The International Finance Corporation (IFC) has joined forces with Axis Bank to provide a $500 million loan aimed at expanding green and blue project financing in India. This landmark partnership marks IFC’s first blue loan in India, a significant step toward supporting water conservation and marine ecosystem restoration, alongs...
AIIB Commits $100M to Accelerate Asia’s Low-Carbon and Gender-Inclusive Energy Transition
The Asian Infrastructure Investment Bank (AIIB) has committed $100 million to support climate transition initiatives across emerging Asia, marking its first investment in a dedicated climate transition fund. Of the total, $75 million will go to the Actis Asia Climate Transition Fund, with up to $25 million reserved for direct co...
Mizuho Joins NextGen CDR Facility: First Japanese Bank to Commit to Tech-Based Carbon Removal Credits
Mizuho Financial Group has taken a pioneering step in the financial sector by becoming the first Japanese bank to commit to long-term purchases of technology-based carbon dioxide removal (CDR) credits. The bank’s participation in the NextGen CDR Facility, a joint venture between Mitsubishi Corporation and South Pole, is aim...
ADB Boosts Climate Finance by $7.2B with U.S. and Japan Guarantees
The Asian Development Bank (ADB) is set to increase its climate-related lending by up to $7.2 billion, thanks to sovereign guarantees from the United States and Japan. This groundbreaking move marks a significant step in scaling up financing for climate projects, allowing ADB to provide more support...