Category: Global News
During the EU-CELAC Summit of Heads of State and Government, the European Investment Bank (EIB) announced the signature of its first ever residential mortgage-based loan to finance access to energy efficient...
Addressing the urgent need for climate infrastructure investment Export finance delivers long-term debt financing guaranteed by official export credit agencies. Export finance allows project sponsors to significantly reduce the cost...
A targeted IFC investment aims to increase access to residential mortgages in Romania while helping mitigate climate change and strengthen the country’s banking sector. IFC is providing EUR 100 million...
At the EU-CELAC Summit in Brussels the EU and Argentina have taken a further step in their energy cooperation with the signature of a MoU. Signed by European Commission President...
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Banco Santander (Brasil), the largest foreign bank in Brazil, have signed an agreement to foster the use of...
The EU Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe’s...
During the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government, the European Investment Bank (EIB) will announce the signature of several loans to...
Apple joined Acumen in a new effort to support social enterprises in India to improve livelihoods through clean energy innovation. Through the Energy for Livelihoods Accelerator, Acumen experts will lead a...
Ahead of the seventh Ministerial on Climate Action, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, on behalf of the Honourable Harjit S. Sajjan, Minister of International Development and...
The Volkswagen Group and its Elli brand became the first automotive company to start trading on the German electricity market of Europe’s largest power exchange, EPEX Spot. The basis for...
Iberdrola, one of the world’s largest renewable energy companies, and Vodafone, the largest pan-European and African telecoms company, have signed new clean PPA in Spain and Portugal, adding to a recent agreement...
MEPs approved new rules on more alternative fuel stations for cars and trucks, simple and easy recharging, and on cleaner maritime fuels. The new rules are part of the “Fit for...
Netherlands-based provider of autonomous charging solutions for electric transport Rocsys BV has signed a €18 million quasi-equity deal with the European Investment Bank (EIB). The agreement will provide Rocsys with financing...
MEPs approved plans, already agreed with Council, that set new energy saving targets for 2030, as part of the European Green Deal. The law will set energy-saving targets in both primary and final energy...
The Asian Development Bank (ADB) and Energy Market Authority (EMA) of Singapore have signed a MOU that paves the way for the development of renewable energy generation and transmission across...
Schroders is announcing the UK onshoring of the Global Sustainable Food and Water Fund. Initially launched in October 2021, this latest move looks to increase the level of accessibility to...
The joint venture between Plenitude and CDP Equity continues to expand through new plants with a total capacity of up to 200 MW. The photovoltaic farms are set to be...
The European Commission has approved, under EU State aid rules, the modification of a Dutch scheme to reduce greenhouse gas emissions. The scheme will further contribute to achieving the Netherlands’...
Key takeaways Why this mattersFor more than a decade, the “Deloitte Global Chief Procurement Officer (CPO) Survey” has served as an industry benchmark, revealing insights into the forces shaping procurement,...
On June 30, 2023, Copenhagen Infrastructure Partners (CIP) reached first close on its fifth flagship fund Copenhagen Infrastructure V (CI V) at EUR 5.6 billion in capital commitments received –...
Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships,...
As Singapore’s energy transition gains momentum, the clean energy industry is poised to experience significant workforce growth over the next decade. Results from the Energy Market Authority’s (EMA) Energy Sector...
The EU Commission is proposing rules to make producers responsible for the full lifecycle of textile products and to support the sustainable management of textile waste across the EU. This initiative will accelerate the...
The European Investment Bank (EIB) has granted a €62 million loan to Azienda Mobilità Trasporti Turismo e Territorio S.p.A. (AMT3) to promote the transition to sustainable mobility with low environmental impact...
More than 300 new electric vans from Rivian will hit the road in Germany in the coming weeks The state-of-the-art vehicles provide drivers with an entirely new working environment, including...
Moray West, a major offshore wind farm development 22km off the coast of the Moray Firth, is expected to supply 50 percent of Scotland’s electricity, which will generate enough power...
