EU Commission Raises €7 Billion in EU Bonds, Including €3 Billion in Green Bonds
Record demand: The €7 billion dual-tranche bond issuance saw oversubscription rates of 17x for the 7-year bond and 27x for the 18-year green bond, reflecting strong investor confidence. Green bond focus: €3 billion of the proceeds will support EU Member States’ green projects under the NextGenerationEU Green Bond Framework. Strategic funding: The transaction brings the […]
PUMA Targets 90% Scope 1 & 2 Emissions Cut and 33% Scope 3 Reduction by 2030
Ambitious Climate Targets: PUMA commits to a 90% reduction in Scope 1 and 2 greenhouse gas emissions and a 33% reduction in Scope 3 emissions by 2030, with targets validated by the Science Based Targets initiative. Circularity Focus: The brand aims to achieve 100% recycled polyester fabric use and expand circular business models, including resale […]
Bolivia Targets $5 Billion in Carbon Credit Sales to Combat Deforestation
Ambitious Climate Goal: Bolivia plans to raise $5 billion through carbon credits to end deforestation by 2030, aligning with global climate targets under the Paris Agreement. Economic and Environmental Relief: The initiative seeks to address Bolivia’s economic struggles, depleted reserves, and soaring deforestation rates, with proceeds earmarked for forest conservation and reforestation. Global Collaboration: Talks […]
BNP Paribas Unveils $500M Sustainable Forestry Fund with IWC
Global Reach: The BNP Paribas Future Forest Fund will invest in certified sustainable timber assets across the U.S., Australia, New Zealand, and Europe, with an initial $130M raised and a target size of $500M. Climate-Driven Strategy: The fund addresses a projected 37%-60% global increase in timber demand by 2050 while prioritizing biodiversity and climate resilience. […]
Over 50 Nations Commit to Climate-Friendly Tourism in U.N. Declaration
Historic Milestone: Tourism has been officially included in the U.N. Climate Change Conference Action Agenda for the first time, marking a significant step in global climate-friendly efforts. Global Pledge: More than 50 governments signed the U.N. declaration to integrate climate action into tourism strategies and update their Nationally Determined Contributions (NDCs) by February. Industry Framework: […]
