IFC to increase climate related investments to $3.5bn a year
The International Finance Corporation (IFC) will next year increase its climate investments from $2.2 billion to $3.5 billion, following the approval of the World Bank Group's latest Climate Change Action Plan.
EF BRIEFS: TenneT, Finansinspektionen, World Bank, AMP
Dutch grid operator TenneT has said it will issue green bonds to help finance its €22 billion ($24 billion) decade-long expansion plan.
World Bank to issue up to $30m more carbon-linked notes
The World Bank is to increase its issuance of carbon-linked notes to support methane reduction projects by up to $30 million this year.
Climate Change - Threat and Opportunity for Private Sector
The Paris climate deal made it clear that the private sector, with its financial clout and penchant for innovation, must play a leading role in the struggle for a greener future, says Dimitris Tsitsiragos.
Canadian Solar raises $100m to support growth in Asia and Latin America
Canadian Solar has raised more than $100 million, in two separate transactions, to help finance its expansion in Asia and Latin America.
Banking climate principles to be launched next week
A new set of climate changes principles for the banking industry are set to be launched on Monday, Environmental Finance has learned.
Development banks issue updated guide to help green bond issuers with impact reporting
A group of development banks has published updated impact reporting guidelines for green bond issuers, saying that the market is the "litmus test" for wider climate finance.
$500m pledged for developing countries as COP21 begins
Some $500 million has been pledged by European and North American governments to support climate change mitigation and adaptation efforts in developing countries.
Paris 'can provide toolkit to allow carbon markets to link'
The Paris climate summit will not realistically set up a global carbon market, but could provide a toolbox to help link regional trading systems.
IADB plans green bonds for energy efficiency projects in Latin America
The $217 million allocated by the UN's Green Climate Fund (GCF) to green bonds for energy efficiency projects in Latin America, will contribute to two asset-backed securitisation programmes planned by the Inter-American Development Bank (IADB).