World Bank Group

IDB Invest and IFC Launch the Amazon Finance Network to Mobilize Private Investments for Sustainable Development

Retrieved on: 
Tuesday, December 5, 2023
Red–green coalition (Norway), Organization, World Bank Group, Natural Resources, Amazon, COP28, IDB, Public sector, Partnership, Poverty, Economic development, Creative industries

DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- During COP28, IDB Invest and IFC announced the launch of the Amazon Finance Network, bringing together financial institutions to increase investment flows, mobilize capital, promote financial inclusion, share knowledge on innovative financial solutions, and generate synergies with the public sector.

Key Points: 
  • DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- During COP28, IDB Invest and IFC announced the launch of the Amazon Finance Network, bringing together financial institutions to increase investment flows, mobilize capital, promote financial inclusion, share knowledge on innovative financial solutions, and generate synergies with the public sector.
  • 24 financial institutions in 10 countries (US, Spain & Switzerland) to support the Amazon via private investments.
  • We are excited to join forces with the IFC, and all the members of the Amazon Finance Network, to deliver innovative financial solutions and support a vibrant Amazon economy while protecting its natural resources," said James Scriven, IDB Invest CEO, during the launch ceremony at COP28.
  • The Amazon Finance Network is part of IDB's Amazonia Forever Program and will complement the public sector bank group, the Green Coalition, to promote synergies between the public and private sectors.

THE BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING APPOINTS JULIE MONACO AS NEW CHAIR OF THE BOARD OF DIRECTORS

Retrieved on: 
Monday, December 4, 2023
Woman, World Bank Group, Lincoln City Women F.C., Society, International, Public, MIGA, History, American Banker, Ecosystem, The Business Council, Public sector, Capital market, American Bankers Association, MBA, Global Leadership Awards, Citibank, GIC, Bias, George Washington University, DEI, Workplace, Education, Management, Citigroup, New York University, James Nevels

"I am honored to lead the BCIU board during this crucial moment in the organization's important history," said Monaco.

Key Points: 
  • "I am honored to lead the BCIU board during this crucial moment in the organization's important history," said Monaco.
  • "With over 68 years of dedication to advancing global economic progress, BCIU fosters a profound understanding of the international business environment by facilitating dialogue between governments and businesses.
  • As chair, Monaco will lead a board that utilizes BCIU's extensive member ecosystem to create impact and promote international understanding.
  • Monaco will participate in her first annual meeting with the board as chair on December 5.

GLOBAL CENTRE LAUNCHED TO ACCELERATE CLIMATE FINANCE

Retrieved on: 
Monday, December 4, 2023
Climate change, HSBC, Global stocktake, UN, Investment, Chairperson, Research, Emirate, Growth, Development, GCFC, COP, Sustainable finance, Policy, ESG, School, Disclosure, GFANZ, Organization, ADQ, Innovation, Financial centre, Economic development, System, Partnership, Paris Agreement, BlackRock, World Bank Group, Developed country, COP28, Special edition, Private sector, Abu Dhabi Global Market, Environment, Thought, Renewable energy, Cryptocurrency, Masdar

Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy

Key Points: 
  • Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy
    New knowledge hub to house world-leading research, advisory and skills academy to pioneer new forms of climate finance and establish Abu Dhabi as a leading global marketplace
    Nine global founding members confirm membership including ADGM, ADQ, BlackRock, CIFF, GFANZ, HSBC, Masdar, Ninety One, and the World Bank Group
    DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally.
  • The announcement of the GCFC coincides with another landmark climate finance development, the launch of ALTÉRRA, a US$30 billion catalytic climate vehicle that will drive forward international efforts to create a fairer climate finance system with an emphasis on improving access to funding for the Global South.
  • CIFF is pleased to be partnering with the Global Climate Finance Centre, which can bring transparency and ambition to investors' transition finance targets and delivery and align that capital with NDCs."
  • The UAE has the capital, the capability and the ambition to serve as a global climate finance hub.

