Key Impact Points: “I am working every day to become a leader of climate action and elicit positive impact and change.” This mission statement from Asia Salazar encapsulates her dedication and drive as a RAY Clean Energy fellow at RMI’s Center for Climate-Aligned Finance. At RMI, Asia supports the Greenhouse
Key Impact Points: The three European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) have published a joint Opinion on assessing the Sustainable Finance Disclosure Regulation (SFDR). The ESAs advocate for a coherent sustainable finance framework that supports both the green transition and enhanced consumer protection, learning from the current
Key Impact Points: The BTG Pactual Timberland Investment Group (TIG) has struck a groundbreaking deal with Microsoft, promising up to 8 million nature-based carbon removal credits through 2043. This landmark transaction, the largest of its kind, underscores the significant potential for environmental restoration in Latin America. Restoration and Reforestation Strategy
Key Impact Points: Deloitte’s Report on Green Energy Transition outlines the urgent need for strategic financing to achieve net-zero greenhouse gas emissions by 2050. The transition requires substantial investment, with projections indicating a need for $5 trillion to $7 trillion annually, yet current investments fall short, at less than $2
Key takeaways: Addressing Environmental Challenges Holistically The launch of the UNEP FI Risk Centre marks a significant step towards comprehensive environmental risk management for financial institutions. This initiative goes beyond just climate change, aiming to simplify the complexities of biodiversity loss and pollution as well. “The recent launch underscores the
Key Impact Points: Expanding Economic Opportunities Soles4Souls, a nonprofit that provides economic relief and protects the planet through the distribution of shoes and clothing, received a $150,000 grant from Bank of America to expand its 4Opportunity program to the Dominican Republic. This expansion will create jobs by enabling individuals in
Title: BBVA Issues $50 Million Biodiversity Bond to Support Environmental Conservation Key Impact Points: $50 Million Bond for Biodiversity BBVA, in partnership with IFC, a member of the World Bank Group, has announced the world’s first biodiversity bond, amounting to $50 million. This significant investment will finance projects focusing on
Agreements with China Development Bank and Asian Infrastructure Investment Bank aim at financing infrastructure and industry in Brazil Key Impact Points: Strategic Partnership The Brazilian Development Bank (BNDES) has joined forces with Asian banks to secure BRL 9.1 billion (USD 1.7 Billion) for sustainable investments. This collaboration underscores a growing
Antigua and Barbuda – In a historic development at the 4th International Conference on Small Island States (SIDS4), the initiative for the Development Bank for Resilient Prosperity (DBRP) has emerged as a beacon of hope for Small Island Developing States (SIDS). Spearheaded by Dr. Hyginus “Gene” Leon, international SIDS advocate who
Dr. Hyginus ‘Gene’ Leon, who is spearheading the creation of the Development Bank for Resilient Prosperity (DBRP), brings a wealth of experience and a visionary outlook to the new Development Bank . With over 30 years in economic development, including a notable tenure as the President of the Caribbean Development Bank (CDB), and the International Monetary Fund (IMF) Dr. Leon is leading the stakeholder group who is helping support and launch the DBRP in addressing the critical transition finance needs of Small Island Developing States (SIDS).
“We need change, and the DBRP will be designed to address the structural challenges that SIDS uniquely face, while complementing existing institutions with innovative financial mechanisms such as leveraging Nature Based Assets as Real World Assets (RWAs) that leverage the inherent resource value of island nations.” Dr Leon was quoted, marking a leadership style focused on innovation. He has laid out a strategic vision aimed at re-imagining sustainability, re-balancing systemic integrity, and changing the narrative on sustainable development financing globally.
