The GBFF has been designed to mobilize and accelerate investment in the conservation and sustainability of wild species and ecosystems and has already drawn over $200 million in investments from Canada and the U.K.
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.
The Nature Conservancy announced it will work with partners to buy a piece of Barbados’ national debt and refinance it to facilitate this goal.
EDPR’s winning bid was a negative price, meaning it will pay the Portuguese electric system 4.13 euros for each megawatt hour it generates over 15 years.
The rules “aim to support public confidence in the impartiality and integrity of the Committee’s work by guarding against even the appearance of any conflict of interest,” according to the Fed.
The confirmation follows pressure from a network of civic groups named Korea Beyond Coal, which has advocated for a complete coal phase-out in Korea by 2030.
The initiative, One Million Black Women, is named for and guided by the goal of impacting the lives of at least 1 million Black women by 2030.
“It won’t be easy to do, but we’re determined to take bold steps to help tackle the climate crisis,” the company said in a press release. The plan is for Aviva to be net-zero carbon by 2040.
The decision from Credit Suisse, ING, and BNP Paribas is seen as a major victory for environmental and Indigenous rights activists, Reuters reported.
The Bank of France, which manages 22 billion euros, will no longer invest in companies that generate more than 2 percent of their revenues from coal by the end of 2021 and will drop this threshold to zero percent by 2024.
