A recent post by the International Finance Corporation highlighted an investment by Circulate Capital, a Singapore-based climate fund, in Union J Plus in Thailand, “a women-owned and led company that collects and recycles large volumes of domestic plastic waste in Thailand and converts it primarily into premium, food-grade polyolefin plastic”. The injection of capital “will…(Read more)
Tag: environmental impact
Plastics Circularity Investment Tracker Identifies $160B in Private Investments
In early November 2023, The Circulate Initiative, a US non-profit, published the key global findings of its Plastics Circularity Investment Tracker, an online tool for investors. For the period 2018-2023, the tracker identified 3,700 investment deals around the world and USD 160 B worth of investments in upstream and downstream products and services, including materials,…(Read more)
China-Singapore Green Finance Task Force
In climate finance for the global transition to clean energy, one of the most significant events of 2023 has been the establishment of the China-Singapore Green Finance Task Force. The group is chaired by Dr. Ma Jun, Chair of the China Green Finance Committee, and Ms. Gillian Tan, Assistant Managing Director and Chief Sustainability Officer…(Read more)
Renewables Save $.5B in Fuel Costs in 2022
A new report by the International Renewable Energy Agency (IRENA) finds that: “the renewable power added in 2022 reduced the fuel bill of the electricity sector worldwide. New capacity added since 2000 reduced the electricity sector fuel bill in 2022 by at least USD 520 billion.” IRENA’s Director-General, Francesco La Camera, said: “There is no…(Read more)
New Public Sector Index: Measuring the Capabilities of Local Governments to Solve Critical Challenges
Writing in Project Syndicate, Mariana Mazzucato of University College London and James Anderson of Bloomberg Philanthropies introduce their project to develop a new public sector index of the capabilities of cities to solve critical challenges. “What critical skills, processes, and structures”, the authors write, “will a given municipality need in order to detect emergent issues…(Read more)
A Just Energy Partnership for Senegal
One of the concrete wins for the Global South at the Macron-Motley Climate Finance in late June 2023 in Pairs was the announcement by the European Union and other development partners of a Euro 2.5 B Just Energy Partnership for Senegal. “This partnership will help accelerate the deployment of renewable energies, so as to increase…(Read more)
Talks toward a global plastics pollution agreement held in Uruguay
In late 2022, the first session of the Intergovernmental Negotiating Committee to develop an international legally binding instrument on plastic pollution, including marine litter, was held in Punta del Este, Uruguay. At the conference, UNEP’s Executive Director, Inger Andersen, called for a broad, inclusive and science-driven agreement that provides adequate resources for developing countries. “We…(Read more)
High Ambition Coalition ready to deliver on 30X30 biodiversity commitment
On December 19, 2022, following 116-country member High Ambition Coalition for Nature and People, co-chaired by Costa Rica and France, “celebrated the inclusion of a historic target to protect or conserve at least 30% of the planet’s land and ocean by 2030 (30×30) in the United Nations Kunming-Montreal Global Biodiversity Framework approved today at the…(Read more)
Opportunities and threats for US clean energy in 2023
Writing for Canary Media on January 2, 2023, Jeff St. John surveys the potential for and barriers to renewable energy growth in the United States, asking whether the Inflation Reduction Act can power the sector to overcome significant obstacles and achieve new levels of scale and capacity. Specifically, to what extent can the IRA reduce…(Read more)
In 2022, green lending exceeded debt financing for the fossil fuel industry
“For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies,” writes Bloomberg’s Tim Quinson. Data compiled by Bloomberg show that, in 2022, “roughly $580 billion was arranged in 2022 for renewable energy and other environmentally responsible ventures, while the oil, gas and coal industries turned to…(Read more)