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UNDP Secures $3.2 Million for Climate and Health Funding in Afghanistan
This funding will help strengthen Afghanistan’s response to the health impacts of climate change, especially among vulnerable communities such as internally displaced persons (IDPs) and returnees, benefiting more than 1.4 million people across 15 provinces.
- Categories
- Environment, Health Care
- Region
- North Africa & Near East
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IFC Commits USD $6 Million to Catalyst Fund’s USD $40 Million Africa Climate Tech Vehicle
The fund, managed by Catalyst Impact Partners Corp, will target pre-seed and seed companies in fintech for climate resilience, sustainable livelihoods, etc.
- Categories
- Environment, Technology
- Region
- Sub-Saharan Africa
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Carbon Offsets Fail to Cut Global Heating Due to ‘Intractable’ Systemic Problems, Study Says
While the industry and diplomats have made efforts to improve the system, it found much-awaited rules agreed at a UN climate summit last year “did not substantially address the quality problem”.
- Categories
- Environment, Finance
- Region
- Global
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World’s Biggest Pension Fund Puts Impact Investing on the Agenda
GPIF President Kazuto Uchida has made clear he thinks that an investment approach targeting environmental and social goals "ultimately leads to” economic and capital markets growth.
- Categories
- Environment, Investing
- Region
- Global
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African Development Bank Group Approves $22.8 Million Grant to Boost Mozambique’s Rice Production and Build Climate Resilience
The grant will fund the Rice Value Chain and Climate Resilience Project, which seeks to increase Mozambique’s rice self-sufficiency.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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Amazon, Meta Join Forces With RMI to Launch Sustainable Concrete Buyers Alliance
The collective purchasing group will aggregate corporate demand for low-carbon concrete, driving greater investment in clean technologies and operations.
- Categories
- Environment
- Region
- Global
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Beyond Shock, Money or Mandate: Why African Banks Aren’t Taking Bold Climate Action — And What it Will Take to Move Forward
Africa is one of the most climate-vulnerable regions in the world. Yet though climate finance has emerged as a growing solution, African banks have yet to truly ramp up their climate lending. As Carla Legros and Anthony Mbithi argue, one reason for this lack of urgency is that the financial case for this lending has rarely been framed in ways that resonate with how banks operate — namely, as a clear money-making opportunity in the near to medium term. They share a framework for understanding financial institutions' level of engagement in climate finance, providing funders and policymakers with a tool they can use to match their interventions to banks’ institutional reality.
- Categories
- Environment, Finance, Investing
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KawiSafi Announces $90 Million in Approved Capital to Accelerate Climate Solutions Across Africa
With backing from the African Development Bank, the Green Climate Fund, the Schmidt Family Foundation, and the Quadrature Climate Foundation, Acumen’s second KawiSafi fund marks the next chapter for the climate-resilient growth platform developed by Acumen.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa