International development

ReNew Successfully Commissions Its First Interstate Transmission Scheme (ISTS) Project Following Investment From Norfund and KLP

Retrieved on: 
Thursday, November 16, 2023
Sustainability, Alternative Energy, Energy, Environment, EBITDA, Climate Investment Funds, Safety, Investment, Collection, MVA, Government, Standard, Climate, Wind, AIS, Partnership, ISTS, CTU, KV, KLP, International development, RNW, ICRA, Electric power, Renewable energy, ReNew, Koppal, PGCIL, Gadag-Betageri

ReNew (“ReNew”, RNW, RNWWW: NASDAQ), India’s leading decarbonization solutions company, has commissioned its first interstate transmission project, the “Koppal Transmission Scheme”.

Key Points: 
  • ReNew (“ReNew”, RNW, RNWWW: NASDAQ), India’s leading decarbonization solutions company, has commissioned its first interstate transmission project, the “Koppal Transmission Scheme”.
  • Following the commissioning of the 1,500 MW Koppal Transmission Scheme, the remaining transmission for 3,500 MW is expected to be completed by June 2024.
  • Following the announcement, an agreement was signed yesterday on the second joint investment in the transmission sector with Norfund, the Norwegian Government’s Investment Fund for developing countries, and KLP, Norway’s largest pension company, through their joint company KNI India AS.
  • The investment by Norfund and KLP in ReNew’s transmission projects is in line with ReNew’s farm-down strategy, enabling ReNew to add further capacity.

The Coca-Cola Company Announces Participation in Two Investor Events

Retrieved on: 
Monday, November 13, 2023
Supply Chain Management, Retail, Convenience Store, Restaurant, Bar, Supermarket, Food, Beverage, The Coca-Cola Company, Conference, International development

The Coca-Cola Company announced today that its executives will speak at two investor events in November and December.

Key Points: 
  • The Coca-Cola Company announced today that its executives will speak at two investor events in November and December.
  • John Murphy, President and Chief Financial Officer, will present at the Redburn Atlantic CEO Conference on Nov. 28 at 10 a.m.
  • The company invites investors to join webcasts for these events at coca-colacompany.com/investors .
  • Downloadable files, as well as transcripts, will be available within 24 hours after the events on the company’s website.

OPEC Fund approves over US$600 million in new financing for global development

Retrieved on: 
Thursday, December 14, 2023
Agriculture, National road, Vocational education, Food security, Investment banking, Travel, Sustainability, Food, Tourism, Bed, Fishery, Rehabilitation, Health, Development, Private sector, Transport, Student, Farmer, International development, Education, Economic development, Carbon, Policy, Port, Resilience, City, Renewable energy, Financial services, Bank

VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.

Key Points: 
  • VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.
  • The 18 new projects reflect the OPEC Fund's commitment to advancing sustainable social and economic development in its partner countries.
  • OPEC Fund Director-General Abdulhamid Alkhalifa said: "In 2023 we continued to strengthen our impact and increase commitments in support of sustainable social and economic development in our partner countries all across the globe.
  • Liberia: A US$20 million loan will support the Mano River Union Road Development and Transport Facilitation Project (Liberia Section).

OPEC Fund approves over US$600 million in new financing for global development

Retrieved on: 
Thursday, December 14, 2023
Agriculture, National road, Vocational education, Food security, Investment banking, Travel, Sustainability, Food, Tourism, Bed, Fishery, Rehabilitation, Health, Development, Private sector, Transport, Student, Farmer, International development, Education, Economic development, Carbon, Policy, Port, Resilience, City, Renewable energy, Financial services, Bank

VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.

Key Points: 
  • VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.
  • The 18 new projects reflect the OPEC Fund's commitment to advancing sustainable social and economic development in its partner countries.
  • OPEC Fund Director-General Abdulhamid Alkhalifa said: "In 2023 we continued to strengthen our impact and increase commitments in support of sustainable social and economic development in our partner countries all across the globe.
  • Liberia: A US$20 million loan will support the Mano River Union Road Development and Transport Facilitation Project (Liberia Section).

Minister Guilbeault reaffirms Canada's commitment to global climate action and continues to push for a strong outcome at COP28

Retrieved on: 
Tuesday, December 12, 2023
Momentum, Carbon, Kunming-Montreal Global Biodiversity Framework, Climate change, Government of Canada, Global stocktake, Natural Resources, Pledge, Global cooling, Powering Past Coal Alliance, Global carbon reward, Climate, Biology, Guilbeault, International, The Honourable, Government, European, Methane, Environment, COP29, Federation, Biodiversity loss, Biodiversity, Organization, Partnership, Paris Agreement, Publishing, International development, Life, COP26, Developed country, Joint, COP28, Economy, Global biodiversity, Survival, Renewable energy, Agriculture, Nature, Health

At COP28, all countries came together to address the triple crisis of climate change, biodiversity loss, and pollution and push for ambitious outcomes.

Key Points: 
  • At COP28, all countries came together to address the triple crisis of climate change, biodiversity loss, and pollution and push for ambitious outcomes.
  • Canada advocated to secure ambitious outcomes to keep the Paris Agreement goal of limiting warming to 1.5 ºC within reach.
  • In addition, Canada is collaborating with partners to ensure that COP28 results in new guidance for countries to make progress on adaptation.
  • Canada is making significant contributions to the global effort to fight climate change to ensure a healthier planet for generations to come."

Government of Canada launches online questionnaire to gather input for 2024 Annual Report on Sustainable Development Goals

Retrieved on: 
Friday, December 8, 2023
Sustainable development, Empowerment, Woman, Social, Sustainable Development Goals, Government of Canada, Climate change, PST, Indigenous peoples, International, Annual report, Risk, The Annual Report, Government, Private sector, SDG, Social change, Education 2030 Agenda, Hearing, International development, Education, United Nations, Tourism, Renewable energy

To participate in the online questionnaire and contribute to a more sustainable future, visit: https://www.canada.ca/en/employment-social-development/programs/agenda-2...

