Tag: clean energy finance

Banks Bet on Green Steel

Pledges to support the transition to a net-zero steel sector are growing across both the private and public sector. In September, at Climate Week NYC, six signatory banks — including Citi, Crédit Agricole CIB, ING, Société Générale, Standard Chartered, and UniCredit — launched the Sustainable STEEL Principles (SSP), a climate-aligned finance agreement designed to help achieve net-zero emissions in the steel industry.

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Time to Fast-Track Africa’s Clean & Equitable Energy Future

The ongoing global energy crisis is a relatively short-term interruption affecting the global clean energy transition pace. Currently, several African nations are net exporters of oil and gas (O&G), largely to European markets. The current export volumes provide revenue streams for countries like Algeria and Nigeria, but in other countries like Tanzania and Uganda  multinational O&G majors are promoting new development opportunities.

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Sustainable Finance Market in Peru: Report

The report identifies green and sustainable investment opportunities in the country and brings the latest market figures on the shape and size of the Peruvian GSS+ debt market. This report also provides an overview of supporting policy developments and milestones over the last decade. It discloses tangible green opportunities for Peru’s critical economic sectors.

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Siemens Energy issues mandatory convertible bond for Euro 960 million

Siemens Energy AG has issued subordinated mandatory convertible notes of Euro 960 million. The pre-emptive rights of shareholders of the company to subscribe for the notes were not included. The notes will be convertible into newly issued or existing registered no-par value company shares. The net proceeds from this issue will be used to partially finance Siemens Gamesa’s voluntary cash offer for all outstanding shares.

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More is More: Potential boost to Asian renewable energy from the Indo-Pacific Economic Framework

If the Indo-Pacific Economic Framework (IPEF) becomes a binding agreement that delivers on its ambitions, many Asia Pacific economies could receive a boost to their clean energy needs. The US-led IPEF can complement the China-led Regional Comprehensive Economic Partnership (RCEP). Together, they would cover countries which need a combined annual spend of about USD1.27T to hit the 1.5°C climate goal.

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IEA’s World Energy Investment 2022 Report

The report focuses on some important features of the new investment landscape which are already visible, including the energy security lens through which many investments are now viewed, widespread cost pressures, the major boost in revenues that high fuel prices are bringing to traditional suppliers, and burgeoning expectations in many countries that investments will be aligned with solutions to the climate crisis.

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US Expectations for Renewable Energy Finance in 2022-2025: Report

To assess the industry’s near- and mid-term trajectory in meeting these goals, this report conveys the results of new surveys of professionals who represent companies that actively finance or develop projects in the renewable energy sector. The surveys assess respondents’ experiences in the market over the past year and their expectations for sector investment and development over the next three years.

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Implementing the Clean Energy Investments in US Bipartisan Infrastructure Law

The Build Back Better Act contains the heart of President Biden’s domestic agenda, including over $500 billion in climate and clean energy provisions that are necessary for the U.S. to meet its climate goals. While the fight for the Build Back Better Act is not over, we also must ensure that existing federal funds are put to the best decarbonization uses possible. In November, President Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law.

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India’s Clean Energy Investment Trends 2021

The Clean Energy Investment Trends is a joint project of the CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy Agency (IEA). By monitoring market activity and identifying market and financing trends, the Trends report seeks to provide a practical guide to stakeholders for understanding how the interaction between risks and regulations is shaping investment flows.

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Financing Clean Energy Transitions in Emerging and Developing Economies

There is a huge opportunity to take advantage of lower-cost clean energy technologies, led by solar and wind, to forge a new low-emissions development model for the developing world. There is also no shortage of capital globally to realise such a vision. However, this capital is not finding its way to the countries and sectors where it is most needed. Many institutions are supporting energy transitions in developing countries, with good intentions and often impressive results. But private capital does not yet see the right balance of risk and reward in clean energy projects.

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Debt-for-climate swaps — are they really a good idea, and what are the challenges?

Debt-for-climate swaps have become a movement within development finance over the past few months. Several exhort action in these current fiscally constrained times to help with debt relief and to promote a green recovery. There are also proposals for addressing the climate and health nexus. Others advise caution before jumping into doing one of these transactions, arguing that such a swap may not be the most efficient way of achieving mutually desired goals.

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IFC partners with Nedbank to provide green finance in South Africa

IFC, a member of the World Bank Group, and Nedbank Limited, a wholly owned subsidiary of Nedbank Group, have partnered to increase financing for renewable energy projects in South Africa. As part of the agreement, IFC will provide Nedbank Limited with a loan of up to $200 million to help it expand its green finance operations.

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