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Showing 21 - 30 of 63 results for "World Bank"

Australia joins COP28 gender and just transition partnership

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
... South. The country has also announced US$200 million for SDRs and US$150 million for water security. In addition, the World Bank has announced an increase of US$9 billion annually to finance climate-related projects. Following the announcement of a loss ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... Level Expert Group on Climate Finance (IHLEG) that underpinned the declaration was released at the start of COP28. The World Bank increased its climate finance target to 45% to deploy over US$40 billion per year by 2025, of which US$9 billion is additional ...

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... annually and rising. The fund does not include any mandate that wealthy nations pay into it. It will be set up under the World Bank and be reviewed every five years. 77 developing nations threatened to walk out on talks earlier this year if the bank ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... "nothing to do with compensation and liability". In a draft deal put forward this month, committee members put the World Bank in charge of a loss and damage fund for the initial four years. Clean tech is also expected to take centre stage. The UAE is ...

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... (6%) on climate change adaptation finance. The amount of private finance stood at US$51.9 billion. This came as the World Bank Group and International Monetary Fund held annual meetings in Morocco where increasing public climate finance for low and middle-income ...

New Asia-based carbon standards body promises quality carbon credits

ROSE MARY PETRASS  |  THURSDAY, 14 SEP 2023  |  NEWS
... harmonises all carbon credit data from project registries, set up by the International Emissions Trading Association, the World Bank and the Singapore Government.

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... Agreement while also defining financing coal- and peat-related activities as not aligned. The MDBs involved include the World Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank, European Bank ...

Franklin Templeton hires CalPERS exec for new global head of sustainability role

RACHEL ALEMBAKIS  |  MONDAY, 24 JAN 2022  |  NEWS
... faculty fellow and lecturer at the Yale School of Management, head of the Global Corporate Governance Forum at the World Bank, executive director of the International Corporate Governance Network and joint managing director of Pensions and Investment ...

Data challenges inhibit ESG integration in sovereign credit ratings: World Bank

RACHEL ALEMBAKIS  |  THURSDAY, 20 JAN 2022  |  NEWS
... inhibit the integration of material ESG issues into sovereign credit rating assessments, according to a report by the World Bank Group. Further, there is an "inherent tension" between the credit rating agency industry and sustainability advocates calling ...

ESG investing growing strongly in Asia: J.P. Morgan Asset Management

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 APR 2021  |  NEWS
... near the middle of this century already made up 77% of Asia's 2019 GDP and 46% of the population in 2019, according to World Bank data," Hui said. "This is a powerful market shift that will shape the investment landscape in the region. Still, Europe ...