In a major boost to Kenya’s nascent electric motorcycle and tuk-tuk sector, Kenya’s largest bank has partnered with the United Nations Institute for Training and Research to roll out a program that is expected to create over 150,000 new green jobs over six years.
Ecuador launched a plan that would effectively wipe out roughly $1 billion of interest on part of its debt in exchange for its protection of the Galápagos Islands.
Ecuador to boost protection of Galápagos in biggest debt-for-nature deal ever Read more
Investment in renewables, such as wind and solar, grew 17 percent last year, reaching $495 billion, while investment in electric vehicles grew a staggering 54 percent, hitting $466 billion.
Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions.
Danske Bank quits new fossil fuel financing Read more
In 2020, HSBC – Europe’s largest bank – made a pledge to be “net zero” and invest up to $1 trillion in clean energy. But the bank has since come under criticism for investing billions in new oil and gas.
HSBC to end funding for new oil and gas fields Read more
The German reinsurance group Munich Re will no longer invest in or insure the planning, financing, construction or operation of new oil and gasfields, new oil-fired power plants or developments in “midstream” oil infrastructure, beginning in April 2023.
The solution produces clean energy by fusing together atomic nuclei. Unlike nuclear fission, there is also no risk of radioactive waste and reactor materials can be recycled within 100 to 300 years.
Two planned coal-fired power plants, one in Indonesia and the other in Bangladesh, have had their funding withdrawn by the Japanese government, as part of Tokyo’s decision to no longer bankroll coal projects in either country.
This fund, called Frontier, will be the world’s largest coalition of carbon removal purchasers.
Four huge tech companies have invested over $1 billion in capturing carbon Read more
As one example, Adani Group recently agreed to develop 500 megawatts of renewable energy projects in Mannar and Pooneryn provinces.
