COP29, held in Baku, Azerbaijan, concluded after intense negotiations. While the summit delivered key agreements, divisions and frustrations underscored the challenges of addressing the global climate crisis. Here’s a comprehensive...
A contested proposal The Azerbaijani presidency at COP29 revealed a draft plan urging wealthy nations to lead a $250 billion annual financing initiative by 2035. This figure, termed the “new...
The Inter-American Development Bank (IDB) and its private sector arm, IDB Invest, are accelerating their climate and environmental sustainability efforts across Latin America and the Caribbean. By 2030, they plan...
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...
Cape Town, South Africa, served as the vibrant backdrop for the 2024 Earthshot Prize, where five remarkable winners were announced at a star-studded event hosted by Billy Porter and Bonang...
Energy Transition Infrastructure: A Growing Investment Opportunity Since 2014, energy transition infrastructure has attracted $892 billion in capital commitments. Nearly a quarter of these funds have flowed into specialist funds,...
The CDP‘s latest report, Nurturing Nature: De-risking Nature-based Finance in Asia, explores the pressing need for increased private-sector participation in nature-based financing. As biodiversity loss and climate challenges threaten up...
Key Impact Points: Colombia is in discussions with Germany for a debt-for-nature swap to support its ambitious $40 billion plan to transition from fossil fuels and enhance environmental conservation. Foreign...
The world’s energy landscape is shifting rapidly, making it crucial for banks to rethink their strategies. While fossil fuels still dominate, the global momentum towards clean energy is undeniable. This...
LSEG’s Commitment to Transition Finance The London Stock Exchange Group (LSEG) has contributed to the latest Glasgow Financial Alliance for Net Zero (GFANZ) publication, titled “Case Studies on Transition Finance...
The Asian Development Bank (ADB) has committed to dedicating 50% of its annual lending to climate finance by 2030, significantly increasing its previous target of 35%. This forms part of...
Amancio Ortega, the founder of Zara, is making waves in the renewable energy sector. His investment firm, Pontegadea, nearly tripled its investments in renewable energy projects last year, allocating €693...
The energy crisis, exacerbated by Russia’s invasion of Ukraine, has led to soaring household bills and massive profits for some of the world’s largest energy companies. A new report by...
Australia has officially approved SunCable’s ambitious Australia-Asia Power Link (AAPowerLink), a $13.5 billion solar power project that will export renewable energy from the Northern Territory to Singapore via a 4,300...
Qantas has become a foundational investor in the Silva Carbon Origination Fund, joining industry giants Rio Tinto and BHP. Managed by Silva Capital, a joint venture between Roc Partners and...