Multilateral Development Banks (MDBs) are ramping up their efforts to address the urgent need for urban climate finance, with a focus on bridging the annual $4.5 trillion gap required to meet climate goals by 2030. The effort comes as cities around the world demand more direct funding and strategic integration of their climate p...
AIIB and NIB Forge Partnership to Accelerate Low-Carbon Infrastructure Investment
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Green Finance
The Asian Infrastructure Investment Bank (AIIB) and the Nordic Investment Bank (NIB) have entered a strategic partnership aimed at scaling sustainable infrastructure investments globally. The memorandum of understanding (MoU), signed by AIIB President Jin Liqun and NIB President and CEO André Küüsvek, marks a significant collabo...
Iberdrola Sets New Benchmark with World’s First Dual-Compliant Green Bond
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Green Finance
Iberdrola has made sustainable finance history by issuing the first-ever green bond aligned with both the EU Green Bond Standard (EU GBS) and the ICMA Green Bond Principles, raising €750 million in a landmark deal that highlights investor confidence in high-integrity ESG instruments. The 10-year bond,...
EMSTEEL Launches Green Finance Framework to Drive Low-Carbon Transition
EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, has launched its inaugural Green Finance Framework, setting the stage for sustainable financing aligned with its net-zero ambitions. The framework enables the company and its subsidiaries to issue a variety of green financial in...
India Unveils Climate Finance Taxonomy to Unlock $2.5 Trillion by 2030
In:
Green Finance
India’s Ministry of Finance has introduced a draft framework for its Climate Finance Taxonomy, aiming to mobilize up to $2.5 trillion in investments by 2030 for climate-aligned sectors. The framework, which will be open for public and expert comments until June 25, 2025, seeks to accelerate capital flow toward sectors that align...
BII Invests $100M to Boost ReNew’s Solar Manufacturing in India
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Green Finance
ReNew Energy Global Plc has secured a $100 million investment from British International Investment (BII) to expand its solar cell production capacity in India. This marks BII’s first foray into the country’s solar manufacturing sector, highlighting the growing importance of India’s clean energy infrastructure. The investment...