Ambitious climate targets that are underpinned by robust implementation and investment plans can provide economic opportunities, unlock investment, and support sustainable development and growth, while facilitating low-emission transitions, according to a new joint report by the OECD and the United Nations Development Programme (UNDP).
Tag: investment
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£86bn boost to science and tech to turbocharge UK economy
UK Chancellor Rachel Reeves will announce a transformative £86bn in the Spending Review to turbo-charge the country's fastest growing sectors, from tech and life sciences, to advanced manufacturing and defence, as part of the the UK Government’s plan to invest in Britain’s renewal through its Modern Industrial Strategy.
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Planning for climate; planning for security
Severe climate impacts can come from nowhere. Their effects can cascade across society, and create a bigger problem than the sum of their individual parts. These impacts are similar to those resulting from pandemics or traditional security threats. That is why we need to plan for climate like we plan for security – at the national level, supranational level and across continents.
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Anti-microbial resistance? New antibiotics are not the only answer
AMR (anti-microbial resistance) is a world health issue. Many believe there cannot be too much investment in and coordination globally on this issue. Standards and regulation – across the use by humans and animals of antibiotics and antifungals – are one thing; but are they the only way forward?
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Uzbekistan to modernise irrigation infra with World Bank support
The World Bank has approved a $200m concessional credit to support Uzbekistan in modernising its irrigation and drainage infrastructure and improving the quality of irrigation service delivery. The project aims to reduce water losses and increase the energy efficiency of irrigation systems across five regions of the country. The Government of Uzbekistan will provide $23.2m in co-financing.
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FRV Australia and Genesis commission huge NZ solar farms
Fotowatio Renewable Ventures (FRV) Australia, a developer of sustainable energy solutions, and the Canadian infrastructure fund OMERS have announced the commissioning of the Lauriston Solar Farm, in partnership with Genesis Energy.
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Great British Energy legislation passes through Parliament
The Great British Energy Bill has received legislative consent from all three devolved governments. This will allow Great British Energy to operate more effectively in each devolved nation. Great British Energy will invest in clean power projects across the UK as part of the UK Government’s Plan for Change to become a clean energy superpower.
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Malawi: World Bank approves hydro power storage grant
The World Bank Board of Executive Directors has approved a $350m grant from the International Development Association to support Malawi’s Mpatamanga Hydropower Storage Project (MHSP), a large infrastructure operation aiming to transform the country’s energy landscape and its economic development trajectory.
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Egypt’s first solar and battery project backed by EBRD
The European Bank for Reconstruction and Development (EBRD) is making a $30m loan available to Obelisk Solar Power, a project company owned by Scatec ASA. The financing facility will finance a new 1GWac solar plant in Egypt with 200MWh of battery storage. It is expected that the project will reduce CO2 emissions by 1.3m tonnes per year.
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How to halt and reverse nature loss – invest
It is estimated that the private sector requires $1.2tr worth of annual investment in direct and nature-adjacent projects to halt and reverse nature loss, says the World Economic Forum. However, the majority of financial institutions still find that data availability and quality are barriers to allocating capital to nature.
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UK Gov strengthens carbon markets; helps leverage capital
The UK Government has launched plans to strengthen voluntary carbon and nature markets which can help leverage the finance needed to address climate action while diversifying revenue streams.