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Category: Emerging Markets
$1.48 Billion GAIA Platform Launched to Address Climate Finance Gaps At COP29, FinDev Canada, MUFG Bank, Green Climate Fund (GCF), and Climate Fund Managers signed a Memorandum of Understanding to...
A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a year to combat natural disasters and security crises facing their populations,...
At COP29 in Baku, Azerbaijan, IBM and Sustainable Energy for All (SEforALL) announced new AI-powered tools designed to guide sustainable urban development globally. These tools, launched as part of the...
At COP29 in Azerbaijan, a significant early pledge emerged as major development banks, including the World Bank, committed to raising climate finance to $120 billion annually by 2030. This figure...
Key Impact Points: Global Decarbonisation Slows Fitch Ratings’ latest report reveals that despite progress in advanced economies, the overall pace of global decarbonisation remains alarmingly slow. World CO2 emissions rose...
Key Impact Points: The Asian Infrastructure Investment Bank (AIIB) has announced a significant commitment of $100 million toward climate transition investments in emerging Asia. This includes $75 million allocated to...
Driving Sustainable Growth in Emerging Markets The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC Asset Management (HSBC AM) have deepened their partnership by establishing...
The World Bank Group and partners launched the Sustainable Finance Knowledge Center for Francophone Africa. This virtual platform, available in English and French, is designed to empower companies and financial...
Brookfield Asset Management has secured $2.4 billion in the initial closing of the Catalytic Transition Fund (CTF), moving closer to its goal of raising $5 billion. The fund is aimed...
IFC issues a 2.6 billion Swedish krona green bond to promote blue finance in emerging markets. The $243 million bond will finance ocean-friendly projects and improve access to clean water...
The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have increased their support for private sector renewable energy projects, boosting their combined financing to €600 million...
The EU and Angola have officially launched the Sustainable Investment Facilitation Agreement (SIFA), marking a significant step in fostering sustainable economic growth. This is the first-ever investment facilitation agreement by...
The International Finance Corporation (IFC) and Citi have unveiled a $2 billion program to bolster sustainable supply chain finance in emerging markets. The initiative, starting with a $500 million facility...
Sirona Technologies, co-founded by a former Tesla engineer, has raised a €6 million seed round to tackle the ambitious goal of removing CO2 from the air on a massive scale....
In recent years, leaders in climate-vulnerable countries have reinforced the call for urgent climate action: earlier this year through the Bridgetown Initiative 3.0 and the Vulnerable 20 (V20) Ministerial Dialogue...
The International Finance Corporation (IFC) and the IFRS Foundation have signed a strategic partnership to strengthen sustainable capital markets by improving sustainability and climate reporting in emerging markets and developing...
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments, a leading emerging...
Key Impact Points: Schroders announced the UK launch of the Schroder Emerging Markets Value Fund, addressing the increasing UK client demand for exposure to the long-term growth potential of emerging...
The Project Phase 1, which targets to replant Portulacaria afra thicket across 10,000 hectares, is being funded under a syndicated senior secured stream agreement, led by Mirova, an affiliate of Natixis Investment...
Largest single private-sector digital investment in Kenya’s history will support economic development across East Africa Microsoft Corp. and G42 on Wednesday announced a comprehensive package of digital investments in Kenya,...
A staff team from the International Monetary Fund (IMF) led by Charalambos Tsangarides, IMF mission chief for Tanzania, held meetings in Dodoma and Dar es Salaam from May 2 to...
NMB Bank Plc Becomes First Tanzanian Bank to List at London Stock Exchange NMB Bank PLC celebrates the listing of its maiden three-year US$ 73 million Sustainability Bond on the...
Antoni Ballabriga, Global Head of Sustainability Intelligence & Advocacy at BBVA and member of the EU High-Level Expert Group (HLEG) on Scaling Up Sustainable Finance in Low and Middle-income Countries,...
Summit to take place October 9-10 in Abidjan, Côte d’Ivoire, presented by Global Citizen and Bridgewater Associates Summit to support the World Bank’s IDA21 replenishment in its ambition to improve living conditions, support...
