MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $500 million loan to support Indonesia’s energy sector reforms to boost fiscal sustainability and governance, expand private sector investments in clean and renewable energy, and promote green recovery from the coronavirus disease (COVID-19) pandemic. ADB will also administer a $15 million loan for the […]
CAREC Ministers Endorse New Green Recovery, Food Security, and Clean Energy Cooperation Initiatives – EQ Mag
MANILA, PHILIPPINES : Countries in central and west Asia have endorsed three new cross-border cooperation initiatives to help accelerate the region’s recovery from the COVID-19 pandemic, improve food security, and boost the development of clean energy. “The pandemic showed that health shocks can have large macroeconomic impacts with significant social costs,” ministers from the Central […]
Southeast Asia Green Recovery Can Create More Than 30 Million Jobs by 2030
MANILA, PHILIPPINES : A green recovery from the COVID-19 pandemic in Southeast Asia has the potential to create $172 billion in investment opportunities annually and generate more than 30 million jobs by 2030, according to a new Asian Development Bank (ADB) report. Implementing a Green Recovery in Southeast Asia considers how green growth can help […]
Partners Pledge $665 Million to Support Green Recovery in ASEAN – EQ Mag Pro
GLASGOW, UNITED KINGDOM : Four partners have collectively pledged $665 million toward a platform managed by the Asian Development Bank (ADB) that aims to mobilize an additional $7 billion for low-carbon and climate-resilient infrastructure projects in Southeast Asia and accelerate the region’s recovery from the coronavirus disease (COVID-19). The funding, which was announced at COP26 […]
IFC Makes Equity Investment in Federal Bank to Promote Green Recovery
Accordingly, IFC, along with two investment funds managed by IFC Financial Institutions Growth Fund, and IFC Emerging Asia Fund, has made an equity investment for a 4.99 per cent stake in Federal Bank Limited (FBL). Global funding agency International Finance Corporation (IFC), along with its associated entities, has made equity investment in Federal Bank to […]
Plans For 20 New Electric Vehicle Charging Points in Dundee Approved
Plans to install 20 new electric vehicle charging points in Gellatly Street car park have been approved by the Dundee City Council. The new charging points will be powered by a set of solar panels, all of which will be installed on the roof of the multi-storey car park. The application was first submitted by […]
Investing in infrastructure for a ‘green recovery’
Asset managers must understand the impact of climate change on their portfolios. Doing so can result in a more sustainable built environment that supports decarbonization technologies. he issue of climate change is still with us, writ large. With many countries and companies committing to achieve net-zero greenhouse gas emissions by 2050 or earlier, and many private […]
COVID-19 green recovery plans driving credit divergence across Asia-Pacific: Moody’s
While it would create credit challenges for oil refiners and operators of captive coal power plants, it added New Delhi: COVID-19 green recovery plans will help drive credit divergence in the Asia-Pacific region leading to increased focus on environmental, social and governance factors, according to a report by Moody’s Investor Service released on Wednesday.While it […]
Nepal’s roadmap for green recovery from Covid-19
Green recovery with social harmony and cohesion can be a utopian concept unless existing structural inequalities are addressed at the same time. Nepal recently restated its commitment to green growth and recovery during Climate Ambition Summit and on the same day the Government of Nepal and Development Partners(DPs) agreed in a joint statement to work […]
A Blueprint for American Climate Action and a Modern Clean Energy Economy
On this week’s Political Climate, we dig into a new analysis on how to put the U.S. on a path to deep decarbonization and economic growth. The past few years have been a mixed bag for climate. U.S. emissions declined to their lowest level in three decade this year, but these reductions came at an […]