Global investment in new capacity for renewable energy is on course to reach $2.6 trillion by the end of this decade, more than triple the amount of the previous decade, the UN says.
This decision was announced in the wake of a petition directed at PNC circulating from the Families Belong Together coalition of over 250 activist groups, representing over 11 million people.
Barclays Plc will stop providing future financing to companies that manage private prisons and immigration holding facilities, joining other major lenders in shunning the industry.
The British multinational investment bank Barclays has entered RE100, a global initiative committing to source 100% renewable electricity for their global operations by 2030.
The European Commission, European Investment Bank and Breakthrough Energy Ventures have launched ‘Breakthrough Energy Ventures Europe’: a €100m fund to support investments in clean energy.
The World Bank has announced a 10-year Global Sustainable Development bond on May 16. The investment goal of €1.5 billion was significantly oversubscribed, reaching €2 billion from 69 investors.
By helping clean energy business tap global markets, Bank of America is funding valuable sustainable projects and also creating green jobs, spurring economic progress.
World Bank Group is providing USD$22.5 billion to Africa for climate mitigation and adaptation across five years beginning with 2021, adding to the $17 billion already committed through the Africa Climate Business Plan.
The European Investment Bank (EIB) and the Palestine Investment Fund (PIF) revealed the signing of a loan agreement worth $18 million which will finance the installation of 35 megawatts (MW) of solar PV systems on 500 public schools in the West Bank.
The Government Pension Fund Global, which was built off Norway’s oil revenues, will begin phasing out $8 billion held in 134 firms to reduce the fund’s risk from volatile oil prices.
