Just three days before he left office on January 20, U.S. President Barack Obama transferred a second installment of US$500 million to the Green Climate Fund, based in South Korea’s Songdo International Business District.
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Nineteen global banks and investors, worth a total of US$6.6 trillion in assets, have agreed on a set of standards for financing sustainable development framed as the first-ever Principles for Positive Impact Finance.
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Commodity production drives two-thirds of tropical deforestation worldwide, asserts Trase, a new online information and decision-support platform aimed at improving the transparency, clarity and accessibility of the commodity supply chains that drive tropical deforestation.
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In a unanimous vote Tuesday, Seattle City Council punished Wells Fargo Bank for investing in the controversial Dakota Access Pipeline by taking away about $3 billion in city business annually.
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A UN-backed app is transforming green finance. At the World Economic Forum in Davos in January, the UN Environment Programme and Ant Financial Services Group, the Chinese online and mobile financial services provider, unveiled the Green Digital Finance Alliance.
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The frequency of natural disasters worldwide has more than doubled in just 35 years and their frequency is expected to increase due to climate change. Ninety percent of natural hazards are water related, so wetland protection is essential for reducing these risks.
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