Key Impact Points: COP 16: Biodiversity as Climate Resilience COP 16, held in Cali, Colombia under the Convention on Biological Diversity (CBD), underscored biodiversity as essential for combating climate change. This conference marked progress by: Challenges and Progress from COP 16 COP 16 revealed key issues: Despite these hurdles, COP
Key Points: As global climate challenges escalate, green banks are emerging as crucial players in the United States’ response, particularly under the Inflation Reduction Act (IRA). At Climate Week NYC 2024, CDP and America Is All In gathered green banks, financial institutions, and community development financial institutions (CDFIs) to explore
Key Points: As global leaders convene for the 29th Conference of the Parties (COP 29) in Baku, the spotlight will be on setting a transformative New Collective Quantified Goal (NCQG) for climate finance. This new commitment, starting at a floor of $100 billion per year, aims to empower developing countries
Key Impact Points: Amazonia Bonds: A New Financial Instrument for Conservation and Development The Inter-American Development Bank (IDB) and the World Bank have introduced comprehensive guidelines for Amazonia Bonds, aimed at financing projects that benefit Amazonian biodiversity, local communities, and zero-deforestation initiatives. These bonds are designed as a credible, standardized
Key Impact Points: Enhancing Resilience for Climate-Vulnerable Communities In a first-of-its-kind move, Lloyd’s has joined forces with the United Nations Capital Development Fund (UNCDF) to introduce a disaster resilience vehicle aimed at delivering critical disaster risk financing to Pacific island nations. This groundbreaking initiative will initially provide protection for communities
M&G and Swiss impact asset manager responsAbility have introduced the M&G responsAbility Sustainable Solutions Bond Strategy, an SFDR Article 9 fund. This launch addresses the increasing demand from institutional and wholesale investors for actively managed sustainable fixed income strategies. Investment Focus Leveraging M&G’s extensive credit expertise and responsAbility’s impact investing
Key Impact Points: The OPEC Fund for International Development and CAF-Development Bank of Latin America and the Caribbean have signed a new Cooperation Framework Agreement to enhance their partnership in promoting sustainable development across Latin America. Commitment to Sustainable Growth Under the agreement, the OPEC Fund plans to contribute up
Key Impact Points: A Turning Point in 2024 In 2024, Bill Gates noted a pivotal moment in the fight against climate change, drawing parallels to his experiences in global health philanthropy in the early 2000s. Back then, the world successfully scaled up vaccines and treatments for preventable diseases, dramatically reducing
Key Impact Points: New Guidance Targets Impact Transparency The Impact Disclosure Taskforce, a collaborative initiative co-chaired by J.P. Morgan and Natixis Corporate & Investment Banking, has released its final voluntary Impact Disclosure Guidance. This guidance is aimed at helping corporate and sovereign entities disclose their contributions to reducing poverty and
White House Races to Allocate Clean Energy Funds As the end of President Joe Biden’s term nears, his administration is scrambling to secure clean energy funding from the Inflation Reduction Act (IRA) before the possibility of a new administration disrupts progress. With Donald Trump threatening to pull back unspent IRA
