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Showing 1 - 7 of 7 results for "multilateral development banks"

COP28: Australia signs Glasgow statement to end public finance for fossil fuels

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
... "In recent years, Australia has funnelled up to one-fifth of our international aid annually to multilateral development banks like the World Bank, which are still funding fossil fuel projects. Precious aid dollars should lift people in low-income countries ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... time in a COP, with a focus on water scarcity and access. The UAE contributed of US$150 million. Multilateral Development Banks committed to doubling their climate portfolio for water within three years. Over 150 businesses and investors adopted the ...

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 ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
Ten multilateral development banks (MDBs) have identified the financing activities most closely aligned with achieving the intent of the Paris Agreement while also defining financing coal- and peat-related activities as not aligned. The MDBs involved ...

MAS sustainability adviser speaks to Sinagpore/Australian collaboration

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 NOV 2022  |  NEWS
... "There are already some good examples for blended finance, particularly if you look at any of the multilateral development banks," she said. "They have some great examples. But it's not moving fast enough. We know that we need to access private capital ...

World's multilateral banks to continue focus on climate finance

RACHEL ALEMBAKIS  |  FRIDAY, 12 SEP 2014  |  NEWS
The world's six multilateral development banks will continue to "reinforce and further develop climate financing" ahead of the United Nations Secretary-General's Climate Summit later this month. The African Development Bank (AfDB), Asian Development ...

Green bonds form basis of new institutional investment funds

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
... moment, the available pool of credit-worthy green bonds is mostly limited to supranational and multilateral development banks (MDBs), forming a US$12bn market. In October, State Street Global Advisers (SSgA) announced the launch of the High Quality Green ...
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