Key Points: 
  • To participate in the online questionnaire and contribute to a more sustainable future, visit: https://www.canada.ca/en/employment-social-development/programs/agenda-2...
    "The Sustainable Development Goals (SDGs) provide us with a roadmap to build a stronger, safer and more inclusive Canada, for everyone.
  • This online questionnaire gives Canadians a chance to be heard as we prepare to share our progress with the world through the 2024 Annual Report.
  • The Annual Report showcases Canada's progress domestically and internationally toward implementing the 2030 Agenda and advancing the SDGs.
  • The Government of Canada is delivering on its commitment to regularly and transparently report to Canadians on Canada's progress toward achieving the SDGs.

Climate Adaptation and Resilience Financing Is Critical to the Survival of the Planet and Brings Significant Economic Potential

Retrieved on: 
Thursday, December 7, 2023
BCG, GRP, Climate change, USAID, Developed country, COP28, Climate, Food, Investment, EMD SDP40F, Boston Consulting Group, Private sector, Health, Water, Growth, Private, International development, Environment, Pharmaceutical industry, Creative industries, Risk

DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- The climate crisis is no longer theoretical. Increasingly certain and worsening impacts of climate change are resulting in hundreds of billions of dollars in economic losses annually, and affecting lives, livelihoods, and economies around the world. Global leaders and businesses are beginning to recognize the urgent need to invest in climate adaptation and resilience alongside mitigation—particularly in the regions most vulnerable to climate impacts. However, there remain immense needs for adaptation and resilience finance, with the private sector currently only contributing a small fraction.

Key Points: 
  • Global leaders and businesses are beginning to recognize the urgent need to invest in climate adaptation and resilience alongside mitigation—particularly in the regions most vulnerable to climate impacts.
  • However, there remain immense needs for adaptation and resilience finance, with the private sector currently only contributing a small fraction.
  • "The business case for adaptation and resilience has been elusive and entry points have been unclear," said Rich Lesser, BCG's Global Chair.
  • Their engagement provides the catalytic financial instruments, enabling environment and technical assistance needed to de-risk investments and enable private financing for adaptation and resilience.

Subway® Names Courtney Hindorff as Managing Director of Subway Canada

Retrieved on: 
Tuesday, December 5, 2023
Recipe Unlimited, East Side Mario's, Recipe, Swiss Chalet, New York Fries, Harvey's, International development, Hindorff, Subway (restaurant), Tunnel, Subway

TORONTO, Dec. 5, 2023 /CNW/ - Subway, one of the world's largest restaurant brands, today announced the appointment of industry veteran Courtney Hindorff as Managing Director of Canada.

Key Points: 
  • TORONTO, Dec. 5, 2023 /CNW/ - Subway, one of the world's largest restaurant brands, today announced the appointment of industry veteran Courtney Hindorff as Managing Director of Canada.
  • "It is with great excitement that we welcome Courtney to Subway Canada," said Douglas Fry, President of Subway North America.
  • "Subway Canada is a transformative brand and leader in the quick-serve restaurant space that continues to redefine success and meet evolving guest needs," said Hindorff.
  • Subway Canada has over 2,900 Subway restaurants, which are all independently owned and operated by Subway franchisees.

The United States and Nordic countries launch joint funding initiative to increase climate investments in emerging and developing markets: World Climate Foundation

Retrieved on: 
Monday, December 4, 2023
Ministry, Climate change, Investment fund, Energy transition, USAID, Developed country, COP28, Developing country, United, Investment, Climate, Blended finance, Government, IMCA, Climate Investment Funds, Private sector, International trade, Foreign Affairs, Biodiversity, Development, Partnership, Operating partner, News, International development, Renewable energy, Sida

World Climate Foundation is acting as IMCA's Operating Partner, with support from the Climate Investment Coalition.

Key Points: 
  • World Climate Foundation is acting as IMCA's Operating Partner, with support from the Climate Investment Coalition.
  • At today's launch, IMCA issued a call for proposals under the PREPARE Adaptation Finance Window, an initiative under the USAID Climate Finance for Development Accelerator.
  • World Climate Foundation is proud to be acting as Operating Partner of the Investment Mobilization Collaboration Arrangement (IMCA); to deliver on climate investment objectives in developing and emerging economies.
  • We look forward to utilizing our expertise in facilitating public-private sector collaboration to catalyze critically needed climate finance at scale."

The United States and Nordic countries launch joint funding initiative to increase climate investments in emerging and developing markets: World Climate Foundation

Retrieved on: 
Monday, December 4, 2023
Ministry, Climate change, Investment fund, Energy transition, USAID, Developed country, COP28, Developing country, United, Investment, Climate, Blended finance, Government, IMCA, Climate Investment Funds, Private sector, International trade, Foreign Affairs, Biodiversity, Development, Partnership, Operating partner, News, International development, Renewable energy, Sida

World Climate Foundation is acting as IMCA's Operating Partner, with support from the Climate Investment Coalition.

Key Points: 
  • World Climate Foundation is acting as IMCA's Operating Partner, with support from the Climate Investment Coalition.
  • At today's launch, IMCA issued a call for proposals under the PREPARE Adaptation Finance Window, an initiative under the USAID Climate Finance for Development Accelerator.
  • World Climate Foundation is proud to be acting as Operating Partner of the Investment Mobilization Collaboration Arrangement (IMCA); to deliver on climate investment objectives in developing and emerging economies.
  • We look forward to utilizing our expertise in facilitating public-private sector collaboration to catalyze critically needed climate finance at scale."