Global innovators invited to bring climate-smart cooling solutions to India

Innovations sought include refrigerated warehousing, space conditioning for packaging and sorting, inter and intra-city mobile cooling solutions for pharmaceuticals and other temperature-sensitive goods

Biogas $70m funding to shake up Brazil’s energy mix

Grupo Cocal will use the funding to build a biogas production unit to distribute renewable energy to the State of São Paolo from July 2022

Korea commits $9m for global climate smart initiatives

Korea will work jointly with the IFC to deploy resources in targeted ways that deliver on the new climate ambitions of their partnership

IFC provides ‘landmark’ loan to support gas flaring reduction in Iraq

The project is expected to increase Basrah Gas Company’s processing capacity, avoiding more unnecessary flaring and associated greenhouse gas emissions by around 10 million tons per year

Global innovators selected to pilot ‘game-changing’ energy efficient cooling tech

The programme is funded by the UK Government’s International Climate Finance, offering a total of $1.5m in grant funding for the pilot implementation

Green bonds issuance in emerging markets ‘to reach $100bn by 2023’

The post-pandemic recovery is expected to provide significant opportunities for green and sustainability-related projects, including renewable energy, green urban infrastructure and climate-smart agriculture

Africa exploits just 0.01% of its wind energy potential

The African continent can have a total wind capacity of over 59,000GW, a report finds

New partnership to promote sustainable finance in Brazil

The Brazilian Federation of Banks and the International Finance Corporation will work together to support banks in implementing good climate risk management practices and training new businesses in making green investments

New partnership to help boost energy efficiency in Ukraine’s housing sector

Loans will be provided to homeowners’ associations that are participating in the Energy Efficiency Fund programme

New initiative to help banks in the Philippines, Mexico and Egypt scale climate finance

It is designed to increase climate lending by participating banks to 30% of their portfolios by 2030, while reducing exposure to coal