$1.48 Billion GAIA Platform Launched to Bridge Climate Finance Gaps in Vulnerable Regions

The GAIA platform, co-founded by FinDev Canada, MUFG, and GCF, targets up to 25 emerging markets with $1.48 billion for climate adaptation and mitigation projects. The initiative allocates 70% of funds for climate adaptation and 30% for mitigation, focusing on Least Developed Countries and Small Island Developing States. GAIA aims to bridge the climate finance […]

EU Approves First-Ever Certification Framework for Carbon Removals and Farming

Key Impact Points: Comprehensive Framework: The EU Council approved the first certification framework for permanent carbon removals, carbon farming, and carbon storage in products to help meet the 2050 climate neutrality target. Robust Certification Criteria: The framework mandates measurable carbon benefits, additionality, long-term storage, and sustainability safeguards for certification. Transparency via EU Registry: A digital […]

EU Regulators, ECB Release Climate Stress Test Results Highlighting Transition Risks

The “Fit-for-55” climate stress test shows that transition risks alone pose limited threats, with first-round losses of 5.2%-6.7% across EU financial sectors over an 8-year horizon. Combined transition and macroeconomic shocks could increase losses significantly, with first-round impacts ranging from 10.9% to 21.5% depending on the sector. Coordinated policy action and climate risk integration in […]

EU Approves New ESG Ratings Regulation to Enhance Transparency and Investor Trust

Boosting transparency: The new regulation requires ESG rating providers in the EU to be authorized and supervised by the European Securities and Markets Authority (ESMA) and comply with strict transparency standards. Preventing conflicts of interest: A clear separation of business and activities is mandated to ensure the integrity and reliability of ESG ratings. Global alignment: […]

Indonesia, Germany Invest €1.2 Billion Green Funding for Clean Energy Development

€1.2 Billion Agreement Signed: Indonesia’s PT PLN (Persero) and Germany’s KfW signed an MoU to fund the development of a Pumped Storage Hydropower Plant (PLTA) and related transmission projects, marking a major step toward Indonesia’s renewable energy goals. Accelerating Energy Transition: The partnership supports Indonesia’s strategy to increase renewable energy capacity by 75% over 15 […]