Tag: green finance

Credit risk, stranded assets and the environment: S&P Global Ratings’ Mike Wilkins contributes a chapter to a major new Routledge study

With ongoing advances in sustainability, the risk of being unable to monetise ca​r​bon assets grows by the day. A new book from Routledge, Stranded Assets and the Environment: Risk, Resilience and Opportunity, explores the ramifications of asset stranding across various sectors of the global economy. Mike Wilkins, Head of Sustainable Finance at S&P Global Ratings, …

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S&P Global Ratings’ ACS SCE Green Evaluation covered by the specialist water press

ACS Servicios Comunicaciones y Energía S.L.’s (ACS SCE) €750 million worth of green notes has received an S&P Global Ratings’ Green Evaluation score of E1/83. This high score is supported by proceeds allocated to renewable energy and water projects in countries with medium carbon intensity grids and medium to high water stress – and is …

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Banks to issue more green bonds, says S&P Global Ratings report, covered by specialist press

As key providers of financing, banks have a significant role to play in the transition to a low-carbon economy. S&P Global Ratings’ recent report considers the growth of green bonds issued by banks in recent years and prospects for continued green financing to account for an increasing proportion of bank lending in the future. The …

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S&P Global Ratings’ Green Evaluation of Eolica Mesa La Paz onshore wind financing covered by the specialist press

The proposed bonds that will finance the Eólica Mesa La Paz wind farm, in Mexico, have received an S&P Global Ratings Green Evaluation of E1/91 – the highest score available. Eólica Mesa La Paz will finance the construction of a 306-megawatt (MW) onshore wind project, located in Tamaulipas, by using a new senior secured bond …

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S&P Global Ratings’ Modern Land (China) Green Evaluation covered by Responsible Investor

Modern Land (China) Co. Ltd.’s US$350 million of green bonds – to finance environmentally certified buildings in China – have received an S&P Global Ratings Green Evaluation score of E1/84. The high Mitigation score of 92/100 is because of the high level of expected avoided carbon emissions compared with the baseline scenario – due to …

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Writing for the Aldersgate Group’s insights platform, S&P Global Ratings’ Michael Wilkins considers green investment for infrastructure

To keep temperatures from rising 2˚C above pre-industrial levels, green infrastructure needs significant investment. Michael Wilkins, Head of Sustainable Finance for S&P Global Ratings, discusses where that money is going to come from – and considers both public and private sources. Read the full article here

S&P Global Ratings’ BIF II Holtwood Green Evaluation covered by the specialist press

US$350 million senior secured notes, issued in February 2018, by BIF III Holtwood LLC, have received an S&P Global Ratings Green Evaluation score of E1/90. The score of E1/90 reflects an excellent Mitigation score (95/100), which is supported by a focus on renewable energy generation contributing to systemic decarbonisation and that these projects are located …

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S&P Global Ratings’ Michael Ferguson discusses the outlook for U.S. green finance in Investment Week

The financing of green infrastructure projects is rising worldwide. And alternative financing tools are piquing the interest of investors, many of whom are increasingly sensitive to climate concerns. Michael Ferguson, Director, U.S. Energy Infrastructure and Sustainable Finance at S&P Global Ratings, highlights the expansion of the U.S.’ decarbonisation efforts and how green bonds are used …

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Newly formed S&P Global Ratings Sustainable Finance Team hosts media reception

On 17 April 2018, S&P Global Ratings marked the launch of its Sustainable Finance team. At a reception in central London, the team, which includes members from North America, hosted specialist and tier one agencies. The Sustainable Finance Team is a cross-practice, dedicated team of S&P Global Ratings analysts who cover environmental, social and governance …

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S&P Global Ratings’ Peter Kernan and Michael Wilkins consider the effects of climate change on corporate credit ratings

As the damages resulting from global weather trends compound year by year, international credit markets have begun to take climate change more seriously, write Michael Wilkins, Head of Sustainable Finance, and Peter Kernan, Managing Director, S&P Global Ratings. The article describes how environmental and climate (E&C) risks—as well as opportunities—may affect an entity’s capacity and …

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