APG calls on governments to support green bond market

first_imgIn addition to APG, new signatories include BlackRock and Legal & General Investment Management, Europe’s two largest institutional managers, according to IPE’s Top 400 Asset Managers 2015.Several of the signatories – including AP4, APG and the California State Teachers’ Retirement System – recently participated in a $1bn green bond issuance by the Kreditanstalt für Wiederaufbau, Germany’s state-owned development bank.As of the end of 2014, APG’s green bond portfolio accounted for 0.5% of its corporate bond holdings, or €356m, comprising bonds issued by the European Investment Bank and GDF Suez, among others.Sean Kidney, chief executive of the Climate Bonds Initiative, said there was “enormous opportunity” to deploy green bond financing and cited financing needs arising from individual countries’ pledges to reduce carbon emissions.The organisation also launched a guide in conjunction with the UN Environment Programme (UNEP), detailing how the public sector could grow the green bond market.The guide, ‘Scaling up green bond markets for sustainable development’, urged governments to develop green project pipelines to allow investors to better plan for issuances, and for participation in the Green Infrastructure Investment Coalition – an association launched this year that aims to bring together investors, governments and development banks to discuss projects.Nick Robins, co-director of the UNEP Inquiry, added that the opportunities presented by green bonds had caught the attention of policymakers.“At COP21, many discussions have centred around climate finance and the level of investment needed to bring about low carbon outcomes,” he added.“Green bond market development is seen as a real option. This report can only assist governments, policymakers and ultimately institutional investors in developing sustainable climate finance outcomes.”According to the Climate Bonds Initiative, green bond issuances so far this year have exceeded $41bn.,WebsitesWe are not responsible for the content of external sitesLink to ‘Scaling up green bond markets for sustainable development’ guideLink to Paris Green Bond Statement APG has called on governments to encourage the growth of the green bond market, arguing that a clear regulatory framework would allow it to meet its obligations to beneficiaries.The €402bn Dutch pension manager joined 26 other investors worth a total of $11.2trn (€12.1trn) in signing the Paris Green Bonds Statement, which calls for a “large and robust market that makes a real contribution to climate change”.Coordinated by the Climate Bonds Initiative, the statement is identical to one backed by Sweden’s AP funds published last year.Released as the UN climate change conference in Paris (COP21) nears its end, the statement has attracted the support of 10 new institutions, resulting in a $9trn growth in signatory assets.last_img read more

Injuries set to rob Champions League of top stars

first_img Loading… Barcelona are without Ousmane Dembele whilst Samuel Umtiti isn’t available due to an ongoing problem in his right knee. Clement Lenglet has a groin issue which leaves Quique Setien without too many options in defence, especially with Ronald Araujo also set to miss out after picking up a sprained ankle in Barcelona B’s playoff. Bayern Munich have emerged as one of the favourites to win the trophy under Hansi Flick’s stewardship, yet they could be without Benjamin Pavard who suffered an ankle sprain during training. The UEFA Champions League will return on August 7, however with an abridged version of the tournament taking place in Lisbon there are concerns that injuries could leave the competition with an absence of top stars. At the last count, Paris Saint-Germain were left panicked after the Coupe de France final saw Kylian Mbappe suffer what looked to be a rather serious ankle injury. A poor challenge by Loic Perrin left the forward with a sprained ankle, and he is now expected to miss around three weeks, a layoff which would see him facing a battle against the clock to be fit for a potential semi-final. Sergio Aguero injured his left knee on June 24, and he had to undergo surgery which saw him ruled out of the second leg against Real Madrid at the Etihad Stadium. If Manchester City can progress past Los Blancos the Argentine will be available for the remaining rounds in the tournament. Zinedine Zidane, though, has fitness headaches of his own with Eden Hazard still not fully right after a season riddled with ankle injuries. Furthermore, the news that Mariano Diaz has tested positive for COVID-19 has also thrown Los Merengues’ plans for the second leg into disarray. Thomas Partey has been one of Europe’s most consistent midfielder’s this season and is being eyed by a number of clubs, most notably Arsenal, yet he suffered a muscular injury in his thigh during the final LaLiga Santander fixture and is unlikely to face RB Leipzig in the quarter-final. Promoted Content7 Ways To Understand Your Girlfriend BetterTop 10 Most Iconic Characters On TV2020 Tattoo Trends: Here’s What You’ll See This YearWho Earns More Than Ronaldo?8 Superfoods For Growing Hair Back And Stimulating Its GrowthCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Risky Jobs Some Women Do7 Reasons Why You Might Want To Become A VegetarianSuper Recognizable Outfits That Actors Wore In The Famous MoviesBest Car Manufacturers In The WorldFantastic-Looking (and Probably Delicious) Bread ArtWhat Are The Most Delicious Foods Out There? Read Also: Video: Timo Werner first Chelsea training emerges online Paulo Dybala has emerged as one of the true success stories of Maurizio Sarri’s debut season in charge of Juventus, however the Argentine had to be substituted in the recent clash against Sampdoria after feeling discomfort in his left adductor. There will be a wait to know the full extent of that ailment, although he has a high chance of taking part in Juventus’ second leg against Lyon. FacebookTwitterWhatsAppEmail分享 last_img read more