The U.S. Department of Energy announced that it has terminated $3.7 billion in grants awarded to clean energy projects under the Biden administration through the Office of Clean Energy Demonstrations (OCED), claiming that the prior administration “failed to conduct a thorough financial review,” and that the projects were not economically viable. In all, the DOE said that 24 awards were…
Further cuts have been made at Newton Investment Management including the role of global head of sustainable investment and several fund manager roles. The group confirmed Therese Niklasson, global head of sustainable investment, has left the group and confirmed her role will not be replaced. “We can confirm Therese Niklasson will be leaving Newton Investment Management,” a statement said. ”Sustainable…
A few years ago at Davos, the term polycrisis entered the global lexicon, describing a world where multiple crises interact in unpredictable and complex ways. Today, we’re witnessing something even more intense: a shift from polycrisis to ‘hypercrisis’, where these crises don’t just intersect, they accelerate one another, creating cascading effects that are increasingly difficult for companies and investors to anticipate or…
Sustainable bond maturities are set to peak in 2026 at $389bn, with medium-term debt issued in and around 2019 coming due along with recently issued shorter-term debt. But this peak appears to be manageable, according to the latest analysis from S&P Global. The sustainable debt market has sufficient liquidity, in S&P Global’s view, to meet near-term refinancing needs, even if issuance slows down in…
The Revenues for Nature (R4N) project has announced support for an initial seven investment models designed to unlock up to $200m for nature restoration and conservation. Achieving global nature goals requires an additional $200bn to be mobilised annually, with the private sector expected to play a crucial role in closing this gap. Yet its contribution remains limited – most nature-related funding…