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Companies need a stand-alone rating focused on climate risk that’s distinct from the ESG rating system.
Analysis: It’s Time to Give Companies Standalone Climate RatingsBlog Post
If the world hopes to address climate change, large corporations must transition away from fossil fuels for their power needs. To that end, corporations can buy renewable energy certificates, allowing them to claim renewable energy use and meet their climate commitments, while providing needed funding to renewable projects. But as Beatrice Kennedy at Powertrust points out, emerging markets generally lack access to this solution. She explores how distributed renewable energy certificates (D-RECs) can address this gap, leveraging blockchain and open-source technology to create a global marketplace for renewable energy generated in emerging countries.
How Global Corporations Can Boost Local Renewable Energy Production: The Transformative Potential of D-RECs in Emerging MarketsNews
Dr. Akinwumi Adesina, said the Bank is committed to mobilising $25 billion in funding to help African countries adapt to climate change.
African Development Bank Commits to $25 Billion Funding for Africa’s Climate AdaptationNews
ApiJect’s system was invented by Marc Koska, a social entrepreneur who worked for decades in developing countries to prevent deaths from the reuse of contaminated needles.
Syringe Maker ApiJect Reels in $111 Million in Private Investment RoundNews
$50 million commitment will support the scale-up of the Universal Energy Facility and advancement of countries’ energy access and transition plans.
Global Energy Alliance for People and Planet and Sustainable Energy for All Announce Expanded Partnership to Tackle Energy Poverty WorldwideBlog Post
Climate change imposes significant costs on the economy, and addressing the crisis is key to businesses’ long-term success and viability. But as Roger-Mark De Souza at Pact explains, despite the growing urgency of the need, the business case for moving toward sustainability – and the fact that up to 80-90% of investors want to invest in socially and environmentally friendly ways – actual green investing hovers at just 10%. He explores the reasons for the gap between investor interest and action, and proposes three ways to address it.
Redefining ‘Business as Usual’: Three Ways to Overcome Barriers to ESG and Climate FinanceNews
CarePoint, a technology-driven healthcare startup, has raised a $10 million bridge round to accelerate its growth across Africa.
CarePoint Raises $10 Million to Spread Healthcare Tech Across AfricaBlog Post
International trade breaks down borders and provides societal and economic advancements in countries around the world. But as Derek Bullen at S.i. Systems points out, despite these benefits, there's a widespread perception that the businesses and individuals that drive this globalized, free market system only bring wealth to themselves. He argues that criticisms of globalization – and the outsourcing and wealth concentration it involves – are fundamentally flawed, and explains how wealthy individuals and their businesses benefit both affluent and emerging economies.
In Defense of Wealth Creators: Why Globalization, Outsourcing – And Rich People – Are a Good Thing for Developed and Emerging Economies
