New EU Sustainable Fund Naming Rules Could Lead to $40 Billion Divestments: Morningstar
According to a new report released by investment research firm Morningstar, Two-thirds of funds in the EU labelled with sustainable or ESG-related terms may need to sell assets or change their names to align with new anti-greenwashing rules, with stock divestments of as much as $40 billion if all were to keep their names. Read more
At Bonn, talks hit climate finance roadblock ahead of Baku summit
Half way through the two week Bonn Climate Change Meeting, observers said there has been no progress on talks to define a new collective quantified goal (NCQG) , which is expected to define the contours of discussion at the next UN climate conference, COP29, at Baku, Azerbaijan. Read more