Tag: green finance

In Sustainable City Network, S&P Global Ratings’ Michael Ferguson considers the growth of the U.S. municipal green bond market

As market interest continues to mount in renewable energy, energy efficiency, and water conservation measures, U.S. cities and states are witnessing substantial reductions in their carbon footprints, as well as an ongoing mass transformation of the energy generation grid. As such, many municipalities are taking advantage of the “green bond” as a way to finance …

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Commerzbank’s Ruediger Senft cited on sustainable trade finance in Global Trade Review

Global Trade Review has cited the head of corporate responsibility at Commerzbank, Ruediger Senft, on the impact of climate risk on global commerce. Senft explains that while trading companies and commodity producers face “real and urgent challenges”, they can “look to their banks for expertise on how to build resilient, future-proof supply chains”. He argues that “instead …

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Incentivising low-carbon infrastructure following COP23 – S&P Global Ratings writes for Responsible Investor

In the wake of COP23, climate change negotiations are already bringing repercussions on many energy and infrastructure sector assets: from enhanced resilience and low‐carbon transportation projects, to the conversion or shuttering of fossil fuel power plants. S&P Global Ratings – along with Norton Rose Fulbright – writes in Responsible Investor on how we can expect …

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S&P Global Ratings’ COP23 outlook covered by Sustainable City Network

After a year of multiple extreme weather events around the world, there was growing sense of urgency for action at COP23, particularly from the small island states and developing countries looking to focus more attention on climate change adaptation. As such, S&P Global Ratings’ produced a report “COP23: Two Degrees, With Separation” examining the nationally …

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S&P Global Ratings publishes its latest edition of 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 from the past quarter. Focusing on disruption, this quarter’s Infrastructure Finance Outlook provides global insights from S&P Global analysts on topics including: the outlook for U.S. utilities amid a sea of industry change; the opportunities …

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S&P Global Ratings’ Michael Ferguson considers the development and prospects of the U.S. green bond marketplace in American Infrastructure

2017 has seen a surge of global green bond issuances. The Climate Bonds Initiative (CBI) quantified the total figure for H12017 at $55.8 billion – representing a $21.2 billion increase from the same period in 2016. Despite the sharp increase in both America’s municipal and corporate issuances this year, the majority of green bond marketplace …

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Ence Energia S.L.U.’s €220 million debt for biomass power generation receives S&P Global Ratings Green Evaluation score of E1/79, covered by the specialist press

Ence Energía S.L.U, the renewable energy division of prominent Spanish biomass energy producer Ence Energía y Celulosa S.A., is seeking to restructure its debt through a €220 million facility to further its biomass power generation business. The green loan received an S&P Global Ratings Green Evaluation overall score of E1/79, reflecting that biomass’ potential to  play …

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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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Turning the golden state green: S&P Global Ratings’ Michael Ferguson writes on green bonds issuances in California for CEM

Despite regulatory uncertainty at the federal level, California is driving an ambitious transformation of its energy sector.  With utility companies mandated to produce half of their electricity from renewable sources by 2030, the state’s energy overhaul has been powered by wind and solar subsidies, and – more recently – by battery technology advances. However, sustained …

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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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