The UAE Banks Federation (UBF) has recently reaffirmed its commitment towards the country’s strategy of reducing emissions and achieving climate neutrality by 2050. This move aligns with the United Nations’ sustainable development goals, demonstrating a significant push towards global sustainability. In a collaborative effort with the Central Bank of the UAE and its members, the […]

FinanceMalta, the public-private initiative that promotes Malta as an International Financial Centre, is preparing for its 16th Annual Conference. Scheduled for September 13, the conference carries the theme ‘Leading change through innovation’. The event is set to feature a host of local and international speakers, who will share their insights on various financial topics, with […]

In a remarkable stride towards a sustainable future, Green, Social, Sustainability, Sustainability-Linked, and Transition (GSS+) finance volumes exceeded $4.2 trillion in the first half (H1) of 2023. This notable achievement was reported by the Climate Bonds Initiative and reflects the growing global commitment to climate change and sustainability. However, it’s noteworthy to mention that the […]

The ‘Nature in Green Finance’ report, recently released by CDP, offers a comprehensive analysis of disclosures from over 550 major financial institutions worldwide. The institutions included in the survey boast a total market capitalization exceeding $8 trillion as of 2022. However, the report raises significant concerns regarding the integration of nature loss and climate change […]

A landmark two-day meeting was recently held under the aegis of COP28 Presidency, uniting leading economists and finance leaders from across the globe to establish a fresh framework for international climate finance. This unprecedented gathering comes at a time when the world is grappling with the harsh realities of climate change, making the need for […]

Chinese companies are demonstrating a growing trend towards the utilization of the digital yuan, China’s Central Bank Digital Currency (CBDC), to fund environmentally-friendly projects. A notable example of this burgeoning trend is Guangdong-based electronics firm, Zhongshan Jewelly Optoelectronics Technology, which recently secured a green finance loan worth over $276,000, powered by the digital yuan. The […]

Green finance, which encompasses funding for eco-friendly and sustainable projects such as clean energy and new technologies, is rapidly gaining traction in the global market. This burgeoning market is attracting companies who are seeking to expand their investor base, reduce capital costs, and enhance their reputation. Despite a drop in issuance in the first quarter […]

Climate finance is a crucial element in the fight against climate change, and yet, the agrifood systems that account for over a quarter of global greenhouse gas emissions receive a mere 2.5% of total climate financing. This disparity is substantial, particularly considering that the majority of this limited financing, a whopping 88%, is primarily focused […]

The Abu Dhabi Fund for Development (ADFD) recently bolstered Tanzania’s energy security efforts by signing a $30 million loan agreement with the country’s government. This vital initiative aims to connect the Kagera region to Tanzania’s national electricity grid. The project is designed to reduce the country’s reliance on energy imports and provide sustainable electricity to […]

The hospitality sector is currently in a phase of transformation, driven by the necessity to adapt to significant technological and regulatory changes. Among these changes is the crucial need for securing finance to promote asset and operational decarbonization. This reformation is part of the sector’s efforts to respond to the growing global focus on environmental […]