The Abu Dhabi Commercial Bank P.J.S.C (ADCB) has achieved an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’, reflecting the Bank’s progress in sustainable finance initiatives, ESG due …
climate finance
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In a bid to expand Turkey’s green energy system, the Climate Investment Funds (CIF) has approved USD 70 million in funding for renewable energy development. The aim is to prepare …
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A new Oxfam report published this month outlines significant issues with the World Bank’s contribution to climate financing. The report ‘Climate Financing Unchecked: How much does the World Bank know …
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Climate finance from multilateral development banks increased to $125 billion last year, according to a new report. The 2023 Multilateral Development Bank report prepared by the European Investment Bank (EIB) …
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Policy & FinanceSpecial Reports
ActionAid – How the Finance Flows: Corporate Capture of Public Finance | Repo
A new report from ActionAid has found that climate-destructive sectors are benefiting from subsidies amounting to an average of US$677 billion in the Global South every year. According to the …
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African countries are facing a disproportionately high and increasing climate change bill, a new World Meteorological Organization (WMO) report warns. The report, published this week, outlines that African countries are …
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Breakthrough Energy Ventures (BEV), a Bill Gates-backed climate venture capital firm, has raised $839 million for its third flagship fund, BEV III. The raise, detailed in a regulatory filing, makes …
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Combatting the climate crisis requires $3 trillion in new capital each year through 2050, according to US Treasury Secretary Janet Yellen. This, she said, “can be leveraged to support pathways …
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The Helios Climate, Energy Access, and Resilience (CLEAR) Fund has raised approximately $200 million in its first close for investment focused on climate mitigation and adaptation in Africa. The fund, …
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The Global Climate Finance Centre (GCFC) and the International Renewable Energy Agency (IRENA) have formed a strategic partnership to scale climate finance and renewable energy initiatives globally. According to the …