Sustainability
Japan’s Mercuria partners Singapore’s OCBC to launch sustainability fund in Asean
Japan-based investment firm Mercuria Holdings Co., Ltd. has partnered Singapore financial services group Overseas-Chinese Banking Corporation Limited (OCBC) to launch a fund to finance sustainability projects in ASEAN.
Singapore’s Keppel Infrastructure Trust to acquire 45 percent stake in a solar portfolio from German RE firm Enpal
Keppel Infrastructure Fund Management Pte. Ltd. (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT) is committing up to €109m ($119.81 million) to acquire a 45 percent effective stake in German renewable energy (RE) firm Enpal B.V. (Enpal)’s solar portfolio (AssetCos) through a special purpose vehicle (SPV).
Crunchbase: global sustainability-focused funding holds up well in 2023
While 2023 has been a down year for startup investment in most industries, cleantech and sustainability-focused categories have held up comparatively well, Crunchbase said Tuesday. Per Crunchbase data, global investors have poured approximately $13.9 billion this year into companies working on everything from battery recycling to water-conserving crops.…
IFC supports new fund to address infrastructure gaps, cut carbon emissions across Asia and Africa
International Finance Corporation (IFC) is investing $50 million in equity to bolster A.P. Moller Capital's $1 billion Emerging Markets Infrastructure Fund II (EMIF II), joining forces with a consortium of global partners. The new investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and…
National Bank of Cambodia partners IFC to boost green finance, support climate action
To help Cambodia address climate change impacts and create a conducive environment for the uptake of green finance, the National Bank of Cambodia (NBC) and World Bank's unit IFC signed a cooperation agreement to boost financing for climate-friendly projects, supporting the country's transition towards a green economy.
Standard Chartered: $17B in retail investor capital could be mobilized to combat climate change in Malaysia
Standard Chartered’s latest Sustainable Banking Report2023 shows $17 billion of retail investor capital could be mobilized towards climate investments in Malaysia by 2030. Within climate investing in Malaysia, $9 billion could flow into mitigation themes – renewables, energy efficiency and storage are set to attract the most capital.
IFC, Bank of the Lao PDR strengthen partnership to boost green finance, achieve climate goals
The collaborative effort to boost green finance between IFC and the bank has been strengthened with a new cooperation agreement signed on Tuesday. This enhanced partnership aims to accelerate necessary reforms to develop guidelines and standards to attract the green capital the country needs to drive its economy and create jobs while promoting a greener…
Gobi GBA drives positive environmental change and circular business models through strategic capital allocation
Gobi Partners, a leading pan-Asian venture capital firm, is firmly dedicated to promoting sustainable development and is poised to make significant investments in circular economy sectors across the Asia-Pacific (APAC) region, with a particular focus on the vibrant Greater Bay Area (GBA).
ADB announces start of Climate Action Catalyst Fund
The Asian Development Bank (ADB) has on last Friday announced that it will start on January 1, 2024 operations of its Climate Action Catalyst Fund (CACF) — a first-of-its-kind carbon fund under the Paris Agreement. The fund aims to mobilize innovative carbon finance through the purchase of carbon credits to catalyze investments in transformative mitigation…
JICA to provide up to $1.5B for ADB-managed LEAP 2 Fund to support infrastructure in Asia and the Pacific
The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to $1.5 billion provided by JICA. The fund aims to co-finance high-quality, resilient, and sustainable infrastructure projects in Asia and the Pacific.
