Category: Sustainable Finance
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...
Rockefeller Foundation Hosts AsiaXchange 2024: A Blueprint for Asia’s Green & Resilient Future The Rockefeller Foundation will host AsiaXchange 2024, focusing on “Accelerating Asia’s Equitable Green Transformation: Taking a Systems...
Key Impact Points: Strategic Investment in Climate Mitigation Morgan Stanley Investment Management has successfully completed funding for its ambitious 1GT climate private equity fund, securing $750 million. This fund is...
By: Stefan Malchow, Head of Sales, ESG Solutions, SAP Fioneer With the OSFI Climate Risk Management Guideline B-15 coming into effect by fiscal year-end 2024, Canada’s banks and insurance groups...
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...
BBVA and global investment firm KKR have announced a $200 million (€187 million) strategic partnership to support the decarbonization of the economy. This commitment, made during Climate Week in New...
Deutsche Bank is set to strengthen its commitment to ocean conservation under its #BackBlue initiative, implementing updated due diligence requirements in Q4 2024. These updates mark a continuation of the...
Platform to Boost Climate Finance Capacity Building Michael R. Bloomberg and Mary Schapiro introduced the beta version of the Global Capacity Building Coalition’s (GCBC) Digital Platform at the Bloomberg Global...
Fortescue and Liebherr’s Ambitious Partnership Fortescue has signed a $2.8 billion deal with Liebherr to jointly develop 475 zero-emission machines, marking a major leap towards carbon-free mining. The partnership includes...
Eurofins Sustainability Services has introduced a new deforestation impact assessment designed to help businesses comply with the European Union’s Deforestation Regulation (EUDR). The EUDR aims to stop the import and...
The Hong Kong Institute of Certified Public Accountants (HKICPA) announced the release of Exposure Drafts for the first-ever Hong Kong Sustainability Disclosure Standards, namely HKFRS S1 and HKFRS S2. These...
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...
1. Finance and the Energy Transition Roundtable September 23 | 10:00 AM – 11:30 AM EDT Hosted by: Business Council for Sustainable Energy (BCSE) and CleanCapital Global energy transition investment...
The Biden-Harris Administration, through the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED), has announced plans to provide up to $1.8 billion in funding to support the growth...
Climate Asset Management (CAM) announced the final close of its Natural Capital Fund and Nature-Based Carbon Fund, raising over $1 billion. Partnering with Apple’s Restore Fund, the funds focus on...
The European Investment Bank (EIB) Board has approved €5.3 billion in financing to boost climate resilience and bolster business competitiveness. This investment will support cities, businesses, and communities in Europe...
ING has released its Climate Progress Update 2024, highlighting how it engages with clients in transitioning to a low-carbon economy. The update reflects ING’s commitment to steering the most carbon-intensive...
Standard Chartered Bank and SEB have expanded their partnership with Puro.earth to enhance the Carbon Dioxide Removal (CDR) market. By facilitating offtake agreements for high-quality, Puro Standard-certified carbon removal credits,...
The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) wrapped up their inaugural Joint Climate Finance Conference on September 16, 2024. Held in Hong Kong, the...
Woodland Biofuels Invests $1.35 Billion in Louisiana for Renewable Fuels Toronto-based Woodland Biofuels announced a $1.35 billion investment to build a renewable natural gas (RNG) and ultra-green hydrogen facility at...
Hero Future Energies, a unit of the Hero Group, is set to invest $20 billion over the next six years to expand its renewable energy capacity nearly 16-fold, according to...
A new partnership between BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX aims to revolutionize AI infrastructure with a potential $100 billion investment. The Global AI Infrastructure Investment Partnership (GAIIP)...
Hygenco Green Energies Pvt Ltd, a leader in green hydrogen production, has signed a Memorandum of Understanding (MOU) with REC Limited to finance its Green Ammonia Project in Gopalpur, Odisha....
The Commission’s Approval The European Commission has approved Poland’s €1.2 billion (PLN 5 billion) state aid scheme, designed to drive investments in sectors crucial for the shift to a net-zero...
