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EU Considers Allowing International Carbon Credits to Meet 2040 Emissions Target

EU Considers Allowing International Carbon Credits to Meet 2040 Emissions Target

The European Union is contemplating a significant policy shift that could allow international carbon credits to count toward its 2040 climate target. This move would mark a departure from the EU's traditional approach, which has relied solely on domestic emissions reductions. EU Climate Commissioner Wopke Hoekstra emphasized that

HKMC Raises $3 Billion for SME Support

HKMC Raises $3 Billion for SME Support

The Hong Kong Mortgage Corporation Limited (HKMC) has successfully raised approximately HK$23.8 billion (US$3 billion) equivalent through its third social bond issuance, setting a new record for Asia Pacific’s largest social bond offering. This milestone surpasses HKMC’s previous record, achieved in September 2023. The bond

Axis Bank Secures $500M Loan for Green and Blue Projects in India

Axis Bank Secures $500M Loan for Green and Blue Projects in India

The International Finance Corporation (IFC) has joined forces with Axis Bank to provide a $500 million loan aimed at expanding green and blue project financing in India. This landmark partnership marks IFC’s first blue loan in India, a significant step toward supporting water conservation and marine ecosystem restoration, alongside

AIIB Commits $100M to Accelerate Asia’s Low-Carbon and Gender-Inclusive Energy Transition

AIIB Commits $100M to Accelerate Asia’s Low-Carbon and Gender-Inclusive Energy Transition

The Asian Infrastructure Investment Bank (AIIB) has committed $100 million to support climate transition initiatives across emerging Asia, marking its first investment in a dedicated climate transition fund. Of the total, $75 million will go to the Actis Asia Climate Transition Fund, with up to $25 million reserved for direct

€400M Antofagasta Wind Farm Begins Power Production in Chile

€400M Antofagasta Wind Farm Begins Power Production in Chile

Repsol has officially launched electricity production at Antofagasta Phase 1, its largest wind energy project to date and one of the biggest renewable facilities in Chile. Located in Taltal in the Antofagasta region, the 364 MW wind farm represents a €400 million investment and a key milestone in Repsol’s

Cargill Moves to Fully Acquire SJC Bioenergia

Cargill Moves to Fully Acquire SJC Bioenergia

Cargill is set to take full ownership of SJC Bioenergia by acquiring the remaining 50% stake in the Brazilian sugar-energy company, marking a significant expansion of its role in the country’s renewable energy sector. The acquisition, which remains subject to regulatory approval from Brazil’s Administrative Council for Economic

Schroders and Cornell Launch Climate Resilience Framework to Tackle Rising Risks in Apparel and Beyond

Schroders and Cornell Launch Climate Resilience Framework to Tackle Rising Risks in Apparel and Beyond

Schroders, the global asset management firm, has teamed up with Cornell University’s Global Labor Institute (GLI) to unveil a new stewardship framework aimed at strengthening corporate resilience in sectors most vulnerable to climate change. The initiative targets industries such as apparel, food, and construction, where physical climate risks like