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FSDAi, InfraCredit Invest $13 Million in Nigeria’s Green Projects
The lack of investment available for early-stage, or “greenfield” projects, particularly climate-aligned infrastructure projects, continues to be a challenge due to perceived high risks.
- Categories
- Environment, Investing
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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Vice President Harris Announces Over $7 Billion in Private Sector and U.S. Government Commitments to Promote Climate Resilience, Adaptation, and Mitigation across Africa
These new investments and initiatives will generate significant economic benefits while addressing African nations’ pressing needs resulting from the climate crisis.
- Categories
- Agriculture, Environment, Transportation, WASH
- Region
- Sub-Saharan Africa
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How Inclusive Finance Can Address the World’s Most Fundamental Challenge: Food Security, Nutrition and the European Microfinance Award 2023
According to the World Food Programme, the world is facing “a food crisis of unprecedented proportions.” Joana Afonso, Sam Mendelson, Fernando Naranjo Galindo and Daniel Rozas at the European Microfinance Platform (e-MFP) explore the multiple drivers and dimensions of food insecurity, and explain why the financial inclusion sector is uniquely placed to address it. They share how the e-MFP's European Microfinance Award 2023 is promoting innovative solutions to the crisis through its focus on “Inclusive Finance for Food Security & Nutrition.”
- Categories
- Agriculture, Finance, Transportation
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Press Release: World Bank and Ethiopia Sign $40 Million Agreement to Cut Carbon Emissions Through Sustainable Landscape Management
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL).
- Categories
- Agriculture, Environment
- Region
- Sub-Saharan Africa
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New Community Solar Microgrids for Nigeria
Energy services company Husk Power Systems has secured funding from Germany’s development finance institution DEG.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Impact Investment Exchange (IIX) Closes the Women’s Livelihood Bond™ 5 – the Fifth Issuance in the Women’s Livelihood Bond™ Series and the World’s First Orange Bond
The US$50 million IIX Women’s Livelihood Bond™ 5 is the first sustainable debt security in the market issued in compliance with the Orange Bond Principles and is expected to empower ~300,000 women and girls across Asia and Africa.
- Categories
- Investing
- Region
- Global
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Viewpoint: Can We Rewrite the Rules of Green Finance Quickly Enough?
The use of ESG analysis in investment decision-making is still routinely conflated with the measurement of sustainable outcomes. We need a sharper lens.
- Categories
- Environment, Impact Assessment, Investing
- Region
- Global
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