UK green bonds fail to meet Dutch ethical investor’s standards

Wind turbines in the North Sea of the coast of Essex, UK. Picture: BLOOMBERG/CHRIS RATCLIFFETriodos Investment Management, part of a bank at the forefront of sustainable finance for decades, will not buy the long-promised debt offering next week, saying it is not green enough. While the Dutch money manager has more stringent criteria than most, that has not stopped it from investing in other sovereign green bond sales from the likes of Italy, Germany and France.

Triodos is concerned about the proceeds of the debt being used for carbon-capture technology and so-called blue hydrogen. Both are integral to the UK government’s plan to cut emissions, with the nation planning to issue at least £15bn in debt this fiscal year to finance such projects. Investment is pouring into carbon capture, involving burying carbon dioxide deep underground, yet it is controversial as it is unproven on a large scale and activists argue it could become a distraction from reducing emissions. Blue hydrogen is made from natural gas and requires byproduct carbon dioxide to be captured, whereas green hydrogen is produced from renewable sources through water.

The funding effort still leaves Britain as a latecomer to the green bond market, with most West European countries including Ireland, Spain and Belgium having sold such debt. While a boom in global sales looks set to take ethical debt issuance towards $1-trillion this year, deals in sterling remain a small fraction of that. Some market analysts expect the UK’s debut to encourage more British issuers to join in.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UAE to pour billions into UKThe United Arab Emirates will invest billions into the UK under a strategic partnership marking 50 years since its founding after British rule. Bribes UpForSale I can't stop thanking you for making me accomplish my dreams after I thought it was over for me. I give this a last shot and got my profit as promised Kristine_Thoms
Source: eNCA - 🏆 49. / 51 Read more »

UK faces winter blackouts after fire knocks out cableDamaged cable cuts power supply from France by half, leaving Britain with almost no spare capacity I wish I contacted earlier Linda__Stouffe this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person Linda__Stouffe
Source: BDliveSA - 🏆 12. / 63 Read more »

UK inflation hits 9-year high in August as food prices riseConsumer prices rose by 3.2% year on year, the highest annual inflation rate since March 2012 I entrusted Dennismayson7 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson7 and get a good mentorship and safe trading.
Source: BDliveSA - 🏆 12. / 63 Read more »

UK government raps Nicki Minaj over vaccine claimsA coronavirus briefing in Britain took an unexpected turn when the country's buttoned-up chief medical officer and prime minister found themselves talking about Nicki Minaj.
Source: IOL - 🏆 46. / 51 Read more »

UK court agrees to notify Prince Andrew about US sex caseA British court accepted a request by a woman who is suing Prince Andrew in the United States for alleged sexual assault to notify him about the case. Appreciation they say is an application for more. If I fall to acknowledge you Michael_Jeff_ it will shows how ungrateful I am. I can't be less grateful to a man who God has used in blessing me and my family in general, he is 100% guaranteed, with him your money is in safe hand
Source: eNCA - 🏆 49. / 51 Read more »

VIDEO | Gauteng Health MEC wants SA off UK red listThe Gauteng Health MEC has added her voice to calls for the UK to remove South Africa from its red list. Nomathemba Mokgethi says it's worrying that South Africa is still considered a no-go area. She says ramping up the vaccination drive will help the UK regain confidence in SA. Guess Gauteng MEC can't wait to go on holiday Appreciation they say is an application for more. If I fall to acknowledge you Michael_Jeff_ it will shows how ungrateful I am. I can't be less grateful to a man who God has used in blessing me and my family in general, he is 100% guaranteed, with him your money is in safe hand
Source: eNCA - 🏆 49. / 51 Read more »