Portugal has more than doubled its 2030 goals for installed capacity of solar energy and electrolysers to produce green hydrogen, as it aims to decommission natural gas-fired power plants by...
United Nations Secretary-General Antonio Guterres on Monday called for agreement to reach net zero greenhouse gas emissions by 2050 at crunch shipping talks in London this week and urged decarbonisation...
Endesa, ICO and the European Investment Bank (EIB) have joined forces once again to boost the rollout of renewable energy in Spain. To this end, Endesa CEO José Bogas, ICO...
The University of Hong Kong (HKU) has taken a significant step towards addressing global environmental challenges by signing a MoU with Fudan University and The University of Sydney. This collaboration...
The World Bank’s Board of Executive Directors approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India promote low-carbon energy by scaling up...
The World Bank’s Board of Executive Directors approved $67.7 million to help finance the first phase of the Kyrgyz Renewable Energy Development Project that aims to increase renewable energy generation...
OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement for the purchase of several projects for the construction of photovoltaic parks in Teleorman county. The projects are being...
The World Bank Board of Directors approved a US$150 million loan to promote investment in green hydrogen projects in Chile, accelerating the country’s green growth, energy transition and supporting its...
Fifty years ago, Plant Rosslyn was the BMW Group’s first foreign facility. It has since become a mainstay of the global production network. To mark its silver jubilee, Milan Nedeljković,...
The Asian Development Bank (ADB) approved a $1 billion loan to help establish a city-wide public transport project in Davao City, the first project in the country to deploy electric...
The Monetary Authority of Singapore (MAS) launched a public consultation on an industry code of conduct for providers of ESG ratings and data products. This is part of a proposed...
Germany and South Africa on Tuesday agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa’s huge renewable resource potential to meet 2050...
Turkey’s first and only carbon trading platform, Erguvan (erguvan.co), has offset the carbon emissions of airport operator TAV in Ankara, Izmir and Enfidha. TAV supported two Verra-licensed projects, one of the leading...
In March 2023, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Global Green Growth Institute (GGGI) and the Securities and Exchange Regulator of Cambodia...
The World Economic Forum launches at the 14th Annual Meeting of the New Champions in Tianjin a new report that outlines a roadmap for China to develop its market for green...
The International Finance Corporation (IFC), a member of the World Bank Group, announced the signing of a green and sustainability-linked loan to ENGIE Energía Chile. This financing, for a total...
The Secretariat of the Climate Data Steering Committee, Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have signed a MoU to collaborate on strengthening access by stakeholders around...
The report, adopted with 46 votes in favour, 41 against and 1 abstention, sets stricter 2030 limit and target values for several pollutants including particulate matter, NO2, SO2 and O3...
Australia has green-lit plans to build a A$51 million ($34 million) renewable hydrogen plant in Victoria state, Energy Minister Chris Bowen said on Saturday, as the country moves to cut...
Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, announced that...
Finance Secretary Benjamin E. Diokno and World Bank Country Director for the Philippines Ndiamé Diop signed four (4) loan agreements amounting to US$1.14 billion on June 26, 2023 at the...
The Church Commissioners and the Church of England Pensions Board have announced that they will independently disinvest from fossil fuels. The Church Commissioners and Church of England Pensions Board each...
Today, on the occasion of the Summit for a New Global Financing Pact, which aims to build a new consensus for a more inclusive international financial system, Senegal and the...
Under an agreement announced, the International Finance Corporation (IFC), will invest up to $500 million in PT Bank BTPN Tbk, comprising a social bond and a green bond issuance. The...
The EU Commission has selected 107 transport infrastructure projects to receive over €6 billion in EU grants from the Connecting Europe Facility (CEF), the EU’s instrument for strategic investment in transport infrastructure. Over 80% of...
