NEWS

Macron says Mongolia to supply critical metals for green push

May 21, 2023 | Green finance markets | Mongolia | East Asia & Pacific

Mongolia has agreed to supply critical metals to France that it needs as part of its shift to a less carbon-intensive economy, Emmanuel Macron said during the first-ever visit to Ulaanbaatar by a serving French president.

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Mortgage rate cut for energy efficient homes under government-backed trials

May 19, 2023 | Green finance markets | United Kingdom | Europe & Central Asia

Homeowners in the United Kingdom (UK) who make their properties more energy efficient could see their mortgage rate cut under a new government-backed pilot. The UK Government announced £4.1 million of funding to support the rollout of 26 green mortgage pilot projects.

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India eyes nationwide use of 1% sustainable aviation fuel by 2025, says Oil Minister

May 19, 2023 | Green finance markets | India | South Asia

India plans to mandate the use of 1% of sustainable aviation fuel (SAF) for domestic airlines by 2025, oil minister Hardeep Singh Puri said, in a bid to cut emissions from the sector. Unlike the United States and the European Union, India does not have policies governing sustainable aviation fuel yet.

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Octopus Energy reaches tentacles further into Asia with £1.5 billion investment in renewables and energy tech

May 18, 2023 | Green finance markets | East Asia & Pacific

Octopus Energy will invest £1.5 billion in the Asia-Pacific energy market by 2027, helping speed up the region’s transition to a cleaner, smarter energy system. The group is planning to invest £1.2 billion into solar and wind generation in the region, with half of the money going into Japanese renewables.

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IFC Invests USD 55 Million in Nepal's Financial Sector to Support SME Growth and Green Finance

May 17, 2023 | IFC news | Nepal | South Asia

IFC's US$55 million for Siddhartha Bank Limited (SBL) will support the bank in increasing access to finance for small businesses, while also fostering climate finance in Nepal. IFC has been supporting the growth of Nepal's financial sector for the past two decades, and this is its largest investment in any financial institution in the country.

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Boeing Publicly Launches "Cascade" to Support Aviation's Net Zero Goal

May 17, 2023 | Global

In support of commercial aviation's path toward net zero carbon emissions, Boeing released the Boeing Cascade Climate Impact Model for public use. Cascade is a data modeling tool that identifies the effects of a range of sustainability solutions to reduce aviation's carbon emissions.

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S&P Global Sustainable1 Launches New Nature & Biodiversity Risk Dataset

May 10, 2023 | Green finance markets | Global

S&P Global Sustainable1 has launched Nature & Biodiversity Risk, a new dataset assessing nature-related impacts and dependencies across a company's direct operations that can be applied at the asset, company and portfolio levels.

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PRESS RELEASE | The Alliance for Green Commercial Banks Announces the Onboarding of Cornerstone Members, Global and Knowledge Partners, and the Launch of its First Thought Leadership Paper and Website

June 07, 2022 | Press release | East Asia & Pacific

Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered, have become cornerstone members of the Alliance for Green Commercial Banks (the Alliance). The Alliance brings together financial and research institutions and innovative technology providers to develop a green community in emerging markets to accelerate sustainable economic development. The Alliance also launched its first thought leadership paper, entitled “Climate Risk: Definitions, Measurement, Current Practices and Regulatory Oversight.

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The Alliance for Green Commercial Banks Hosts the “Green and Sustainable Capital Market Evolution Roundtable Session”

May 03, 2022 | East Asia & Pacific

The Alliance for Green Commercial Banks co-hosted the “Green and Sustainable Capital Market Evolution Roundtable Session” with Standard Chartered on May 3, 2022 to discuss the rapid growth of the sustainable finance market, the huge funding gap to achieve net zero, and the associated opportunities for global capital markets.

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The Alliance for Green Commercial Banks Organises the “Practitioner Talk: BUILDING a Green Future”

July 21, 2021 | East Asia & Pacific

The Alliance for Green Commercial Banks (the Alliance), co-launched by the Hong Kong Monetary Authority (HKMA) and International Finance Corporation (IFC), a member of the World Bank Group, hosted the roundtable “Practitioner Talk: BUILDING a Green Future”, virtually today (21 July).

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