BlackRock CEO Larry Fink, the world's leading asset manager, has called on all managers to align with climate goals. Do ESG metrics do that? (This photo shows Fink with the then-chairman of the New York Stock Exchange, Duncan Niederauer, at the FT CNBC Nightcap in Davos in 2014. Courtesy the Financial Times.)
There’s an elephant in the fund: Earlier this year, some of the most vocal and proactive ESG firms, each with multiple commitments towards a net-zero future, actively funded lobbying efforts against President Biden's infrastructure bill and Build Back Better Act. These bills contain some of the most assertive climate provisions...
(Photo courtesy Yale Climate Connections.) China issues and regulates billions in green bonds. But can anybody fully track the product's decarbonization progress?
More than a trillion dollars' worth of green bonds have found buyers around the world, but standards for defining what makes a bond green remain watery. How fast and how far can this technique extend before standards make it more reliably predictive of carbon savings- or before an investor loses...
Installations from the Connecticut Green Bank's Posigen program in Bridgeport, CT / Courtesy of Connecticut Green Bank
In an interview with CEFF, the Connecticut
unveiled its plans to bring to market approximately $15 to 20 million of new $1,000 face value “Green Liberty Bonds” around April 22, in recognition of the 50th anniversary of Earth Day. In a twist, the new bonds will be available...
In a dynamic discussion at the Rockefeller Institute of Government on April 18 in Albany, N.Y., financial experts explained how they “follow the puck” by observing technological and social trends as they move their funds from fossil fuels toward clean energy.
When California diverges from federal viewpoints and policy on climate change and supports the Paris Agreement’s goals, Alan Gordon, its deputy state treasurer, leverages green bonds to yield results. California is one of the world’s six largest economies. The Golden State manages massive amounts of pension assets.
