Global Renewable News

NOVEMBER 18, 2024

Highlights EBRD finances 445 MW and 315 MW solar projects in Bilasuvar and Neftchala Plants co-financed by ADB and AIIB and expected to operate from 2027 EBRD has now financed more.

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Banking Development 100

Chris Hall

NOVEMBER 22, 2024

It has become increasingly apparent that private sector support will be needed to fulfil the New Collective Quantified Goal (NCQG) – putting greater onus on the crowding-in role of multilateral development banks. The UK, it’s worth noting, recently confirmed its CBAM plans for 2027. trillion required annually.

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Banking Net Zero Clean Technology Paris Agreement 81

Chris Hall

MARCH 12, 2025

in 2024, up from just under 2% in 2023, and is predicted to grow by 5% per year between 2025 and 2027. The biggest hurdle to realising Africas renewable energy potential is infrastructure,” Jon-Pierre Fourie, Senior Director of Strategy and Investors Relations at infrastructure bank Africa50, tells ESG Investor.

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Banking Development Net Zero Logistics 81

Corporate Knights

JUNE 26, 2023

This piece of land is set to become one of North America’s largest battery farms – a facility that will house banks of high-capacity lithium-ion modules capable of storing 250 megawatts of electricity, enough to provide four hours of power to 250,000 homes. Tesla, Northland Power and Aecon are also partners.)

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Banking Net Zero Development Decarbonize 290

ESG Today

DECEMBER 14, 2022

UK bank Barclays announced today a new goal to facilitate $ trillion of sustainable and transition financing between 2023 by the end of 2030, marking a significant increase over its current targets of delivering £150bn of social and environmental financing by 2025, and £100bn of green finance by 2030.

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Banking Net Zero Impact Investing Decarbonize 109

ESG Today

NOVEMBER 28, 2023

It expects to offer engines to support a 300-mile range in 9–19 seat aircraft by the end of 2025, and up to 700-mile range in 40–80 seat aircraft by 2027. UK Infrastructure Bank and co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund led the round.

Decarbonize 116

Decarbonize Banking Net Zero Development 116

Corporate Knights

DECEMBER 5, 2023

The new regulation, which broadly aligns with a similar effort in the United States, will eliminate the equivalent of 217 million tonnes of carbon dioxide pollution between 2027 and 2040 and deliver C$12.4 a climate change advisor at the World Bank, told CBC. But “voluntary action will never be sufficient,” Stephane Hallegatte Sr.,

Climate Change 289

Climate Change Chief Sustainability Officer COP26 Net Zero 289

3BL Media

MAY 10, 2024

By Kim Borges In recognition of Earth Day, Regions is sharing a series of articles that highlight how teams and associates across the bank are contributing to our commitment to operate in environmentally sound ways that make life better for all. The numbers are staggering. But there are solutions.

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Banking Waste Logistics Development 130

3BL Media

MAY 13, 2024

By Dana Obrist In recognition of Earth Day, Regions is sharing a series of articles that highlight how teams and associates across the bank are contributing to our commitment to operate in environmentally sound ways that make life better for all. That project could see its first carbon injection as soon as 2027. “It

Banking 130

Banking Climate Change 130

Chris Hall

NOVEMBER 1, 2024

Confirmation of a January 2027 start for a UK Carbon Border Adjustment Mechanism was welcomed as providing certainty to investors over its scope. But overall, the first Labour budget for 15 years was far from an exemplar of the joined-up approach advocated by former Climate Change Committee chair Lord Deben , with the £3.4

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Net Zero Climate Change Paris Agreement Greenwashing 80

3BL Media

MAY 27, 2025

Schmidt told Congress Many people project demand for our industry will go from 3 percent to 9 percent of total generation, an additional 29 gigawatts by 2027 and 67 more gigawatts by 2030, this is at a scale I have never seen in my life in terms of energy planning. In the U.S.,

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Supply Chain Supply Chains Banking Development 130

ESG Today

JANUARY 14, 2024

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements BCG Signs Carbon Removal and Consulting Agreement with 1PointFive Electrolux Sets Science-Based Goals to Reduce Emissions from Products, Operations Whirlpool Adds Onsite Wind and Solar at U.S.

