World Bank arm invests $60 mln to decarbonise Indonesia’s second largest steel producer
The World Bank’s International Finance Corporation (IFC) has provided a loan of $60 million to the second largest steel producer in Indonesia in order to help the firm transition to low-carbon production and drive sector-wide decarbonisation.
Read MoreFintech startup ties up with Dubai marketplace to sell asset class carbon credits
A startup focused on exchange-traded carbon investments has tied up with a Dubai-headquartered e-marketplace firm to offer voluntary credits to its clients.
Read MoreBrazilian startup releases pre-print biodiversity credit methodology for endangered species
A Brazilian startup released on Wednesday the first version of its biodiversity credit methodology for endangered species, predominantly focused on plants, after implementing a two-month trial on a small private land area.
Read MoreJapan provides $93 bln to support global oil and gas projects over past decade, study says
Japanese public financial institutions provided a staggering $93 billion in support for overseas oil and gas projects over the last decade, four times larger than that provided for clean energy projects, a report has found.
Read MoreInvestors ask chemical company to avoid wetland mining
Some 20 investors managing $695 billion in assets collectively have asked a chemical company to avoid mining a wetland in the US for titanium, in a letter on Tuesday.
Read MoreEU’s Ribera calls for doubling investment in electricity grids
The Spanish ecological transition minister, who is widely tipped for the European Commission’s climate portfolio, has highlighted the importance of ramping up investments in electricity grids to support the green transition.
Read MoreAU Market: Forward ACCU prices yet to factor in fundamental Safeguard demand drivers, analysis says
The mismatch between forward prices displayed in Australia’s carbon market and projected price increases is a result of fundamental demand drivers failing to be factored into the market, according to analysis published Thursday.
Read MoreSouth Korea and Japan to launch global working group on carbon-free energy
South Korea and Japan have decided to extend their collaboration and launch a global working group on the development of carbon-free energy.
Read MoreMalaysia targets net zero emissions from aviation by 2050
The Malaysian government has released a decarbonisation blueprint for its aviation sector, targeting net zero emissions by 2050, it announced Thursday.
Read MoreIBAC introduces carbon offset marketplace for aviation companies
The International Business Aviation Council (IBAC) has introduced a new platform for aviation companies to purchase offsets through a renewed partnership with a voluntary carbon exchange.
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