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Unlocking Capital for the Clean Energy Transition: Deloitte Insights

Январь 24, 2025 Комментариев нет

As global efforts to achieve a sustainable economy intensify, the financial system faces unprecedented challenges in scaling investments. Deloitte estimates the energy transition could cost up to $200 trillion by 2050, underscoring the need for a transformative approach to deploying capital. Chris Ruggeri, Deloitte Transactions and Business Analytics LLP principal

Michael Bloomberg Steps Up to Fund UN Climate Body After US Withdrawal

Январь 23, 2025 Комментариев нет

Key Impact Points: Bloomberg Philanthropies Covers U.S. Contribution Michael Bloomberg, former New York Mayor and U.N. special envoy on climate change, announced that Bloomberg Philanthropies and other U.S. climate funders would ensure the United States meets its global climate obligations. The pledge includes covering the U.S. financial contributions to the

24 States Representing 60% of the U.S. Economy Commit to Paris Agreement Goals After Trump Exits Accord

Январь 23, 2025 Комментариев нет

Key Impact Points: Governors Hochul and Lujan Grisham: “We will not turn our back on America’s commitments. For our health and our future, we will press forward.” Continued Commitment to Climate Action In a letter to UN Climate Change Executive Secretary Simon Stiell, the co-chairs of the U.S. Climate Alliance,

U.S. DOE Secures $15 Billion Loan Guarantee for PG&E to Boost Clean Energy in California

Январь 21, 2025 Комментариев нет

Key Points: A Landmark Investment in Energy Infrastructure The DOE’s Loan Programs Office (LPO) announced the $15 billion loan guarantee under the Energy Infrastructure Reinvestment (EIR) program. The initiative supports PG&E’s Project Polaris, which includes upgrading hydropower generation, expanding battery storage, and enhancing grid transmission through advanced technologies. These improvements

U.S. Federal Reserve Exits Global Climate Risk Regulatory Group

Январь 21, 2025 Комментариев нет

Key Points: Fed’s Reasoning for Withdrawal The Federal Reserve stated its decision to leave the NGFS reflects the group’s evolving priorities, which the Fed believes exceed its legal authority. Chair Jerome Powell has consistently maintained that the Fed’s role in addressing climate change is restricted to financial system stability, not

Biden Secures 84% of IRA Clean Energy Grants Ahead of Administration Transition

Январь 21, 2025 Комментариев нет

Key Impact Points: High Obligation Rates for Clean Energy Programs The Biden administration has safeguarded $96.7 billion in clean energy grants under the IRA by obligating the funds through signed contracts between federal agencies and recipients. According to Kristina Costa, Deputy Assistant to President Biden and Director of the White

EU Renewable Energy Auctions: Leveraging ESG Factors for Industry Growth

Январь 21, 2025 Комментариев нет

Key Impact Points: Strong ESG Management in Europe European electrical equipment companies lead in managing product governance and carbon-related risks compared to global peers, according to Morningstar Sustainalytics. They surpass Asia-Pacific firms in adopting quality management systems, environmental sustainability, and end-of-life stewardship programs for products. For instance, European firms like

Bahamas, Standard Chartered, and Partners Launch $300M Debt Conversion for Climate and Nature

Январь 16, 2025 Комментариев нет

Key Impact Points: Bahamas Debt Conversion Project: A Financial Breakthrough for Conservation The Government of The Bahamas, in partnership with The Nature Conservancy, Standard Chartered, the Inter-American Development Bank (IDB), and other financial stakeholders, has launched the inaugural Bahamas Debt Conversion Project for Marine Conservation. This pioneering initiative is projected

Global Leaders Define 6 Key Levers for Climate and Nature Transformation

Январь 16, 2025 Комментариев нет

Key Impact Points Blended Finance: A Powerful Catalyst Blended finance combines public, private, and philanthropic capital to overcome traditional funding barriers. This approach reduces risk, encourages private investment, and scales solutions rapidly. “Harnessing the power of philanthropic capital in blended finance structures is one of the most powerful approaches to

Unlocking €8 Billion: EIB and Societe Generale Back Wind Energy Investments

Январь 16, 2025 Комментариев нет

Key Impact Points: Driving Wind Energy Investments The European Investment Bank (EIB) and Societe Generale have launched a landmark initiative to support wind energy manufacturers and projects across Europe. The EIB’s €500 million counter-guarantee will allow Societe Generale to issue up to €1 billion in bank guarantees, with the potential