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Climate Change
Climate Change November 2022
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November was a big month for the climate change sector and we at Eter would like to highlight 6 news items that stand out as 2022 draws to a close.

The first is that the International Sustainability Standards Board (ISSB) will require companies to include climate scenario analyses in their reports. These scenarios are also closely related to the climate standards and laws that are being made and that have been discussed in previous months’ posts. EFRAG, for its part, approved the final version of the European Sustainability Reporting Standards (ESRS), which set out the rules and requirements for companies to report on sustainability-related impacts, opportunities and risks.
Also linked to the previous news is another piece of news related to the European Union, which seeks to reach 100 GW of renewable energy, doubling the installed capacity by 2022. The last announcement made by the European Union was that it will invest 300,000 million euros to reduce dependence on Russian fuel.

Recovering one of the previous posts and already with the closing of the fund, Energy Impact Partners (EIP), announced in October the closing of its Deep Decarbonization Frontier Fund, focused on climate technology, reaching commitments of US$485 million and surpassing the fund’s initial target of US$350 million.
The International Partners Group (IPG), announced the launch of a Partnership for a @Just Energy Transition, aimed at accelerating and supporting the Indonesian energy sector’s shift to clean energy sources. The agreement includes mobilizing $20 billion over three to five years, half of it in public sector contributions, with the remainder to be provided by the Glasgow Finance Alliance Task Force for Sector Improvement in Indonesia. This means many changes in the Indonesian energy sector, such as limiting emissions that year to 290 megatonnes.
Lastly, Iberdrola closed this month with the issuance of a 1,500 million bond, continuing with the green bond plan it had maintained throughout the year.

Links:
https://www.esgtoday.com/iberdrola-issues-e1-5-billion-green-bond/
https://www.esgtoday.com/us-japan-led-coalition-banks-to-mobilize-20-billion-to-support-indonesia-clean-energy-transition/
https://www.esgtoday.com/energy-impact-partners-raises-485-million-for-climate-tech-fund/
https://www.esgtoday.com/efrag-approves-european-sustainability-reporting-standards/
https://www.esgtoday.com/eu-to-double-renewable-energy-deployment-to-100-gw-next-year-von-der-leyen/
https://www.esgtoday.com/issb-to-require-climate-related-scenario-analysis-under-ifrs-climate-disclosure-standard/

Climate Change
Climate Change September 2022
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Back from the summer, the month of September 2022 returned with 7 news items to highlight.
On the one hand, Santander bank is committed to becoming a world leader in green finance by mobilizing 120 billion euros by 2025 and 220 billion euros by 2030. It is also promoting different initiatives as Green Investment, such as a carbon footprint calculator, an energy simulator to improve the efficiency of homes, a collaboration agreement to provide all its car leasing customers with cars and the recycling of its debit and credit cards in multiple other initiatives.
In southern Spain, the Malaga municipality of Ayuntamiento de Benalmadena launched a campaign to get its citizens to participate in climate change mitigation actions, raising awareness of this phenomenon. The same has happened in La Rioja, which has been working on the new climate change law that affects this region.
Carbon Collective, recently announced the launch of this exchange-traded fund, which benefits 200 companies in the sectors of clean energy, electric transportation, efficient buildings, circular economy, sustainable food,and industrial electrification.
This month the European Union once again highlighted the importance of climate change on the planet because it is a reality that is occurring, causing that in the future there may be conflicts even over water. This issue is not only being addressed by the European Union, but also by the USA and Canada.
Finally, based on data from the Climate Bonds Initiative (CBI), green bond emissions worldwide will reach 271,622 million dollars in 2022, but the important thing to note above all is that 8% of GDP will be needed to decarbonize the entire world economy, which means that companies and the public sector will have to invest a large amount of capital.

Links:
https://cronicaglobal.elespanol.com/global-content/banco-santander-acompana-clientes-transicion-economia-verde_722372_102.html
https://www.malagahoy.es/provincia/Benalmadena-participacion-plan-cambio-climatico_0_1724229477.html
https://aldianews.com/es/leadership/organizaciones/contra-el-cambio-climatico
https://www.ecoportal.net/paises/defensa-comun-europea/
https://www.abc.es/antropia/abci-negocio-cambio-climatico-20220915201303_noticia.html
https://www.europapress.es/epagro/noticia-andreu-afirma-ley-cambio-climatico-situa-rioja-vanguardia-materia-legislacion-medioambiental-20220907201154.html

Climate Change
Climate Change June 2022
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Throughout the month of June 2022 making this month in total we want to highlight 3 relevant news.
On the one hand, True Green Capital Management LLC
(TGC), a private equity fund manager focused on renewable energy infrastructure, announced the final closing of its True green Capital Fund IV, with $660 million in committed capital, exceeding its $500 million target. The firm’s current investment portfolio includes utility-scale and sub-utility solar power plants.
The next news to comment on is that the consortium formed by insurance group Crédit Agricole Assurances and energy investor Energy Infrastructure Partners (EIP) have signed an agreement to acquire 25% of Spanish energy company Repsol‘s renewable energy business, Repsol Renovables, for €905 million. Repsol Renovables currently has a portfolio of more than 1.6 GW of installed renewable capacity in Spain, the United States, Chile and Portugal.
Finally, the @Government of Singapore announced the publication of its Green Bond Framework, taking another step towards its inaugural green bond issuance to help finance its green transition plan and support the development of the country’s sustainable financial market.
The government anticipated that its initial bond offering was to raise approximately SGD35 billion (US$25 billion) through green bond issuances through 2030.

Links:

https://www.esgtoday.com/true-green-capital-management-raises-over-650-million-for-renewable-energy-infrastructure-fund/
https://www.esgtoday.com/credit-agricole-eip-acquire-e900-million-stake-in-repsols-renewables-business/
https://www.esgtoday.com/singapore-prepares-to-kick-off-inaugural-25-billion-green-bond-program/

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