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The Government of India’s first ever issuance of greenbonds met strong demand, with orders exceeding the offering size by more than 4 times, earning the bonds a 5-6 basis point “greenium,” or a favorable yield spread relative to similar issues lacking green credentials, according to results released by the Reserve Bank of India (RBI).
The Government of India will issue its first-ever greenbond this month, according to an announcement by the Reserve Bank of India, with plans to raise approximately US$2 billion to support green infrastructure projects aimed at reducing the carbon intensity of the economy. Last week, the government of Hong Kong raised US$5.8
Achieved 42% reduction in carbon emissions intensity from 2007 levels in 2021. Over S$34 million in energy savings from energy-efficient retrofitting and initiatives across all its commercial buildings from 2012 to 2021. In April 2021, its South Beach Consortium joint venture (JV) secured a five-year green loan totalling S$1.22
Achieved 42% reduction in carbon emissions intensity from 2007 levels in 2021. Over S$34 million in energy savings from energy-efficient retrofitting and initiatives across all its commercial buildings from 2012 to 2021. In April 2021, its South Beach Consortium joint venture (JV) secured a five-year green loan totalling S$1.22
Their awareness has come a long way since her joint presentation with Michael Mullan, Programme Lead, Climate Adaptation Finance and Investment at the Organisation for Economic Co-operation and Development, on how to align finance with climate resilient development “fell on deaf ears” at COP26 in Glasgow. “[At
Dr Bo Bai, Executive Chairman of MetaVerse Green Exchange, says regulation should reflect the duality of carbon credits to drive green finance growth. When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050.
COP26 in Glasgow highlighted the critical need for financial markets to be part of the solution to the climate emergency, and this partnership reinforces our commitment to enable this transition,” said Arne Staal, FTSE Russell CEO. of ESG issuance for 2021, according to the IHS Markit.
China’s 14 th Five Year Plan , which was approved in March 2021, targets a decline in energy and carbon intensity of 13.5% At the Leaders Climate Summit in April 2021, President Xi Jinping announced that China would control coal generation until 2025 when it will start to gradually phase it out. What are China’s stated net zero goals?
At COP26, Indian Prime Minister Narendra Modi pledged to reduce the country’s emissions by one billion tonnes by 2030 and promised to raise the percentage of renewables in its energy mix to 50%, growing India’s non-fossil fuel energy capacity to 500 gigawatts (GW) by the end of the decade, achieving 175 GW by the end of 2022. .
Data from the Climate Bonds Initiative reveals sovereign global, social and sustainable (GSS) bond volumes increased by 103% in 2021 raising cumulative issuance to US$193 billion compared to US$95.2 Greenbonds provided most of the additional US$97.8 This compares with €28 billion in greenbonds and €0.6
Even after the 26th United Nations Climate Change Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. Environmental, Social and Governance and sustainable finance currently are like the Wild West. Sustainable Finance Disclosure Regulation SFDR (Effective Jan.
As countries look to update their Nationally Determined Contributions (NDCs) ahead of COP26, leaders prepare to take stock of the progress made over the last 5 years and put forward new ambitious pathways. We also debated mechanisms and tools that can be implemented at the fiscal level to finance long-term strategies.
This is a clear indication to private finance, but its sub-clauses go further by making specific reference to blended finance, impact funds, greenbonds and biodiversity credits, combining with climate finance initiatives where appropriate. Further, the European Commission pledged €7 billion for biodiversity over the course of 2021-27.
Rahman graduated from Newfoundland’s Memorial University as a licensed engineer in 2017; by 2021, he was one of three Canadians appointed to the World Energy Council’s Future Energy Leaders program. The 2021 floods in my hometown of Abbotsford caused by an atmospheric river have profoundly influenced my work.
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