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Initiatives
Singapore leads $5b initiative for Asian climate projects
Singapore is collaborating with global partners to amass $5 billion in funding for climate projects focused on…
EU pledges €3.5b for oceans, environment
The European Union (EU) is pledging to allocate €3.5 billion ($3.71 billion) this year for ocean protection and…
Debt swaps could unlock $100b for climate action
Debt for climate and nature swaps, a mechanism where indebted countries receive debt relief in exchange for…
Bangladesh seeks more ADB aid for climate action
Bangladesh’s Minister for Environment, Saber Hossain Chowdhury, expressed the country’s anticipation for enhanced…
EU to regulate green bond assessments
The European Securities and Markets Authority (ESMA) introduced a proposal on Tuesday to foster competitive…
Egypt inks $3M Green Hurghada project deal with UNIDO
Egypt inked an agreement on Tuesday for the Green Hurghada project, a joint venture between the United Nations…
Indonesia’s green transition includes coal-powered plants
Indonesia revised its green investment rulebook "taxonomy" on Tuesday, allowing coal-fired power plants for nickel…
UAE, Germany pact to promote development
The UAE’s Ministry of Industry and Advanced Technology and Germany’s State of Baden-Württemberg signed a joint…
Tokyo launches climate transition bonds, 1st time globally
For the first time globally, Japan held an auction for sovereign climate transition bonds on Wednesday. However,…
Carbon trading hits $949 bln in ’23 – LSEG
The value of traded global markets for carbon dioxide (CO2) permits hit a new high in 2023, reaching €881 billion…