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Tag: climate finance
• Abu Dhabi leverages policy, capital markets, and cross border partnerships to scale climate finance across emerging and developed economies• ADSFF convenes global investors, regulators, and innovators to accelerate investment...
• COP30 ended without a roadmap to phase out coal, oil and gas, despite support from more than 80 countries.• Governments backed climate finance ambitions of $1.3 trillion annually for...
• Countries agreed to mobilise at least $1.3 trillion annually by 2035 for global climate action, with adaptation finance set to triple.• The loss and damage fund moves into a...
• Negotiators enter the midpoint of COP30 with core issues split into separate tracks, raising questions over whether a unified deal can still emerge.• Indigenous leaders intensify pressure on Brazil’s...
The global banking group HSBC Holdings plc has published an updated Net Zero Transition Plan (NZTP), reaffirming its objective to become a net zero bank by 2050. Yet the move...
By ESG News Staff San Francisco–based Perigon Wealth Management has acquired Gitterman Wealth Management and Gitterman Asset Management, two New Jersey–based firms known for their focus on climate-aware investing. The...
Long-Term Climate Credit for High-Risk Economies Climate Fund Managers (CFM), MUFG Bank, FinDev Canada, and the Green Climate Fund (GCF) have achieved a $600 million first close for the GAIA...
• France’s new development minister Eleonore Caroit says Paris will continue backing the World Bank’s 45% climate finance target despite U.S. opposition.• The Trump administration is pressing the lender to...
• British International Investment’s (BII) $60 million investment supports the $510 million Green Investment Partnership (GIP) under Singapore’s FAST-P framework.• The initiative aims to close Southeast Asia’s $210 billion annual...
A Coalition Unravels The UN-backed Net-Zero Banking Alliance (NZBA), once the flagship coalition of global lenders committed to decarbonizing finance, has ceased operations following a membership vote. The decision closes...
Toronto’s first Climate Week is bringing together investors, business leaders, policymakers, and innovators to explore how climate action is reshaping markets and creating new opportunities. With dozens of sessions happening...
Record Commitments from Berlin Berlin has confirmed it provided €11.8 billion ($13.81 billion) in international climate finance during 2024, a record outlay designed to strengthen developing countries’ ability to respond...
Climate finance and technology innovation drove this week’s ESG headlines. China overhauled its green taxonomy to boost transition funding, Germany approved a bill to fast-track carbon storage, and the EU...
Mobilizing $1.3 trillion in annual climate finance by 2035 is no longer aspirational—it’s essential. The Net-Zero Asset Owner Alliance (NZAOA), a coalition of 86 institutional investors with $9.2 trillion in...
A first-of-its-kind international coalition led by Singapore, the United Kingdom, and Kenya will issue shared global principles to strengthen voluntary carbon markets and scale climate finance ahead of COP30 in...
Africa is positioning itself as a frontrunner in global carbon markets, with the launch of the Africa Carbon Support Facility (ACSF) at the African Development Bank Group’s high-level dialogue on...
Multilateral Development Banks (MDBs) are advancing efforts to scale up urban climate finance, signaling increased commitment to cities on the frontlines of the climate crisis. At the roundtable “Scaling Sustainable...
Patch has launched a new digital platform to transform how companies source, purchase, and manage carbon credits, aiming to unlock billions in much-needed climate finance. Designed for Chief Sustainability Officers...
The Global Innovation Lab for Climate Finance (the Lab) has unveiled its 2025 cohort, selecting nine new financial mechanisms designed to stimulate private investment for sustainable growth in emerging markets....
Columbia Climate School is launching the first Master of Science in Climate Finance in the U.S., in collaboration with Columbia Business School. This one-year interdisciplinary degree aims to equip professionals...
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$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...
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...
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...
Welcome back to the ESG News Week In Review! To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email newsletter, subscribe here. ESG NEWS SMART READ OF THE...
Carbon markets hold immense potential to propel corporate climate action, but significant adaptations are necessary to unlock their full potential. Businesses play a pivotal role in achieving global climate goals....
Collaborative projects with the Brazilian Development Bank and Brazilian financial institutions aim to support Brazil to deliver its G20 Presidency climate finance priorities and ambitious climate goals UN Secretary-General’s Special...
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...
A new Commonwealth e-learning course launched will improve the ability of small and other vulnerable states to access billions of dollars in climate finance. The Commonwealth Secretary-General, The Rt Hon...
Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally. The...
With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world...
Small-scale farmers and agribusinesses are on the front lines of two global battles: one to ensure food security and the other against climate change. As small-scale agriculture provides 35% of...
EU Climate Commissioner and Chief COP28 Negotiator Wopke Hoekstra met with COP28 President Designate Dr Sultan Al Jaber to discuss the preparations for COP28, which will take place in Dubai, United Arab...
A joint report by multilateral development banks published today finds that MDB climate finance reached a record high in 2022. The announcement comes as delegates meet in Marrakesh, Morocco, for the World...
The Africa Carbon Markets Initiative (ACMI) has drawn hundreds of millions of dollars in pledges from governments, businesses, and financial institutions, as African leaders seek to mobilize climate finance for...
IFC is joining forces with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon...
GAIA – a proposed $1.5 billion climate and blended finance platform projected to reach nearly 20 million direct and indirect beneficiaries across 25 developing and emerging countries – prepares to...
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country’s...
The US, Japan and other countries will offer a climate finance deal worth as much as $20 billion to help Indonesia shift its coal-dominated power grid away from the polluting...
The Indian government’s first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects, as Asia’s third largest economy attempts to tap the...
Namibia said at the COP27 summit on Tuesday that it had secured over 540 million euros ($544 million) in climate finance from the Dutch government and European Investment Bank. One of the...
In 2021, the European Union and its 27 member states committed €23.04 billion in climate finance from public sources to support developing countries to reduce their greenhouse gas emissions and adapt to the...
The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a draft communique from a...
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