The International Finance Corporation (IFC), in partnership with the Swiss State Secretariat for Economic Affairs (SECO), is scaling up its support to the Vietnamese government to promote sustainable finance and spur private sector investment, as part of efforts to help the country implement its climate commitments. Vietnam is adopting a low-carbon growth model and targeting carbon neutrality by 2050.
14 Nov 2022
The Asian Infrastructure Investment Bank (AIIB) and the Global Energy Alliance for People and Planet (GEAPP) are collaborating to mobilize up to US$1 billion for the financing of green energy transition and renewable energy projects.
11 Nov 2022
Citi Philippines has extended a US$20 million loan to ASA Philippines Foundation to provide financial assistance to low-income women for entrepreneurial ventures in the country. Nearly 70,000 women micro-entrepreneurs are expected to benefit from the programme.
25 Nov 2022
The Asian Development Bank (ADB) on Monday (November 14) signed a memorandum of understanding with partners in Indonesia to jointly explore the early retirement of a coal-fired power plant owned by an independent power producer (IPP) under ADB’s Energy Transition Mechanism (ETM).
14 Nov 2022
The Asian Infrastructure Investment Bank (AIIB) and two other institutions have joined the Energy Transition Accelerator Financing (ETAF), a global climate finance programme aimed at mobilizing capital to scale up renewable energy project funding in developing countries by 2030. The programme is managed by the intergovernmental organization International Renewable Energy Agency (Irena).
10 Nov 2022
Western governments are now rushing to develop strategies for advancing the clean energy transition without becoming overly dependent on China for critical minerals. But their plans fail to acknowledge a major potential obstacle: the fraught local politics of opening up new mines and industrial facilities
4 Nov 2022