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Showing 31 - 40 of 68 results for "climate finance"

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
At COP28 leaders are highlighting the need to make climate finance more accessible and affordable. Water featured for only the second time at a COP, and several emerging economies launched carbon market initiatives. Adaptation and inclusion COP28 saw ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... the process of developing its own sustainable finance taxonomy. According to McKinsey senior partner Cindy Levy, climate finance is seeing a global shortfall of US$55 trillion needed in the next decade to achieve net zero by 2030. Of the US$41 trillion ...

Only one sector set to meet emissions reduction targets

ROSE MARY PETRASS  |  MONDAY, 20 NOV 2023  |  NEWS
... scenario. When key dimensions such as financing are weighted more heavily, the situation appears even more dire. Climate finance flows have been disproportionately concentrated in the buildings and energy sectors, leaving other critical areas in need ...

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Climate finance by multilateral development banks (MDBs) for low-income and middle-income economies hit a new high of US$60.7 billion in 2022, up 46% from 2019, a new joint report has found. The spend included US$38 billion (63%) on climate change mitigation ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... assets under management, InfluenceMap found the firms assessed do not demonstrate active and effective backing for climate finance policy required to enable decarbonization pathways. The report also found that 86% maintain memberships to industry associations ...

World first $1.6bn Climate Bonds green loan: QIC and Vector

ROSE MARY PETRASS  |  TUESDAY, 4 JUL 2023  |  NEWS
... Climate Bonds Standard Version 4.0, QIC and Vector have demonstrated their dedication to global best practice in climate finance." QIC said the green loan attracted widespread interest, including participation across a significant lending syndicate composed ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... mitigation goals, adaptation and climate-resilient operations, accelerated contribution to the transition through climate finance, engagement and policy development support, reporting, and alignment of internal activities. AIIB said in a statement: "The ...

Time is running out: latest IPCC report says 1.5°C is "likely"

ROSE MARY PETRASS  |  TUESDAY, 28 MAR 2023  |  NEWS
... technologies. The financial industry in particular is well placed to aide in the transition. The report found that tracked climate finance for mitigation is falling short of levels needed, and both public and private finance flows for mitigation and ...

Juicing up gender equity with Orange Bonds

RACHEL ALEMBAKIS  |  TUESDAY, 21 MAR 2023  |  NEWS
... to the raging climate crisis has largely remained untapped, their empowerment a mere afterthought in the global climate finance movement. "Understanding and addressing the differentiated impacts of climate change is crucial. The livelihoods of women ...

New Forests launches ANZ forestry and agriculture fund

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
... landscape as well as position investments with alignment to sustainable productive land management, the rise of climate finance, exposure to decarbonisation outcomes, and the circular bioeconomy. "We will focus on being vertically integrated into the ...