The United Nations Development Programme (UNDP), Global Legal Entity Identifier Foundation (GLEIF) and Monetary Authority of Singapore (MAS) signed a Statement of Intent to embark on a collaborative initiative to...
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State...
Six European companies will invest in projects worth a total of 1.2 trillion won ($929.27 million) in South Korea, spanning areas such as batteries and renewable energy, the country’s industry...
The European Investment Bank priced its first ever SEK 1 billion digital Climate Awareness Bond (CAB) using so|bond, the sustainable and open digital bond platform built on blockchain technology launched...
During the visit of Prime Minister Mark Rutte from the Netherlands and Prime Minister Mette Frederiksen from Denmark to President Cyril Ramaphosa, a Heads of Agreement has been concluded with...
Commissioner for International Partnerships, Jutta Urpilainen, announced the resumption of budget support for Zambia and launched three programmes worth €110 million under Global Gateway. The announcement was made alongside President Hakainde Hichilema...
Initiative for Sustainable Aviation Technology of Canada will support the green transformation of the aerospace industry The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of...
BBVA and IFC, a member of the World Bank Group, announced the launch of Colombia’s first blue bond at the 2023 Banking Convention in Cartagena. The first tranche is for $50...
The World Bank has approved US$250 million in financing to improve the efficiency of water services in Jordan through the rehabilitation of water distribution networks, improving energy efficiency and strengthening...
To protect Thailand’s blue economy and scale up financing for green projects, IFC is subscribing to a $400-million green and blue bond issued by Bank of Ayudhya Public Company Limited...
Parliament calls for an annual ‘EU day for the victims of the global climate crises’ to be established to remember the human lives lost due to climate change. In the...
The Environment Committee put forward its proposals to make products in the EU more environmentally friendly, circular and energy efficient throughout their lifecycle. On Thursday, the Committee on the Environment,...
LEAG to develop up to 14 GW of renewable generation paired with 2-3 GWh of energy storage and 2 GW of green hydrogen production ESS Tech Inc., a leading global...
Canada is extremely well positioned to take advantage of the economic opportunities presented by the global race to net zero. It’s up to us as a country to make the...
Maersk, a leading innovator in integrated and sustainable logistics solutions, announces a new initiative to reduce GHG emissions in hinterland container transports by purchasing 25 state-of-the-art Volvo FH electric trucks...
A new project approved by the Board of the World Bank will help increase the use of renewable energy in public facilities in Türkiye. The $549 million Public and Municipal Renewable...
The World Bank approved a $100 million credit to strengthen Zambia’s nature-based economy and increase economic opportunities in emerging tourism destinations in the country such as Liuwa Plains National Park,...
A.P. Moller – Maersk has successfully secured green methanol for the maiden voyage of the world’s first methanol-enabled container vessel. Achieving this green fuel milestone is a significant step for...
The European Commission has put forward a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework. The transition to a climate-neutral and...
All new government buildings in Norway should have solar panels from 2024 as part of a wider plan to expand the use of the technology, according to a budget deal...
China Baowu, the world’s biggest steelmaker, and Rio Tinto, the world’s largest iron ore producer, have signed a MoU to explore a range of industry leading new projects in China...
Eni signed a memorandum of understanding with Libya with the aim of studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line...
Ford opened the Cologne Electric Vehicle Center, a hi-tech production facility in Germany that will build Ford’s new generation of electric passenger vehicles for millions of European customers. Ford has...
Uruguay’s state oil company Ancap announced on Thursday a feasibility study for a new $4 billion green hydrogen project, part of a broader government plan to produce low-cost renewable energy....
The United States and the United Kingdom are announcing the Atlantic Declaration for a Twenty-First Century U.S.-UK Economic Partnership to ensure that our unique alliance is adapted, reinforced, and reimagined...
The European Union’s Modernisation Fund has disbursed €2.4 billion to 31 projects in seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions in energy, industry and...
