Transition Finance

               
Swiss government renews its contribution to the Green…
Switzerland will contribute 135 million Swiss francs over the next four years to support the Green Climate Fund (GCF), which helps developing nations take concrete…
               
Power supplier TVA to shut down 9 coal-fire…
In a press release on Tuesday, power supplier Tennessee Valley Authority (TVA) announced its decision to retire the Kingston Fossil Plant and construct an energy…
               
Citi says 40% energy clients lack greenhouse gas…
Nearly half of the energy companies Citi Bank provides lending to lack strategies for reducing greenhouse gas emissions, as disclosed in a climate report released…
               
Morgan Stanley’s asset management arm eyes $1 billion…
According to individuals familiar with the situation, Morgan Stanley's asset management division intends to secure a minimum of $1 billion for a new fund focused…
               
Transition finance key to achieving Southeast Asia’s net-zero…
Experts suggest that Southeast Asia has the potential to lead the global push towards achieving net-zero emissions, contingent upon the region's ability to secure over…
               
Global investment firm appoints specialized team to identify…
Permira, a global investment firm, has established a dedicated team to identify investment opportunities in the climate transition sector. 
               
Bank of America expands energy transition business amid…
Bank of America (BofA) is ramping up efforts to expand its presence in the energy transition sector, aiming to bolster carbon trading and increase its…
               
Blended finance key for India’s $1 trillion climate…
India requires approximately $1 trillion by 2030 to fulfill its climate change adaptation objectives. To mobilize private investments, India will need to pursue blended finance.
               
Former coal plant in Queensland to transform into…
In a move towards sustainable energy, a former coal plant in Queensland, Australia, is undergoing a transformation into a Tesla Megapack, set to become a…
               
JPMorgan, BlackRock backs out of biggest climate-investor group
JPMorgan Asset Management and State Street Global Advisors announced on Thursday that they are pulling out of Climate Action 100+. 
               
Chile seeks European investment for green energy transition
Chile is actively seeking European investors to support its transition to renewable energy sources like solar, wind, and green hydrogen. 
               
Hong Kong government issues HK$6 billion digital green…
The Government of the Hong Kong Special Administrative Region (HKSAR) has issued approximately HK$6 billion in digital green bonds, showcasing a groundbreaking integration of fintech…
               
Surge in fossil fuels challenges banks’ path to…
For investors who are trying to understand how well banks are sticking to their promises to reach net-zero emissions, changes in climate predictions caused by…
               
Ahmedabad Municipal Corporation accepts bids for debut green…
India's Ahmedabad Municipal Corporation has successfully accepted bids totaling Rs 200 crore ($24.1 million) for its inaugural green bonds, with a maturity period of five…
               
South Korea steel giant Posco raises $500 million…
Posco, South Korean steel giant, has achieved a significant milestone by securing $500 million through a three-year US dollar green bond, as disclosed in a…
               
US, China chart new climate plans post veteran…
US and China, the world’s biggest two greenhouse gas emitters are charting a new climate plan as John Kerry and Xie Zhenhua, stepped down from…
               
India’s SBI raises $250 million through green bonds
State Bank of India (SBI), the largest lender in India, has declared the successful completion of placing $250 million in senior unsecured Green floating rate…
               
World’s biggest banks report $3 billion from green…
The largest global lenders collectively earned about $3 billion in fees in 2023 by facilitating debt for deals positioned as environmentally sustainable, as per Bloomberg's…
               
Hong Kong explores digitally native green bonds using…
Hong Kong is venturing into the realm of distributed ledger technology (DLT) by contemplating the launch of green bonds managed through this system. This step…
               
Apax closes $900 million fund to boost sustainable…
Apax, a private equity advisory firm, declared the final closure of the Apax Global Impact Fund (AGI), securing $900 million.
Woodside’s shareholder rejects climate plan

Woodside’s shareholders on Wednesday voted against the company’s climate plan, halting its plan for new fossil fuel projects and dealing a significant blow to Australia’s […]

Calls mount for accelerated action on sustainable finance taxonomy in Canada

In two separate open letters released recently, advocates have urged the Canadian federal government to expedite the development of a sustainable finance taxonomy aimed at […]

Australian securities regulator urges firms to prepare for mandatory climate disclosure rules

Joe Longo, Chair of the Australian Securities and Investments Commission (ASIC), has underscored the necessity for Australian businesses to ready themselves for forthcoming mandatory climate […]

Scotiabank’s 2024 Net Zero Research Fund calls out for grant submissions

Scotiabank, one of Canada’s largest multinational banking firms in Toronto, revealed its call for grant submissions. The Net-Zero Research Fund is open to organizations within […]

Biden administration announces $7 billion grants for residential solar projects on Earth Day

In a landmark move coinciding with Earth Day, the Joe Biden administration unveiled a $7 billion initiative aimed at facilitating the installation of residential solar […]

Climate bonds standard expands certification to promote deforestation-free agri-food chains

In response to the urgent need for sustainable agri-food systems amidst climate change and biodiversity loss, the Climate Bonds Standard has broadened its Certification to […]