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Supply Chain Supply Chains Impact Investing Banking 109

GreenBiz

DECEMBER 14, 2020

That may seem an audacious notion from a company whose business model for well over a century has centered around bringing fossil fuels to market — and is banking on petroleum being a key, albeit declining, fuel for decades to come. One of the world’s largest oil and gas companies is betting that the future of flying is carbon-neutral.

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Carbon Offsets Net Zero Logistics Development 502

3BL Media

AUGUST 25, 2022

The sustainability-linked notes interest rate is subject to the achievement of a Sustainability Performance Target (SPT) to achieve at least a 40% reduction in absolute Scope 1 and Scope 2 GHG emissions by year-end 2027, relative to a 2018 baseline. Deutsche Bank Securities Inc., BofA Securities, Inc., Morgan Stanley & Co.

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Climate Change Chief Sustainability Officer Banking Digitalization 130

3BL Media

DECEMBER 7, 2023

More ways The Bank of Doing supports affordable and sustainable housing solutions In 2022, Wells Fargo’s Inclusive Communities and Climate Bond allocated $840.4 Heiss adds, “Food is so importantly linked to health. million to support more than 3,500 affordable units across 10 states.

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Development Decarbonize Banking 147

Envirotec Magazine

JUNE 30, 2021

Multiple initiatives have been launched: the UK Infrastructure Bank has been set up to prioritise investment in projects that tackle climate change, there are efforts to accelerate green finance, and green energy continues to receive subsidies to encourage construction and production of more renewable power. New green shoots for UK biomass.

Net Zero 105

Net Zero Supply Chain Supply Chains Shipping 105

Envirotec Magazine

JUNE 27, 2025

The package includes a commitment of £86 billion to R&D over four years, with an additional £4bn allocated to the British Business Bank, to invest in companies in these sectors. Around 7,000 British businesses are likely to qualify for this, which will amount to a £35-40 per megawatt hour reduction in their bills.

Net Zero 52

Net Zero Supply Chain Supply Chains Manufacturing 52

Chris Hall

MARCH 27, 2024

If gas demand is to fall – the IEA expects it to peak before 2030 – these projects could be at risk of generating low returns for investors,” she adds. Vietnam’s first LNG terminal has been delayed until 2027, while the Philippines has faced contractual issues for gas-fired plants due to costs.

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Paris Agreement Climate Change Divestment Banking 133

Chris Hall

NOVEMBER 3, 2023

C by 2027. The impact of green swans on financial stability was explored in a paper published by the Bank for International Settlements in 2020. “I hate to say it, but global warming has surpassed 1.5°C,” GHG emissions are still hovering around 40 gigatonnes of CO2 per annum.

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Paris Agreement Climate Change Stranded Assets Global Economy 94

Chris Hall

SEPTEMBER 4, 2024

BloombergNEF recently predicted global EV sales will exceed 30 million in 2027, rising to 74 million annually by 2040. Attributing many sales to advantageous government-backed salary sacrifice schemes, campaign group Transport and Environment has argued for their extension beyond scheduled expiry in 2027-28.

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Net Zero Manufacturing Banking Supply Chain 75

Chris Hall

APRIL 5, 2022

The report acknowledged steps the EU had taken to stimulate investment in building renovation, such as the mandatory Energy Performance Certificates and minimum energy performance standards for existing buildings from 2027. . The strongest performers provided the best data and data transparency, the report said.

Net Zero 52

Net Zero UNEP Divestment Banking 52

Chris Hall

JUNE 14, 2022

Last week’s compromise proposal, with its staggered removals, would have resulted in more emissions in the short-term, noted Samar Pratt, President of Advisory Solutions at Exiger, a provider of risk management SaaS solutions to corporations, government agencies and banks. . “It Knock-on impacts .

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Banking Net Zero Manufacturing 98

Chris Hall

DECEMBER 15, 2023

The CSDDD rules are due to come into force in 2027. The financial sector will be temporarily excluded from the full scope of the directive, although there is a review clause for future inclusion.

Supply Chain 69

Supply Chain Supply Chains Banking 69

Chris Hall

MARCH 9, 2023

Last month, the European Investment Bank (EIB) and European Commission signed guarantee agreements to mobilise up to €3.5

Development 52

Development Banking Green Bonds Impact Investing 52

Chris Hall

MARCH 12, 2025

in 2024, up from just under 2% in 2023, and is predicted to grow by 5% per year between 2025 and 2027. The biggest hurdle to realising Africas renewable energy potential is infrastructure, Jon-Pierre Fourie, Senior Director of Strategy and Investors Relations at infrastructure bank Africa50, tells ESG Investor.

