Category: Green Finance
Estimated reading time: 2 minutes Today, the OPEC Fund for International Development (the OPEC Fund) announced a $21 million loan to support a sustainable water supply project in Rwanda. The new loan will help expand the Karenge Water Supply System Project, benefiting the population of Kigali and the surrounding Rwamagana District. The OPEC Fund loan […]
Estimated reading time: 2 minutes Britain announced on Monday its plan to introduce a new import carbon pricing system by 2027. This initiative will impose a levy on goods imported from countries with a lower or nonexistent carbon price, in an effort to support decarbonisation. The government explained that the carbon border adjustment mechanism (CBAM) […]
Estimated reading time: 2 minutes Standard Chartered, a leading international bank specialising in cross-border finance, has arranged €533 million of financing, with the support of the African Development Bank (AfDB), for the Ministry of Finance and Budget of the Republic of Côte d’Ivoire. This financing initiative will provide funds for sustainable projects as part of […]
Bank ABC (Arab Banking Corporation B.S.C) has concluded a €24.9 million sustainability-linked credit arrangement for Saudi Paper Manufacturing Company, a publicly traded company on the Tadawul (SPM 2300). The financing, endorsed by the Italian Export Credit Agency via SACE, spans a five-year term with accompanying order notes. A ceremonial signing took place at Bank ABC’s […]
Estimated reading time: 3 minutes European Union officials commenced pivotal discussions on Tuesday to establish regulations aimed at fostering domestic production of green technology equipment, including those used in solar and wind power, as well as fuel cells. The initiative is designed to enhance the competitiveness of European industry against its counterparts in China and […]
Estimated reading time: 3 minutes The International Finance Corporation (IFC), part of the World Bank Group, together with the Japan International Cooperation Agency (JICA), has completed the provision of a $400 million green finance package to BBVA in Peru. This initiative is designed to bolster sustainable building and energy efficiency projects across the nation. Initiated […]
Estimated reading time: 2 minutes CarbonChain has introduced a new solution for emissions reporting, aimed at both mandatory and voluntary disclosures, enhancing its specialised carbon accounting software for the supply chains of commodities. CarbonChain, a platform utilising AI for carbon accounting and offering companies comprehensive insights into emissions throughout their supply chains, has unveiled CarbonChain […]
Oil major BP intends to “fundamentally reset” its green energy strategy after reporting a sharp decline in profits.
