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Barbados 'set to launch $300m water-focused debt swap'
29 October 2024By Peter Cripps at COP16 in Cali, Colombia
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EU-China common ground taxonomy to be expanded at COP29
29 October 2024The EU-China Common Ground Taxonomy (CGT) is to be expanded at COP29, Ma Jun has revealed.
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Eight governments pledge over $160m to Global Biodiversity Framework Fund
29 October 2024Eight more governments have pledged an additional $163 million to the Global Biodiversity Framework Fund (GBFF) at COP16 in Cali, Colombia, including the UK, France and Germany.
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COP16: 'High-integrity' biodiversity credit framework launches - and says 'no to international offsetting'
29 October 2024A framework has been launched at COP16 to guide the growth of a "high-integrity" biodiversity credit market, with one of its key pieces of guidance being that it does not support "international offsetting".
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IDB Invest backs ground-breaking BBVA 'biodiversity bond' in Colombia
28 October 2024IDB Invest has invested in a landmark $70 million green bond from the Colombian arm of Banco Bilbao Vizcaya Argentaria (BBVA) which is dedicated to biodiversity-related projects.
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COP16: TNFD launches transition guidance
28 October 2024The Taskforce on Nature-related Financial Disclosures (TNFD) has released draft guidance on nature transition plans, labelling these as critical to meeting the Global Biodiversity Framework.
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COP16: Countries clash over Global Biodiversity Framework Fund
25 October 2024Negotiators at COP16 have clashed on whether the development of a global biodiversity fund is necessary, with dividing lines being drawn on the risk of fragmentation.
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Azerbaijan, IFC sustainable taxonomy 'roadmap' to launch at COP29
25 October 2024The Central Bank of Azerbaijan and International Finance Corporation (IFC) are set to publish a sustainable finance taxonomy "roadmap" to encourage interoperability between the rapidly growing number of national 'green lists' in development.
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Financial institutions 'think they don't have a real footprint on nature', says NatureTech Alliance
25 October 2024Financial institutions are lagging behind the rest of the private sector, research from the NatureTech Alliance has found, with data fragmentation also proving a key barrier.
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COP16: $2.5trn investor group urges governments to step up on biodiversity
23 October 2024Investors representing $2.5 trillion assets under management have urged governments to take more ambitious action on biodiversity at COP16, including introducing mandatory nature disclosures.