The $4bn increase shows progress but is well short of the trillions of dollars in additional resources needed annually to finance the clean energy transition
The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations
The agreement calls for countries to quickly shift energy systems away from fossil fuels in a just and orderly fashion
The bank’s commitment to sustainable finance is part of its Climb2Change global initiative
“Tackling methane will have a massive near-term impact on keeping 1.5 within reach, and that’s why I am putting it at the top of my agenda,” Dr Al Jaber said during his briefing
New research sheds light on how to use insurance money to protect countries from the spiralling cost of storms, drought, and rising sea levels
The meeting also addressed global economic conditions, the economic impact of crises, and the World Bank’s support for the upcoming UN climate conference
This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects