The Week in Green


Stockholm  (NordSIP) – This week, we had the privilege to visit the residence of Estrid Brekkan, the Ambassador of Iceland, who hosted a seminar on Icelandic green bonds, organised by Fossar Markets. We we inspired by the progress made by this small economy, which is now categorised by MSCI as a frontier market.

As part of the seminar, we found out from Rejkjavik Energy CFO, Ingvar Stefánsson, about a revolutionary new technology, which will soon be featured in a new BBC documentary by David Attenborough “Climate Change – The Facts”.  The technology proposed by CarbFix is equivalent pumping carbon back into the Earth and storing it there in the form of rock. The first episode of the BBC program, which is available of Youtube, reminded us of the urgency to solve the carbon capture equation, and the article we wrote on St1 foudner, Mika Anttonen‘s presentation at a conference last year.

- Promotion -

In parallel, we dug down deep into the details of carbon compensation for frequent flyers. We caught up with South Pole Sweden‘s Managing Director, Jens Olejak, who helped us understand the pricing differences for different programs. He also invited us and our readers to an upcoming seminar on May 28.

Elsewhere in the Nordics, alternatives manager, Norwegian-based Sector Asset Management announced that they signed the PRI. Further south, we noted a first AAA sovereign green bond in the Netherlands.

Picture © Shutterstock

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As climate change rises up the political agenda throughout the West and beyond, shareholders have an important role to play in limiting global fossil fuel consumption by pressuring oil companies to amend their strategies, argues Sora Utzinger.

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