#climate finance

Bahrain Steel company to receive Dhs450m SLL Image Getty images

Bahrain Steel to receive $450m sustainability-linked loan from bank consortium

The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations

DUBAI, UNITED ARAB EMIRATES - NOVEMBER 29: Technicians prepare a plenary hall at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate change. (Photo by Sean Gallup/Getty Images)

Here are 5 key takeaways from the COP28 climate summit

The agreement calls for countries to quickly shift energy systems away from fossil fuels in a just and orderly fashion

Mashreq commits to facilitate Dhs110bn in sustainable finance by 2030

Mashreq to facilitate Dhs110bn in sustainable finance by 2030

The bank’s commitment to sustainable finance is part of its Climb2Change global initiative

Dr Sultan Ahmed al Jaber-COP28-president-designate Image COP28

COP28 UAE: Dr Sultan Al Jaber recaps key wins of first 4 days

“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

climate solutions

Climate vulnerable nations could get insured for $10m a year: Report

New research sheds light on how to use insurance money to protect countries from the spiralling cost of storms, drought, and rising sea levels


UAE President Sheikh Mohamed bin Zayed meets World Bank President Ajay Banga

The meeting also addressed global economic conditions, the economic impact of crises, and the World Bank’s support for the upcoming UN climate conference

Masdar green bond at London Stock Exchange

Masdar marks $750m green bond debut with market opening at London Stock Exchange: Watch

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