Banking 52

Banking Development Net Zero Logistics 52

Chris Hall

SEPTEMBER 7, 2023

The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. Aramco announced record-breaking profits of US$161.1 billion in 2022, a 46.5% increase on the year before, in the wake of the energy crisis prompted by Russia’s invasion of Ukraine.

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Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

NOVEMBER 25, 2022

CAGR between 2021-2027, to be worth US$657 billion by the end of 2027. Per the European Investment Bank Group , the circular economy, thanks to technological innovation, would increase global resource productivity by 3%. Per MarketStudyReport , the global circular economy is set to grow by 7.8% It will also create jobs.

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Green Investing Green Bonds Waste EPA 52

Chris Hall

SEPTEMBER 7, 2023

Last year, sovereign bonds represented almost 40% of the US$100 trillion global bond market, according to the World Bank. The Institutional Investors Group on Climate Change’s (IIGCC) next version of its Net Zero Investment Framework (NZIF) will also re-evaluate its guidance for sovereign bonds, drawing on ASCOR’s work.

Net Zero 72

Net Zero Sustainable Investment Banking Development 72

Chris Hall

JULY 19, 2022

This isn’t well communicated with the public and investors,” says Luke Sussams, Head of ESG and Sustainable Finance at investment bank Jefferies. . Originally scheduled to be operational from 2017 at a cost of £18 billion, Hinkley Point C power station in Somerset has been delayed until June 2027.

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Net Zero Waste Development Supply Chain 98

Chris Hall

MAY 19, 2023

C of global warming by 2027 – was often accompanied by useful charts pointing out some of the impacts of climate change. Events this week underlined the urgency and complexity of the transition to renewable energy sources, for one sector more than others.

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Greenwashing Supply Chain Supply Chains Climate Change 52

Chris Hall

JULY 19, 2023

In a bid to become the UK’s biggest renewable energy insurer by 2027, Aviva now offers insurance for offshore and onshore wind, solar power, electric vehicle charging points, and battery energy storage systems across the UK, US and Europe. QBE has plans for expansion into emerging technologies like hydrogen.

Net Zero 98

Net Zero Climate Change Banking Manufacturing 98

Chris Hall

JUNE 30, 2023

Much of its £14 billion debt pile was built up under the ownership of Australian bank Macquarie, but its current investors – including Canada’s OMERS and the UK’s USS – have not seen a dividend since buying into the company in 2017. They’ve also agreed to fund an eight-year transformation programme to the tune of £1.5

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COP26 Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

JULY 1, 2022

The financing facility, which is supported by BNP Paribas, AXA and Deutsche Bank, uses a systematic approach to build this new financing architecture, creating an investment ecosystem for sustainable initiatives developed at scale and speed.

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Sustainable Investment Climate Change Banking Waste 52

We Mean Business Coalition

MAY 31, 2023

The bank, which has a target of 80% reduction in its oil exploration financing by 2030, also confirmed this week that it was currently on track with its climate change targets for the power generation, oil and gas, and automotive sectors. The plan aims for at least 10 million heat pumps by 2027, increasing to 30 million by 2030.

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Net Zero Banking CDP Regenerative 52

Chris Hall

SEPTEMBER 13, 2024

It covers all types of asset managers and strategies, as well as various kinds of asset owners – including insurance firms, banks and sovereign wealth funds, expanding from its traditional pension fund base. Its 2024-2027 plan , released last month, was the culmination of 18 months of intense conversations with signatories.

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Net Zero Climate Change Value Creation Greenwashing 78

Sustainability Matters

OCTOBER 5, 2023

These units can be banked on an unlimited basis until 2030, and may be traded and surrendered for compliance purposes, along with Australian Carbon Credit Units (ACCUs). Obligations for smaller Corporations Act companies will commence from 2026–27, with obligations for smaller-scale businesses applying from 2027–28 onwards.

Development 40

Development Net Zero Banking Manufacturing 40

Chris Hall

JANUARY 13, 2023

A report by the firm predicts that banks, insurers, private equity and investment managers will spend as much as US$256 million on specialist software by 2027. Verdantix , a London-based research and advisory firm, has forecast a five-fold increase in spending on carbon management by the finance industry.

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Analytics Negative Screening Paris Agreement Sustainable Investment 52