Timeline of international climate politics

Bezos Earth Fund Announces $22.8 Million for Locally Led Restoration in Africa

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Tuesday, September 5, 2023
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NAIROBI, Kenya, Sept. 5, 2023 /PRNewswire/ -- The Bezos Earth Fund today announces $22.8 million to accelerate the restoration of two African landscapes critical for carbon sequestration, biodiversity and human wellbeing: the Greater Rift Valley in Kenya and the Lake Kivu and Rusizi River Basin in the Democratic Republic of Congo, Rwanda and Burundi.

Key Points: 
  • Bezos Earth Fund President and CEO Andrew Steer announced this funding at the Africa Climate Summit in Nairobi, Kenya.
  • The funding is part of the Earth Fund's $1 billion commitment to landscape restoration globally.
  • "Already, Africa is home to some of our planet's greatest restoration successes, and this funding will support locally led restoration to re-green our beautiful African continent."
  • Barka Fund, an African impact fund and technical assistance provider, to deliver pre and post-investment training and secure private investment in restoration enterprises.

Norsk Hydro: Second quarter 2022 - Record results and shareholder distribution, uncertain markets

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Friday, July 22, 2022
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Compared to the first quarter, Hydros adjusted EBITDA increased from NOK 11,165 million to NOK 11,594 million in the second quarter 2022.

Key Points: 
  • Compared to the first quarter, Hydros adjusted EBITDA increased from NOK 11,165 million to NOK 11,594 million in the second quarter 2022.
  • The war in Ukraine has affected second quarter growth and 2022 forecasts, with Europe being the most exposed to the resulting economic and social impact.
  • Nordic power prices increased significantly compared to the same quarter last year and are relatively stable compared to the previous quarter.
  • In the second quarter of 2022, sales were 89 percent higher year on year, supporting Hydros ambition to double sales of greener products by 2025.

Norsk Hydro: Hydro publishes green and sustainability linked financing framework

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Wednesday, July 20, 2022
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Norsk Hydro ASA has established a green and sustainability linked financing framework.

Key Points: 
  • Norsk Hydro ASA has established a green and sustainability linked financing framework.
  • Under the new framework, Hydro can issue green financing instruments and sustainability linked financial products.
  • It is in accordance to the International Capital Market Associations green bond principles and sustainability linked bond principles, as well as the Loan Market Associations green loan principles and sustainability linked loan principles.
  • The framework enables Hydro to issue green financing instruments and financial products linked to the companys sustainability ambitions and efforts.

Pure Green Foundation Demonstrates a Doable and Sustainable Nature-Based Solution and Urges Leading Businesses to Join Reforestation Efforts

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Monday, April 25, 2022
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To be more exact, we still create 51 billion tons of CO2e to the atmosphere every year.

Key Points: 
  • To be more exact, we still create 51 billion tons of CO2e to the atmosphere every year.
  • Without solving the climbing emissions, all actions, commitments, and/or actions, no matter how ambitious they are, will all be in vain.
  • "Reforestation really fixes many tangible and intangible problems and should be encouraged," said Dr. Wender Yang, founder, Hima Foundation.
  • ; SMEs gain better brand image, and fulfill their compliance targets by working together," added George Hu, Regional Representative of World Climate Foundation.