GLOBAL CENTRE LAUNCHED TO ACCELERATE CLIMATE FINANCE

Retrieved on: 
Monday, December 4, 2023
Climate change, HSBC, Global stocktake, UN, Investment, Chairperson, Research, Emirate, Growth, Development, GCFC, COP, Sustainable finance, Policy, ESG, School, Disclosure, GFANZ, Organization, ADQ, Multimedia, Innovation, Financial centre, Economic development, System, Partnership, Paris Agreement, BlackRock, World Bank Group, Developed country, COP28, Special edition, Private sector, Abu Dhabi Global Market, Environment, Thought, Renewable energy, Cryptocurrency, Online shopping, Masdar

Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy

Key Points: 
  • Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy
    New knowledge hub to house world-leading research, advisory and skills academy to pioneer new forms of climate finance and establish Abu Dhabi as a leading global marketplace
    Nine global founding members confirm membership including ADGM, ADQ, BlackRock, CIFF, GFANZ, HSBC, Masdar, Ninety One, and the World Bank Group
    DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally.
  • The announcement of the GCFC coincides with another landmark climate finance development, the launch of ALTÉRRA, a US$30 billion catalytic climate vehicle that will drive forward international efforts to create a fairer climate finance system with an emphasis on improving access to funding for the Global South.
  • CIFF is pleased to be partnering with the Global Climate Finance Centre, which can bring transparency and ambition to investors' transition finance targets and delivery and align that capital with NDCs."
  • The UAE has the capital, the capability and the ambition to serve as a global climate finance hub.

Countries, Companies Signal Support for Energy Transition Accelerator

Retrieved on: 
Sunday, December 3, 2023
SCALE, Energy transition, McDonald's, PepsiCo, United, Rockefeller Foundation, Mastercard, Element, Climate, Trane Technologies, Jeff Bezos, Conference, Environmental Defense Fund, Winrock International, Electricity, Bank of America, Government, GFANZ, Bank, Amazon, Climate Policy Initiative, International Energy Agency, Health, COP27, Letter, Schneider Electric, Salesforce, Morgan Stanley, Coalition, Partnership, EnergySolutions, World Bank, Carbon, Policy, World Bank Group, Developed country, COP28, Boston Consulting Group, Private sector, ETA, EDF, Standard Chartered, CPI, Cryptocurrency, Renewable energy, Walmart

"The Energy Transition Accelerator brings a market-based solution to the table, in turn unlocking billions of dollars for clean energy.

Key Points: 
  • "The Energy Transition Accelerator brings a market-based solution to the table, in turn unlocking billions of dollars for clean energy.
  • EDF is proud to have developed the Just Transition Framework for the Energy Transition Accelerator, guiding it toward a holistic approach with justice and equity at its core."
  • "The Energy Transition Accelerator can make a vital contribution to this transition by mobilizing a new source of climate finance, serving to bring together companies and others seeking to buy high-quality carbon credits with developing countries that are poised to invest.
  • The Department of State, the Bezos Earth Fund, and The Rockefeller Foundation are collaborating for the purpose of developing the Energy Transition Accelerator as an independent initiative.

Waste Disposable Units Global Market Report 2024 - A $12 Billion Market by 2024

Retrieved on: 
Friday, December 1, 2023
World Bank, International Solid Waste Association, Kyoto Protocol, National Green Corps, Developed country, FWD, GDP, Recycling, Urbanization, Municipal solid waste, United States Intelligence Community, Marketing, Health, Hygiene, Partnership, Water, DNI, Growth, Electricity, Population growth, Environment, World Bank Group, United Nations, UNEP, Renewable energy

DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Waste Disposable Units Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Waste Disposable Units Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
  • The waste disposable units market size is expected to see steady growth in the next few years.
  • The waste disposable units market is expected to experience growth driven by an increased emphasis on water sustainability.
  • As a result, the growing emphasis on water sustainability is a key driver for the waste disposable units market.

Allied Climate Partners Launches to Catalyze Bankable Climate-Related Projects in Emerging Economies

Retrieved on: 
Friday, December 1, 2023
Acquisition, Climate change, Entrepreneurship, Temasek, Investment, Map, Jeff Bezos, DFC, Local, Food security, African Development Bank, Government, DFI, MDB Tools, Monetary Authority of Singapore, Menon, BII, Arnold Ventures LLC, Climate, Money, FMO, British International Investment, International financial institutions, International Finance Corporation, Foreign direct investment, Microsoft, HSBC, Partnership, ACP, World Bank Group, Developed country, COP28, Private sector, MDB, Global Industry Classification Standard, George Soros, Development finance institution, Renewable energy, Cryptocurrency, Security (finance), Proparco, USAID

Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.

Key Points: 
  • Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.
  • "Local leaders around the world have identified a clear problem: there simply aren't enough bankable climate-related projects to deploy capital at the scale we need to address the climate crisis," said Allied Climate Partners CEO Ahmed Saeed.
  • The lack of bankable projects has long stifled climate investment in developing nations, particularly in the precarious early stages of project development.
  • That's where Allied Climate Partners comes in," said Andrew Steer, President & CEO of the Bezos Earth Fund.