Carlyle has announced a strategic partnership with North Bridge ESG LLC, committing up to $1 billion to boost the origination of commercial property assessed clean energy (C-PACE) loans. This partnership...
The European Commission has approved a €682 million ($756.54 million) Belgian state aid package to support the growth of offshore wind energy. The funds will back the construction and operation...
1PointFive, a subsidiary of Occidental, has secured up to $500 million in funding from the U.S. Department of Energy (DOE) to develop its South Texas Direct Air Capture (DAC) Hub....
Germany and Australia signed a $660 million deal to strengthen green hydrogen supply chains, equally funded by both governments. The agreement aims to provide European buyers for Australia’s renewable hydrogen...
The UAE continues to make significant strides in clean energy investments, with total investments exceeding $12 billion (AED 45 billion), according to Suhail bin Mohammed Al Mazrouei, Minister of Energy...
India’s push toward clean energy just received a major boost, with $386 billion in funding commitments to help reach its target of 500 gigawatts (GW) of renewable energy by 2030....
BBVA Expands to Houston for U.S. Energy Transition Leadership BBVA Group has opened a new office in Houston, positioning itself as a key player in financing the U.S. energy transition....
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...
Allianz Global Investors (AllianzGI) has secured EUR 560mn in total commitments at the first closing of its Impact Private Credit (IPC) strategy. Key investors include Allianz, APG Asset Management, the...
Standard Chartered Leads Innovative Financing for Carbon Removals Standard Chartered is breaking new ground by providing debt financing to UNDO, a project developer specializing in enhanced rock weathering, a method...
China’s Envision Group Expands Green Hydrogen Efforts in Spain Spain has signed a $1 billion deal with China’s Envision Group to build a factory producing electrolysers, a critical component for...
HSBC Asset Management (HSBC AM) expands its private credit capabilities by launching the Global Transition Infrastructure Debt and European Senior Direct Lending strategies, further scaling its USD 6.5 billion global...
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...
Brookfield Asset Management has partnered with Infinium, the first producer of ultra-low carbon eFuels, to invest up to $1.1 billion in scaling Infinium’s sustainable aviation fuel (eSAF) and other eFuels...
The UK Financial Conduct Authority (FCA) has extended the deadline for sustainable fund marketing rules to April 2025. This extension applies to the “naming and marketing” rules designed to curb...
Novata Expands with New Sustainability Tools for Private Companies Novata, a leader in sustainability management for private markets, has launched “Novata for Companies,” a new platform designed to help private...
Robeco has unveiled its new High Income Green Bonds strategy, becoming the first asset manager to offer an Article 9 green bond strategy in the credit market. This innovative approach...
Nasdaq Dubai has welcomed a $400 million Green Bond issued by the Bank of China (Dubai Branch), part of the bank’s $40 billion Medium Term Note Programme. The bond, rated...
Equinix, the world’s leading digital infrastructure company, has issued more than $750 million in green bonds, furthering its commitment to sustainability. With these new bonds, Equinix has raised a total...
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...
Europe’s climate is changing fast, bringing extreme weather that poses significant risks to the region’s economy, environment, and health. With the continent warming at twice the global average since 1980,...
BNP Paribas Accelerates Ecological Transition with €150M Fund BNP Paribas Asset Management (BNPP AM) announced that the BNP Paribas Solar Impulse Venture Fund (BNPP SIVF) has successfully raised its minimum...
The United Nations is collaborating with the Government of Tajikistan to develop a green bond market, aiming to enhance sustainable finance in the country. The UN Economic and Social Commission...
Mirova, an affiliate of Natixis Investment Managers focused on sustainable investing, has announced the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC). The fund,...
Key Impact Points: Bank of America’s Carbon Capture DealBank of America is making a significant move into carbon capture, investing $205 million in a first-of-its-kind tax credit deal with Harvestone...
The global data center industry is expected to emit approximately 2.5 billion metric tons of carbon dioxide-equivalent through 2030, according to a recent report from Morgan Stanley. This level of...
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