Sustainability
Climate finance by multilateral development banks hits record in 2023
Multilateral development banks (MDBs) announced on last Friday that their global climate finance reached a record high of $125 billion in 2023.
IFC and the Carbon Trust join forces to cut emissions in emerging markets
In a move to help more companies decarbonize operations and reduce emissions along their supply chains, the International Finance Corporation (IFC), a member of the World Bank Group, and the Carbon Trust have agreed on a plan to work together to promote decarbonization strategies for companies in emerging markets and accelerate investments in green…
Bursa Carbon Exchange now offers continuous trading for Renewable Energy Certificates
Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad (Bursa Malaysia), has announced the successful go-live of its renewable energy certificates (RECs) continuous trading on September 9, 2024.
Malaysia’s Samaiden partners MCS to expand renewable energy business in Indonesia
Samaiden Group Berhad, a Malaysia-based renewable energy (RE) firm, has partnered PT MCS Bina Energi (MCS) to expand renewable energy (RE) business in Indonesia.
SUSI Partners acquires 39 MW wind farm in Vietnam
SUSI Partners, on behalf of the SUSI Asia Energy Transition Fund (SAETF), has signed an agreement to acquire the 39 MW Dam Nai wind farm located in the Vietnam province of Ninh Thuận from Norwegian-based renewable energy company Scatec ASA.
IFC issues $243M green bond to promote blue finance in emerging markets
The International Finance Corporation (IFC) has issued a green bond designed to promote ocean-friendly projects and improve access to clean water and sanitation in emerging markets.
MyDIGITAL, Bursa Malaysia team up to drive ESG innovations through digital transformation
MyDIGITAL Corporation and Bursa Malaysia Berhad have entered into a memorandum of collaboration (MoC) to empower Public Listed Companies (PLCs) in Malaysia achieve their environmental, social, and governance (ESG) goals through the adoption of digital technologies.
ADB sharpens strategic focus, accelerates efforts to combat climate change in Asia and the Pacific
The Asian Development Bank (ADB) has approved an ambitious new road map to guide its evolution and scale up its support on key challenges facing Asia and the Pacific, including accelerated efforts to combat climate change and expand private sector development.
Singapore’s Clime Capital invests in Philippine solar provider Upgrade Energy
Clime Capital, the Singapore-based fund manager dedicated to driving the shift towards a low-carbon economy, has on Monday announced an investment through the South East Clean Energy Fund II (SEACEF II) in Upgrade Energy Philippines (UGEP), a key player in the Philippine solar project landscape.
IFC provides $60M green financing to Indonesia’s Gunung Raja Paksi to boost decarbonization
World Bank's International Finance Corporation (IFC) has inked deal to provide $60 million green financing to Indonesian steel producer Gunung Raja Paksi (GRP).
