KiwiRail wins world 1st green loan certification for battery-powered ferries offshore-energy.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-energy.biz Daily Mail and Mail on Sunday newspapers.
With only a decade left to reduce emissions drastically, the scale, pace and extent of global transformation needed is truly demanding. Long-term emission goals and the nature of the low-emission transition in each country will be a function of its unique socio-economic priorities, capabilities, resource endowment, vision for post 2050 economic structure, and social and political acceptability of what constitutes a just transition. As we enter the decade for delivery , a whole of economy approach is needed to realise the low-emission transition. This includes focusing not only on upscaling zero and near-zero emitting technologies and businesses but also supporting, to the extent possible, the progressive lowering of emissions in high emitting and hard to abate sectors. In this context, transition finance is gaining traction among governments and market participants. To identify the core features of transition finance, this paper reviews 12 transition relevant taxonomies, guidance an
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ADB signs $116m green loan for three wind farms in Vietnam
Out-Law News | 02 Jun 2021 | 2:38 am | 1 min. read
The Asian Development Bank (ADB) has signed a $116 million green loan with three local firms to finance the construction and operation of three 48 megawatts (MW) wind farms in Quang Tri province, Vietnam.
The project will increase Vietnam’s wind power capacity by 30% which will help Vietnam meet the rapidly growing demand for energy, said a statement.
It is part of a $173m green loan project financing package arranged and syndicated by ADB. It is ADB’s first financing of a wind power project in Vietnam and is certified by the Climate Bonds Initiative. The loan includes a $35m A loan directly funded by ADB and an $81m syndicated B loan.
The green bond market is relatively young and has deve­loped rapidly in recent years. Climate Bonds Initiative, an international organisation working to mob