Solar technology promotes global energy equity, says LONGi founder & president Li Zhenguo at APEC CEO Summit

Retrieved on: 
Friday, November 24, 2023
World Bank, Climate change, SAN, Pacific Rim, Climate, Cooking, Uber, Power plant engineering, APEC, LONGi, Conference, Operation, COP24, Electricity, World Bank Group, Environment, Sunlight, Economic development, Renewable energy

Leaders including Li Zhenguo, founder & president of LONGi Green Energy Technology Co., Ltd. (LONGi), the world leading solar technology company headquartered in Xi'an, China, and Dara Khosrowshahi, CEO of Uber, and Anna Bjerde, Managing Director for Operations, The World Bank, met the audience and talked about the international equity driven by sustainable energy.

Key Points: 
  • Leaders including Li Zhenguo, founder & president of LONGi Green Energy Technology Co., Ltd. (LONGi), the world leading solar technology company headquartered in Xi'an, China, and Dara Khosrowshahi, CEO of Uber, and Anna Bjerde, Managing Director for Operations, The World Bank, met the audience and talked about the international equity driven by sustainable energy.
  • Li Zhenguo said that the sunlight is evenly distributed on the earth and inexhaustible, which contributes to energy equity, security and environmental sustainability.
  • In 2018, LONGi proposed the concept of "Solar for Solar" at the 24th United Nations Climate Change Conference (COP24), which means "manufacturing clean energy with clean energy".
  • In the context of the current global dual crises of energy and climate, moving towards a just energy transition and sustainable future is essential for all.

Solar technology promotes global energy equity, says LONGi founder & president Li Zhenguo at APEC CEO Summit

Retrieved on: 
Friday, November 24, 2023
World Bank, Climate change, SAN, Pacific Rim, Climate, Cooking, Uber, Power plant engineering, APEC, LONGi, Conference, Operation, COP24, Electricity, World Bank Group, Environment, Sunlight, Economic development, Renewable energy

Leaders including Li Zhenguo, founder & president of LONGi Green Energy Technology Co., Ltd. (LONGi), the world leading solar technology company headquartered in Xi'an, China, and Dara Khosrowshahi, CEO of Uber, and Anna Bjerde, Managing Director for Operations, The World Bank, met the audience and talked about the international equity driven by sustainable energy.

Key Points: 
  • Leaders including Li Zhenguo, founder & president of LONGi Green Energy Technology Co., Ltd. (LONGi), the world leading solar technology company headquartered in Xi'an, China, and Dara Khosrowshahi, CEO of Uber, and Anna Bjerde, Managing Director for Operations, The World Bank, met the audience and talked about the international equity driven by sustainable energy.
  • Li Zhenguo said that the sunlight is evenly distributed on the earth and inexhaustible, which contributes to energy equity, security and environmental sustainability.
  • In 2018, LONGi proposed the concept of "Solar for Solar" at the 24th United Nations Climate Change Conference (COP24), which means "manufacturing clean energy with clean energy".
  • In the context of the current global dual crises of energy and climate, moving towards a just energy transition and sustainable future is essential for all.

IFC, T. Rowe Price to Create First Blue Bond Strategy to Support the Sustainable Blue Economy across Emerging Markets

Retrieved on: 
Monday, November 20, 2023
Momentum, Sustainable development, Climate change, World Bank Group, UN, Investment, Guideline, Private sector, Sanitation, SDG, Health, Water resources, Sustainable Development Goals, Water, Sustainable Development Goal 2, TAF, Face, T. Rowe Price, Bank, Security (finance), Renewable energy

The proposed T. Rowe Price Emerging Markets Blue Economy Bond Strategy (T. Rowe Price Blue) is expected to mobilize international capital from eligible investors to support blue-labeled investments in emerging markets globally through blue bonds issued by financial institutions and real sector companies.

Key Points: 
  • The proposed T. Rowe Price Emerging Markets Blue Economy Bond Strategy (T. Rowe Price Blue) is expected to mobilize international capital from eligible investors to support blue-labeled investments in emerging markets globally through blue bonds issued by financial institutions and real sector companies.
  • "The investor capital deployed into blue bonds through T. Rowe Price Blue will make a vital contribution to furthering a blue economy," said Makhtar Diop, IFC Managing Director.
  • "This first-of-its-kind strategy with a dedicated vehicle for blue investment will also be critical in promoting sustainable capital markets in emerging markets and developing economies."
  • The proposed T. Rowe Price Emerging Markets Blue Economy Bond Strategy will draw on IFC's leadership in the blue bond market.