully divest from fossil fuel investments. As part of a number of actions that took place on October 14 under the banner of People’s Climate Movement, over one hundred … [continued]
An unprecedented alliance of heads of state, city, and state leaders, has called for countries and companies around the world to put a price on carbon. The call comes by way of the Carbon Pricing Panel, a group of leaders from around the world convened by World Bank Group President Jim … [continued]
The UN’s chief environment scientist has rapped the UK on the wrist for its current renewable energy policy, calling it perverse. In an interview with BBC News, Professor Jacqueline McGlade, the Chief Scientist to the United Nations Environment Programme (UNEP), criticized the current Government’s stance towards renewable energy, and noted that the … [continued]
New players and banks are looking to enter the rapidly expanding market of green bonds. Bangladesh Bank has announced that it plans to invest a part of the country’s foreign exchange reserves in green bonds. According to the Climate Bonds Network, Bangladesh Bank will be the first national bank to … [continued]
If recent trends are anything to go by, the Chinese green bonds market is set for a massive expansion, as the country continues to expand its renewable energy infrastructure amidst a financial markets crisis. This has been exemplified by the Agriculture Bank of China, which issued its first green bonds sale in … [continued]
