To avoid the worst of climate change, the scientific consensus is that greenhouse gas emissions must reach net zero by 2050. Many financial institutions have stepped up to the challenge. Here’s what they’ve discovered about what it takes to drive real-world change. Financial institutions face increasingly high expectations for progress
47th Regular Meeting of the Conference of Heads of Government of the Caribbean Community: A Milestone Event The 47th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) is set to take place from July 3-5, 2024, in Grenada. This meeting is particularly significant as
Key Impact Points: The Dominican Government, through the Ministry of Finance, has made history by issuing its first green bonds, totaling $750 million. These bonds achieved a rate of 6.70%, approximately 15 basis points lower than what would have been achieved with other non-thematic financing instruments of a similar term.
Key Points Investment Breakdown IFC’s $25 million blue bond subscription will fund ocean and water-related projects, while $50 million in green bonds will support green buildings, renewable energy, and energy efficiency. “IFC’s investment will help SeABank increase funding for initiatives that support the country’s climate and financial inclusion agenda. We
The Caribbean Community (CARICOM) has been instrumental in the negotiations for the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, a global treaty endorsed by the United Nations General Assembly in June 2023. This treaty aims to ensure the sustainable use and management of marine biodiversity in areas beyond national jurisdictions. CARICOM
Breakthrough Energy Catalyst put together a guide for companies to take their technologies from pilot to commercial scale. Breaking Barriers in Clean Energy The Challenge:Innovators have made strides in clean energy, but the real test lies in deploying these technologies on a large scale. Breakthrough Energy Catalyst aims to bridge
Key Impact Points: The 4th International Conference on SIDS in Antigua and Barbuda saw the adoption of the Antigua and Barbuda Agenda for SIDS (ABAS), a 10-year action plan aimed at driving sustainable development and meaningful change for Small Island Developing States (SIDS). Recognized since 1992 for their unique vulnerabilities,
Key Impact Points: Facts About Greenhouse Gases Contrary to popular belief, not all GHGs are bad. They occur naturally, and if we didn’t have any GHGs in our atmosphere at all, then the Earth would become too cold and much of the life we know would be unable to survive.
Key Impact Points: Progress Made, But More Needed: Ceres Report Analyzes Insurers’ Climate Disclosure Alignment Major U.S. insurance companies are making strides in disclosing their climate-related risks and strategies, but significant gaps remain, according to a new report by Ceres. The report, Navigating Climate Risks: Progress and Challenges in U.S.
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
