British International Investment (BII), the UK’s development finance institution and impact investor, together with the Asian Development Bank (ADB), a regional development bank for Asia and the Pacific, announced their collaboration to finance up to $100 million in green trade transactions across the region.
What is the outlook for commodity trading in 2024? Marsh’s Aaron Bailey and Christopher Coppock provide their views.
In October 2023, Apple announced all its products will be ‘100% carbon-neutral by 2030’. This objective, in line with the company’s commitment, emerged following the establishment of partnerships with suppliers for ‘green aluminium’.
The International Finance Corporation (IFC) has today unveiled a green and sustainability-linked loan (SLL) of €300 million to Iberdrola.
At the COP28 climate summit in Dubai, representatives from nearly 200 countries reached an agreement to start reducing the global consumption of fossil fuels.
The United Arab Emirates is set to unveil a new climate-focused investment fund worth $30 billion at the upcoming COP28, with support from major investors including BlackRock, three sources with knowledge of the matter told Reuters.
At ICC United Kingdom’s annual conference, International Trade and Prosperity Week, TFG’s Deepesh Patel was joined by Chris Southworth, Secretary General at ICC United Kingdom, to discuss the importance for the business of limiting global temperature increase to 1.5° C and what the ICC is doing to support the sustainable transition.
Trade finance providers have a critical role to play in the low-carbon transition. Through their lending decisions, they hold massive influence in some of the most carbon-intensive companies and supply chains, and they can use this leverage to push for much-needed progress on climate.
A recent report has revealed that out of the 2,000 largest publicly traded companies, half have committed to achieving net-zero emissions by the middle of the century. Despite this, only a… read more →
The OPEC Fund for International Development (OPEC Fund), is extending a loan of $50 million to ACWA Power. This financial support is aimed at bolstering the 240 MW Khizi-Absheron wind… read more →
