October 23, 2023 Starting in 2026, public companies in Brazil will be required to provide annual sustainability and climate-related disclosures, according to an announcement from Brazil’s Securities and Exchange Commission (CVM) and Ministry of Finance. The new reporting requirements will be based on the sustainability and climate-related disclosure standards issued by the IFRS Foundation’s International Sustainability…

The Treasury department of the Australian Government has announced its proposed Sustainable Finance Strategy. The strategy aims to support the mobilization of private capital needed to finance the transition to a net zero economy, help firms access funding for their own transitions, and manage risks and opportunities presented by climate change and other sustainability issues. Key…

October 24, 2023 The Council of the European Union has adopted a regulation creating a new European Green Bond Standard (EuGB), marking a significant step towards fighting greenwashing and advancing the sustainable finance market in the EU. The new regulation sets out the requirements for issuers wishing to use the EuGB designation and includes voluntary disclosure…

October 24, 2023 New York Governor Kathy Hochul has announced a series of awards for 6.4 GW of renewable energy projects, marking the largest-ever U.S. state investment in renewable energy. The projects include three major offshore wind projects and 22 land-based projects. Once completed, these projects are expected to generate enough electricity to power over 2.5…

September 22, 2023 His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country's new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York. The plan marks Ghana's commitment to fighting climate change and fostering economic development in tandem. It details a credible pathway for how Ghana can…

UN Secretary-General António Guterres has called on investors who move much of the world’s money to set increasingly ambitious targets and adopt specific plans for achieving net-zero carbon emissions. “The private sector has a crucial role to play in building a more equitable and sustainable world. Our simple objective for 2021 is to make sure that…

September 20, 2023 The U.S. Environmental Protection Agency (EPA) launched $4.6 billion in competitive grants to fund state, local, and Tribal programs and policies that cut climate pollution, advance environmental justice, and deploy clean energy solutions across the country. As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, EPA’s Climate Pollution…

September 14, 2023 S&P Global Ratings has updated its analytical approach for use of proceeds Second Party Opinions (SPOs) to provide more transparency to investors in the sustainable bond market. The updated approach combines important features of the methodologies of S&P Global Ratings and Shades of Green, a science-based assessment of sustainable finance projects.…

September 10, 2023 As a gathering of G20 leaders in India concludes on Sunday, the Prime Minister has announced the UK’s biggest single financial contribution to helping the world’s most vulnerable people adapt to and mitigate the impact of climate change. The UK will contribute £1.62 billion ($2 billion) to the Green Climate Fund (GCF), which was…

1 week ago In the relentless battle against climate change, innovative approaches to reduce carbon dioxide emissions have become paramount. While efforts to reduce emissions from industries and transportation continue, scientists and environmentalists are increasingly turning their attention to carbon capture and removal technologies. Among these emerging solutions, Singapore has taken a pioneering step by expanding…

September 1, 2023 The Biden administration on Thursday announced a financing package of more than $15 billion aimed at supporting the transition to electric vehicles, including $10 billion in loans and $2 billion in grants to help automotive manufacturers convert factories to produce EVs. Key criteria for applicants to the new program include the retention of jobs,…

August 23, 2023 Three projects being developed by Green Hydrogen Company (GHECO), a joint venture formed earlier this year by Schroders Greencoat and Carlton Power, have been progressed to bilateral negotiations in the first hydrogen allocation round (HAR1) of the UK Government’s Net Zero Hydrogen Fund. The projects, each originated by Carlton Power, represent part of GHECO’s…