The Inter-American Development Bank (IDB) has approved a loan to support the development of the green hydrogen industry and its derivatives in Chile. This operation seeks to help decarbonize the...
Investment management company Aquila Capital has secured a 3 billion yen ($21.5 million) loan from Japan’s Ashikaga Bank for a solar power project in Japan’s Chiba prefecture, the company said...
Soccer’s world governing body FIFA made false and misleading statements about the reduced environmental impact of the 2022 World Cup in Qatar, a Swiss regulator said on Wednesday. The Swiss...
The government of Bangladesh and the World Bank signed two financing agreements totaling $858 million to enhance climate-resilient agricultural growth, food security, and improve road safety. The $500 million Program on...
Japan plans to invest 15 trillion yen ($107.5 billion) over the next 15 years to supply the country with hydrogen, the government said on Tuesday, as it accelerates efforts to...
The European Investment Bank (EIB) has agreed to support EVN AG’s investments in wind farms with an overall capacity of 103 MW, providing 72 650 Austrian households with green electricity. The project...
Germany is planning to make around 2 billion euros ($2.1 billion) available to help fund a green steel plant that Thyssenkrupp aims to build at its base in Duisburg, one of...
Germany is launching a program that will make available tens of billions of euros for firms facing substantial energy costs, in a bid to help its challenged industrial sector fund...
Iberdrola has finalised the details of its strategic alliance with the sovereign fund of Norway, managed by Norges Bank Investment Management, to co-invest in 1,265 MW of new renewable capacity in Spain (20%...
Germany and Denmark have signed an agreement to connect at least 3 gigawatts of wind energy generation capacity on the Danish island of Bornholm to the mainland by the beginning...
On Thursday, Parliament adopted its position for negotiations with member states on rules to integrate human rights and environmental impact into companies’ governance. Companies will be required to identify, and...
During the World Circular Economy Forum (WCEF) 2023 in Helsinki, environment focussed directors from the leading Multilateral Development Banks met to discuss the topic of the circular economy for the...
To help address air pollution challenges and mitigate its health and economic consequences in the Federation of Bosnia and Herzegovina (FBiH), the World Bank approved a EUR46.10 million loan (US$50...
The World Bank approved a US$400 million loan to support the Dominican Republic Government’s measures to broaden transparency, accountability, and efficiency in the energy sector, increase access to reliable and...
Kebony Clear decking completes the sustainable credentials of a renovated open-air facility A holiday resort on the outskirts of Hanover, Germany, has recently completed renovation of a new 745m2 swimming...
RMI’s Energy Transition Academy accelerates action to advance distributed energy resources (DERs) in collaboration with the Lagos Energy Academy (LEA) and the Nigerian Electricity Regulatory Commission (NERC). NERC Commissioner, Dr...
More than 160 participants are in Singapore for the Singapore-IEA Regional Training Programme on Seizing Opportunities with Regional Power Grids. This event marks the seventh instalment of the Singapore-IEA Regional...
Plug plans to develop three green hydrogen production plants in Finland for European markets, working with multiple financial and industrial partners Plug Power Inc., a leading provider of turnkey hydrogen...
BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today released its “2022 ESG Report,” highlighting the company’s fulfillment of social...
France’s Engie and Amazon on Friday cut the ribbon of Italy’s biggest agrivoltaic farm with the aim to supply green energy to the Italian unit of the e-commerce giant. The farm, near...
Paris Mayor Anne Hidalgo said on Friday the city planned to ban single-use plastic when it holds the 2024 Olympic Games as part of efforts to tackle a global plastic...
Eurostat, the statistical office of the European Union, published the ‘Sustainable development in the European Union — monitoring report on progress towards the SDGs in an EU context, 2023 edition’,...
On Wednesday, the Environment Committee adopted its position on EU rules to further reduce pollution and steer large agro-industrial installations in the green transition. The industrial emission directive (IED) lays down rules...
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