The IFC-facilitated Sustainable Banking and Finance Network (SBFN) has unveiled its 2024 Global Progress Brief and launched the innovative SBFN Data Portal, offering the most comprehensive benchmarking of sustainable finance trends and initiatives...
A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector participation in Ethiopia. Ethiopia...
Resources for the Future (RFF), the Center on Global Energy Policy (CGEP) at Columbia University’s School of International and Public Affairs and the Bezos Earth Fund, are pleased to announce...
The U.S. Environmental Protection Agency announced its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created...
In the streets of some of the world’s fastest-growing cities, a powerful shift is underway. As the sun rises, the familiar sounds of car horns and bustling crowds are joined...
The world’s climate goals hinge on accelerating policy and innovation to deploy low-carbon cement technologies in key regions. Cement: Crucial but Carbon-Heavy Cement, a cornerstone of global infrastructure, is also...
Konexa, a UK-based integrated energy development and investment platform has achieved financial close on a combined USD 18 million investment from climate-centric blended finance fund manager Climate Fund Managers (CFM)...
President Biden’s Investing in America Agenda Supports 17 Projects Across 20 States and 30 Tribal Nations and Communities, Bringing Clean Energy, High-Quality Jobs, and Energy Justice to Every Pocket of...
The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and...
IEA Executive Director Fatih Birol addressed heads of state and government from African countries and around the world on the importance of secure and sustainable energy supplies in underpinning economic...
Driven by a passion to refresh the world and make a positive difference, The Coca-Cola System operates as a global company with deep local roots. Its unique structure, employing over...
Goldman Sachs and International Finance Corporation expand partnership.First French language offering of highly successful 10,000 Women online curriculum. Goldman Sachs and the International Finance Corporation (IFC) announced the expansion of their partnership...
Key Impact Points: The International Finance Corporation (IFC) announced today a green and sustainability-linked loan (SLL) of €300 million (equivalent to $329 million) to Iberdrola. IFC’s loan will finance renewable...
Eni announces the introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters. Gas introduction has been achieved in record time– only twelve months after the final investment decision. This is a key...
Deutsche Bank has announced an increase that doubles its total local capital to IDR 10 trillion (€600 million) for its business in Indonesia. The additional investment will support the bank’s...
The four-day event brought together more than 150 national and regional policy makers to discuss how energy efficiency can drive India’s clean energy transition The International Energy Agency (IEA) held...
A new IFC investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and Africa, helping support job creation, foster GDP growth and...
As climate finance takes center stage at COP28, the Global Innovation Lab for Climate Finance (The Lab) celebrates a significant milestone: its portfolio of climate finance solutions has now mobilized over USD...
Nedbank launches R2,1 billion Green Private Power Tier 2 Bond − fuelling private sector renewable energy growth in South Africa Nedbank, a pioneer in sustainable finance solutions, has announced the...
The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) announced new capital commitments to the Emerging Market Climate Action Fund (EMCAF). The United Kingdom Foreign, Commonwealth & Development Office...
Bloomberg Philanthropies and Goldman Sachs announced that the Climate Innovation and Development Fund (CIDF) has completed allocating its $25 million in philanthropic concessional capital to help advance sustainable low-carbon economic...
Allianz Global Investors (AllianzGI), FMO Investment Management (FMO IM), and the John D. and Catherine T. MacArthur Foundation (MacArthur) announced that the SDG Loan Fund (the Fund) has successfully mobilized...
As vulnerable communities worldwide continue to suffer outsized effects of climate change, IBM is empowering innovators with cutting-edge technologies and training. Ahead of COP28, IBM announced the latest investments in its...
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced that it aims to allocate up to US$50...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial...
Nearly $6 million in grant funding awarded since program’s inception in 2010, reaching more than 290,000 students nationwide Constellation, the nation’s largest producer of clean, carbon-free energy, awarded more than...
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