Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…
Global Sustainable Aviation Fuel Production to Double in 2025, IATA Says
The International Air Transport Association (IATA) has announced that it expects sustainable aviation fuel (SAF) production to roughly double to reach two million tonnes this year, but noted that this accounts for just 0.7% of airlines’ total fuel consumption. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural…
TotalEnergies Acquires 435 MW UK Renewables Portfolio from Low Carbon
Renewable energy company Low Carbon announced that it has completed the sale of a ready-to-build portfolio of eight solar projects with a combined capacity of 350 MW and two co-located battery storage assets with a capacity of 85 MW to France-based energy giant TotalEnergies. All projects are at an advanced stage of development, forming part of Low Carbon’s 16 GW…
Energize Capital Raises $430 Million for Climate Solutions Venture Fund
Climate solutions-focused multi-stage investor Energize Capital announced today that it has raised $430 million in capital commitments at the close of its Ventures Fund III, aimed at investing in digital technologies accelerating the energy transition. Despite a difficult climate investing environment, Energize said that the fund was oversubscribed, and was raised in just 16 months, drawing more than 80 investors, including…
IFC Invests $100 Million in TPG’s Global South-focused Climate Solutions Strategy
The International Finance Corporation announced a $100 million equity commitment to global alternative asset firm TPG’s Global South Initiative (GSI) fund, which aims to unlock climate-focused investment opportunities across emerging markets. The new GSI strategy was initially unveiled in December 2023 at the COP28 climate conference in Dubai, targeting $2.5 billion in total capital commitments. The strategy is aimed at accelerating…
STOXX, ICE Launch New Suite of Paris Agreement-Aligned Fixed Income Climate Indices
Market index provider STOXX and financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced today the launch of the STOXX ICE Fixed Income Sustainability indices, a new series of indices aimed at enabling investors to align their investments with the Paris Agreement climate goals. According to STOXX and ICE, the new indices are being launched amidst…