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LATEST ARTICLES
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A securitization of pay-as-you-go electricity bills to fund wider access to electricity in Côte d’Ivoire could spark copycat social bonds for affordable housing, telecoms, electricity access and more.
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The cost to the government of supporting the Mexican oil firm’s debt could rise to 1.5% of GDP in 2025. Could it walk away?
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Regulators are starting to take a more messaging-based approach to sustainable finance, but stopping greenwashing won’t automatically lead to a transition to net zero.
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The commodities firm still needs large banking groups and a range of options when it comes to supporting its operations.
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Ahead of COP28, the sector needs to focus on lending for energy efficiency in the emerging markets before climate tech startups in developed markets, if decarbonization is the goal.
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Farmland acquisition for transition agriculture has proved attractive to the climate-focused investment management franchises of large asset managers. Will real-asset investors follow suit?
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Overall volatility in commodities markets may have dropped from the highs of last year, but uncertainty in specific sectors continues to put pressure on corporate hedging strategies.
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Trade and currency wars have boosted Brazil’s agribusiness sector in the past couple of years. Higher prices for soft commodities have, however, accelerated a trend that has been noticeable for many years: the country’s inward focus.
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The green transition is boosting demand for key metals and Africa’s commodity markets are under pressure to increase extraction. But buyer awareness of Scope 3 emissions means that processes need to be cleaned up and fast.
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Standard Chartered’s new chief sustainability officer is not shying away from the reality of what the energy transition looks like in emerging markets.
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Risk-sharing mechanisms could help drive confidence in the voluntary carbon market, but insurance products are scarce.
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Solar thermal technology could offer cheap carbon-free heat for manufacturers. But tech developers are stuck in a financing gap between venture capital and project finance that will be harder to fill after recent bank failures.
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Commodity trading could deliver further hefty profits for banks, led by Goldman Sachs, but there are multiple risks as well as opportunities for dealers.
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Restrictions on upstream oil and gas financing aren’t the silver bullet that the sector needs to achieve its climate goals.
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Strong collective-action campaigns might hurt some banks' reputations, but they will do little to convince those institutions to change their energy policies.
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COP27 placed green hydrogen production at the top of the global net-zero agenda. Banks want to fund this technology, but energy supply, cost and regulatory uncertainty are jeopardizing its future as the decarbonization solution for hard-to-abate sectors.
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New opportunities in oil and gas as supply is reoriented away from Russia highlight the question of how quickly cuts to financed emissions will match banks’ enthusiasm for growth in clean energy.
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Brazil’s agribusiness sector is booming on the back of sky-high commodity prices. The public banks that have long financed the sector now face a wave of new private-sector competitors.
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European banks have raced far ahead of their US peers on sustainability. But the continent is now facing an energy emergency, creating pressure from some corners to reverse investment declines in oil and gas. Can Europe’s banks remain frontrunners in sustainable finance in today’s fragile geopolitical environment?
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Fossil fuel assets were set to become obsolete in the transition to net zero. But the war in Ukraine is forcing European governments to secure alternative energy sources and driving demand for coal, oil and gas back in the wrong direction. With the global energy transition seemingly pitched against national energy security agendas, banks are trying to navigate a difficult path through the turmoil.
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The pandemic and the war in Ukraine have brutally exposed the fragility of global supply chains.
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Anti-ESG boycotts are unlikely to cross the Atlantic.
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While Germany fires up its coal-burning power stations once more, it’s almost as if the country itself is protesting.
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If Russia stops the gas this winter, the damage to European banks will be worse than Covid, and Germany will be at the centre of the storm.
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Corporate bond deals in euros are now a rarity as issuers and investors struggle to judge the new price of credit.
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Despite some notable challenges, Latin American currencies could continue to surprise in the second half of the year.
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Banks want to capitalize on the surge in green capex borrowing as corporates rush to decarbonize. Cost inflation has increased the risks involved but not the long-term benefit of carbon reduction.
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The idea of capping the price of Russian oil and gas exports sounds good in theory, but it might be better to test methods for energy rationing.
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Markets are trading interest-rate expectations over actual rate decisions – proving the power of market sentiment.
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Spikes in shipping prices have hit mid- and lower-tier commodity trading companies at a time of bank caution.
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Almost half of the Australian group’s record profit came from the Americas this year. Will Macquarie still call Australia home?
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War-induced instability in commodity markets has been a boon for Kuwait and its banking sector. But it only serves to underscore how reliant the country still is on hydrocarbons.
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Rate rises, combined with the soaring price of oil, mean that Saudi banks enjoy unprecedented liquidity. This will accelerate the change already under way in the sector.
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A combination of geographical position and commodity strength is working in the country’s favour.
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Margin hikes are raising the table stakes in markets from commodities to stock loans. Margins may be a better risk signal than curiously subdued measures like the ViX index of equity volatility.
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Vaca muerta is an enormous oil and gas field, but it may be too late to exploit it.
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As the US takes action to tighten sanctions on Russia by banning energy imports, Europe is trying to pull together a plan to wean itself off Russian gas through greater use of LNG and renewables.
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Treasury teams across the energy sector need to make better use of data if they are to make sense of a market that is becoming more complex.
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Energy price volatility driven by war in Ukraine could deliver a windfall to banks such as Goldman Sachs that retain scale in commodity trading. Profits from dealing can also be made without triggering ESG or sanctions-related pain.
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As COP26 winds up, Euromoney looks at how a big reduction in fossil-fuel consumption might impact the currencies of the world’s leading coal and oil exporters.
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Gas price volatility is delivering profits to speculators. It is a reminder that carbon trading markets could face PR problems if energy dealers are viewed as big beneficiaries.
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The rising price of oil and gas in this recovery underlines the need for much greater investment in clean energy.
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Sustainable finance and renewable energy are becoming more important for the French firm, as it reduces its emphasis on equity derivatives.
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Fintechs are caught in a brutal competitive squeeze between losses on businesses they are good at and the urgent need to offer new ones.
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The country’s model of financing relentless consumption from dwindling oil revenues is under attack from all sides. Covid-related credit relief has hit the banks’ bottom lines and they are joining the call for diversification.
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There are hopes that the innovation will assist with financial inclusion. But is gold ownership the way to achieve this?
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Utility and energy companies have tapped strong demand for hybrid bonds to protect their ratings.
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The Australian financial services company has announced a profit guidance upgrade prompted by a win from its commodities business thanks to the crisis in Texas. It’s a bad look, but it illustrates both a complex and flawed market, and a bank with a great eye for a niche.
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Fraud, commodity prices and concerns over defaults have created a perfect storm for commodity trade finance – and the capacity of trading firms and finance funds to support the market remains unclear.
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Banks and traders tout efficiency and the trust benefits of a new fintech platform, but key absentees mitigate the hoped-for 'network effect'.