Category Archive: Infrastructure Finance

Fighting climate change with green infrastructure; S&P’s Michael Wilkins writes for the World Bank Blog

According to NASA, 16 of the 17 warmest years on record have occurred since 2001. So – with climate change high on the global agenda – almost every nation signed the 2015 Paris Agreement, the primary goal of which is to limit carbon emissions and the rise in global temperatures to below 2°C above pre-industrial …

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“Paris Agreement climate pledges: Where will the money come from?” S&P Global Ratings’ report covered by the specialist press  

  The 2015 Paris Climate Agreement, so far ratified by 168 countries, formalises nations’ efforts to combat climate change. These targets, however, come with a significant price tag: the total implementation cost for countries that have submitted specific financial figures to meet their Nationally Determined Contributions (NDC) stands at about US$5.3 trillion. S&P Global Ratings’ …

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S&P Global Ratings completes its first UK Green Evaluation for Bazalgette Finance’s £10 billion issuance, covered by the specialist press

Bazalgette Tunnel Ltd issued a £10 billion, multicurrency bond program in June 2016. The proceeds will be used to finance the design, construction, commission and maintenance of the Thames Tideway Tunnel (TTT) and have received an S&P Global Ratings Green Evaluation score of E1/95. The TTT project aims to ensure the UK’s compliance with the …

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S&P Global Ratings’ Michael Ferguson explains the performance of the US green bond market in Renewable Energy World

2017 marks a year of outstanding growth in the global green bond market, but the US is trailing behind. Partisan gridlock over federal climate change policy has translated into uncertainty over investment conditions for renewable development and has slowed green bond uptake. Yet, significant decarbonisation activity at state level means that this uncertainty has not …

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On the ICC’s blog, S&P offers its perspective on green finance and COP23

With environmental disasters becoming an increasing risk, businesses and policymakers around the world are sitting up and taking note of the effects of climate change on trade. Spurred by the 2015 Paris Agreement, carbon-reductive practices in energy and infrastructure – and the necessary financing – are rising, with green bond issuance nearly doubling in 2016 …

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S&P Global Ratings publishes its latest Infrastructure Finance Outlook magazine

S&P Global Ratings has published its latest edition of Infrastructure Finance Outlook – reviewing the most pressing developments from the global infrastructure sectors in the third quarter. Infrastructure Finance Outlook provides global insights from S&P Global analysts on topics including: reviving North America’s water network; capital rules for EU infrastructure investments; the impact of Hurricane Harvey on …

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S&P’s Candela Macchi discusses the impact of Argentina’s mid-term elections on its infrastructure plan in Public Finance International

In a commentary article for Public Finance International, Candela Macchi, Director, S&P Global Ratings, outlines the effects of October’s mid-term elections on President Macri’s US$69 billion planned overhaul of Argentinian infrastructure. With the tenure of President Macri’s party crucial to the development of the infrastructure plan, it was inevitable that October’s elections would create uncertainty …

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S&P explains why “green finance is more than just green bonds” in Environmental Finance

In order for a bond to be included on the green bond indices, it must be labelled “green” by the issuer, at the point of issuance. However, not all bonds that contribute to climate change mitigation are labelled “green” and not all green financings are bonds. Nicole Martin, Managing Director, Green Evaluations, S&P Global Ratings, …

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S&P Global Ratings’ Luisina Berberian considers the promises and challenges of the offshore wind industry in specialist publication

Writing for Windpower Engineering and Development, Luisina Berberian, Associate Director, explains that enhanced technology is driving down the cost of offshore wind power. In the U.K, for example, where the offshore wind industry is relatively advanced, the cost of energy generation from offshore wind projects has fallen by 32% over the past five years. Elsewhere, …

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SRI Connect interviews Michael Wilkins on S&P Global Ratings’ sustainability engagements

Michael Wilkins, Managing Director, Environmental & Climate Risk Research, speaks to SRI Connect about the likely future trends in sustainable finance, including the rating agency’s sustainability engagement and increased focus ESG factors. “There is growing momentum in the fight against climate change on all levels and across the world”, he says, “demonstrated by China’s notable …

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