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COP28: Coal plant shut-down deal takes significant step forward, but will still operate until 2035

From Peter Cripps at COP28 in Dubai

COP28: Sovereign sustainability-linked finance task force launched

Eight development banks and financial institutions have launched a technical task force to support the development and growth of the sustainability-linked finance market for sovereign issuers to achieve global climate and nature goals.

ICMA publishes blue bond guide in 'big step forward' for market

A long-anticipated blue bond guide has been published, in a "big step forward" for the development of the water-focused sustainable bond market.

ThomasLloyd hire ADB's Nakhooda as head of impact

Sovereign sustainability-linked debt initiative launched

A World Bank and Asian Development Bank (ADB)-backed initiative to "catalyse" sovereign sustainability-linked debt issuance has been launched to provide technical support to increase the volume, quality and impact of such issuances.

Infrastructure key to hitting net-zero

Sustainable infrastructure investments are growing, but not quickly enough, Henri Blas tells Genevieve Redgrave

$120m fund for Southeast Asian forests closes

New Forests' latest fund for sustainable forestry in Southeast Asia has closed with $120 million of commitments.

BIS launches Asian green bond fund

The Bank for International Settlements (BIS) has launched an Asian green bond fund for central banks, taking its total green bond fund assets under management to $3.5 billion.

$459bn annual funding gap for ocean protection

An extra $459 billion is needed each year to combat the growing threat to the ocean, says the Asian Development Bank (ADB) in a new report launched today.

COP26 round-up, 2 November: India, deforestation and methane

A brief summary of the biggest news related to COP26 in Glasgow on 2 November.