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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.
Compounding this, Commercial lenders have been the focus of extensive appeals and warnings, from across the development sector and in broader media coverage, about the moral or planetary imperative of boosting climate finance — but these attempts at persuasion have not yet proven to be an effective driver of institutional behavior. Without a clear story about where the profit will come from and how soon, climate remains a peripheral concern rather than a portfolio opportunity for these institutions.- Categories
- Environment, Finance, Investing
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Weather Forecasting Training Program Brings the Power of AI to Low- And Middle-Income Countries
MBZUAI, AIM for Scale, and the University of Chicago, have launched a first-of-its-kind weather forecast training program.
- Categories
- Education
- Region
- Global
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Cambodia’s ATEC Raises $15.5 Million in Funding Round Co-Led by Lightrock and TRIREC
The rollout will focus on Bangladesh, Cambodia, Malawi, and Nepal, entrenching ATEC’s presence in Asia and Africa.
- Categories
- Energy, Investing, Technology
- Region
- South Asia
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Tanzania’s MazaoHub Raises $2 Million to Expand AI-Powered Climate-Smart Farming in Africa
Tanzanian agritech startup MazaoHub has secured US$2 million in an oversubscribed pre-seed round to accelerate its mission of transforming smallholder farming through a blend of artificial intelligence and hands-on agronomy.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa
Backers include Green Climate Fund, IFC, Shinhan Bank, Nordic Development Fund and Soros Economic Development Fund.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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Mohinani Group Partners with Norfund to Advance rPET Recycling Projects in Ghana and Nigeria
The partnership aims to accelerate investment into the recycling and processing of post-consumer PET plastics, bolstering local recycling capacity while reducing environmental waste and dependence on virgin plastic.
- Region
- Sub-Saharan Africa
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Brazil’s Market-Based Forest Fund Gets New Endorsers Ahead of COP30 Debut
The Tropical Forest Finance Facility (TFFF) initiative is expected to be launched at Brazil’s COP30, in November, and has received attention due to potential financial support from China.
- Categories
- Environment
- Region
- Latin America
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