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Canada Announces Third Green Bond Issuance
The Government of Canada has announced plans to release its third green bond denominated in Canadian dollars this week, subject to market conditions. Having issued a 10-year, $4 billion green bond in February 2024, to which it re-opened in October 2024 for an additional $2 billion issue, Canada had
Ingka Group Unveils Net Zero Transition Plan to Cut Emissions
Ingka Group, the largest IKEA retailer operating in 31 countries, has published its Net Zero Transition Plan, outlining a clear roadmap to achieve its climate targets. The company aims to reduce absolute greenhouse gas (GHG) emissions across its value chain by at least 50% by FY30, compared to its F
Singtel’s Data Centre Arm Secures S$643 Million Green Loan for Sustainable Project
Singtel's regional data centre arm, Nxera DCT Pte Ltd., has secured a S$643 million green loan to finance its new 58MW data centre, DC Tuas, located in Singapore. The five-year green loan from a group of major banks, including DBS, OCBC, Standard Chartered, HSBC, and UOB, will support the development...
AfDB’s Adaptation Benefits Mechanism Registers on UNFCCC Platform
The African Development Bank's (AfDB) Adaptation Benefits Mechanism (ABM), will be the first and the non-market approach registered on the United Nations Framework Convention on Climate Change's (UNFCCC) Non-Market Approaches (NMA) Platform. This innovative mechanism creates a new way to mobilize pu
