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Report: A Path to Mobilising $1.3 Trillion in Climate Finance for Developing Countries
International climate change think tank E3G launched its latest report, Getting on the Path to $1.3 Trillion, at the State of Climate Politics Forum, E3G’s flagship event at London Climate Action Week.
- Categories
- Environment, Finance
- Region
- Global
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World Bank Grants South Africa a $1.5 Billion Loan for Infrastructure Upgrade and Green Energy Transition
Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa, contributing to slow economic growth over the last decade in Africa’s most developed economy.
- Region
- Sub-Saharan Africa
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New Report Reveals the Emerging Finance Models to Bridge the Climate Funding Gap
Despite climate and development finance growing, less than 17% of adaptation finance is allocated to building resilience in climate-impacted communities.
- Categories
- Environment, Finance
- Region
- Global
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Itaú Launches R$500 Million CVC Fund by Absorbing Kinea Ventures
The current downturn in venture capital funding, following the 2021 boom, has created a favorable environment for CVC funds that still have capital to deploy.
- Categories
- Finance
- Region
- Latin America
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Brazil, Others to Tap $1 Billion Industry Decarbonisation Programme
The countries will all be able to access cheap financing from CIF's Industry Decarbonization Investment Program, with every $1 expected to draw in $12 in financing from other sources, including development banks and the private sector.
- Categories
- Environment, Finance
- Region
- Global
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African Remittance Startup LemFi buys UK Card Issuer
Remittance flows to low- and middle-income countries rose nearly 6% last year to $685 billion, according to a World Bank estimate.
- Categories
- Finance, Technology
- Region
- Global
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Viewpoint: Afreximbank Downgrade Raises Questions About Bank’s Strategy
"The Cairo-based institution, which has grown by leaps and bounds over the last decade, often seems determined not to be bogged down by orthodox multilateral development bank practices."
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Which Countries Will Be Hit Hardest by the US Remittance Tax?
The figures in this article show how the United States’s proposed tax could impact formal remittances, including both the tax itself and the price effects.
- Categories
- Finance
- Region
- Global
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