This archive covers finance as a force for good — from community lending programs and debt relief wins to policy shifts expanding economic access. Sixty articles track real progress in how money moves, who controls it, and what financial systems can look like when they work for more people.
Australia and Norway have formally joined the Clean Energy Transition Partnership (CETP), a historic alliance aiming at ending international public subsidies for fossil fuels. The CETP was launched during COP26 in Glasgow and has grown to include 41 countries and organizations, signaling a significant step forward in combating the climate catastrophe.
The GBFF has been designed to mobilize and accelerate investment in the conservation and sustainability of wild species and ecosystems and has already drawn over $200 million in investments from Canada and the U.K.
Ecuador launched a plan that would effectively wipe out roughly $1 billion of interest on part of its debt in exchange for its protection of the Galápagos Islands.
The Nature Conservancy announced it will work with partners to buy a piece of Barbados’ national debt and refinance it to facilitate this goal.
Portugal’s floating solar auction just made history with a negative price: one winning bidder agreed to pay the grid 4.13 euros per megawatt hour for the right to generate clean electricity over 15 years. EDP Renováveis pulled this off by bundling 70 megawatts of floating panels on Western Europe’s largest artificial lake with wind power and battery storage, letting the profitable pieces carry the solar contract. The environment ministry estimates the auction will deliver 114 million euros in savings for Portuguese electricity consumers. It’s a striking signal of how far renewable economics have come — and a glimpse of what’s possible when countries get creative about stitching clean energy technologies together.
The rules “aim to support public confidence in the impartiality and integrity of the Committee’s work by guarding against even the appearance of any conflict of interest,” according to the Fed.
The confirmation follows pressure from a network of civic groups named Korea Beyond Coal, which has advocated for a complete coal phase-out in Korea by 2030.
The initiative, One Million Black Women, is named for and guided by the goal of impacting the lives of at least 1 million Black women by 2030.
“It won’t be easy to do, but we’re determined to take bold steps to help tackle the climate crisis,” the company said in a press release. The plan is for Aviva to be net-zero carbon by 2040.
The decision from Credit Suisse, ING, and BNP Paribas is seen as a major victory for environmental and Indigenous rights activists, Reuters reported.
