Archive

World Bank issues landmark Amazon reforestation-linked bond

The World Bank has raised $225 million from its biggest ever outcomes-based bond that links its coupon payments to verified carbon removal credits generated by reforestation projects in the Amazon rainforest in Brazil.

Aviva calls for NDCs to become national transition plans

Countries preparing their next set of climate targets should use it as an opportunity to prepare comprehensive, national climate transition plans that can plug into those being used by financial institutions, Aviva has urged.

Carbon pricing revenues exceeded $100bn in 2023, says World Bank

Revenues from carbon pricing exceeded $100 billion in 2023, the World Bank has found, but it warned policymakers are not moving fast enough to put a price on carbon.

MDBs set to increase GSSS commitments, Sustainable Fitch claims

World Bank releases 'game-changing' streamlined impact metrics

The World Bank has released a new impact outcomes 'scorecard' which will be deployed across all its institutions for the first time, which was described as "game-changing" for the development bank.

Climate Bonds Initiative names advisory board, to consult on new climate resilience taxonomy

World Bank: Expect 'more and bigger' outcomes-based bonds

Following the Bank's recent plastic waste reduction bond, Michael Bennett tells Ahren Lester that its ambitions are growing

World Bank issues $100m plastic waste reduction-linked bond

The World Bank has raised $100 million from a ground-breaking outcomes-based bond that links its coupon payments to verified plastic and carbon credits generated by projects in Ghana and Indonesia.

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.

COP28: We need carbon markets, say Carney, Kerry and Banga

Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.