REC Raises $500M Through Green Bonds to Support Clean Energy Projects
REC Ltd. makes a significant contribution to green finance by issuing $500 million green bonds. The funds will be allocated to renewable energy projects.
Spain’s BBVA, KKR Forge Strategic Partnership on Decarbonization Initiatives
BBVA has committed $200 million to KKR´s Global Climate Strategy, which invests in solutions at scale focused on transitioning to a low-carbon economy.
IFC Launches ClimaLab to Enable European Banks Mitigate Climate Risks
IFC launches ClimaLab to help European banks manage climate risks, promoting sustainable investments in line with the Paris Agreement.
SEBI to Widen Scope of Sustainable Finance Through ESG Debts
This category will include social bonds, sustainable bonds, and sustainability-linked bonds, in addition to the current green debt securities.
SBI Raises $250 Million Though Green Notes
This issuance, part of SBI’s USD 10 Billion medium-term note program, reaches maturity on December 29, 2028, and was executed through a private placement facilitated by its London branch
Impact Bonds Slump In 2023 Globally, Expecting Rebound In 2024
Higher interest rates, a global economic slowdown, and rising costs are cited as the primary reasons for the drop
India Stays Away from Key Pledges, UAE Unveils Green Finance and Barbados Calls for Climate Tax
India has opted out of signing two major pledges at COP28, raising eyebrows and sparking discussions about its commitment to global climate action
Sebi Expands ESG To Six New Mutual Funds Schemes
The Securities and Exchange Board of India (Sebi), the market regulator, has issued a circular introducing a new category of mutual fund schemes for ESG investing.