Climate & Esg News

Climate & ESG

AIIB commits $125 million to OTP Bank for climate finance in Hungary, Croatia, Serbia

The Asian Infrastructure Investment Bank has committed up to $125 million to OTP Bank's Tier 2 bonds to expand climate finance across Hungary, Croatia, and Serbia. The facility supports renewable energy, energy efficiency, and greenhouse gas reduction, building on a $200 million AIIB facility approved in 2024.

2 days ago • Croatia;Hungary;Serbia

Oil & Gas

Technip Energies secures two FEED Contracts for Gabon refinery revamp and expansion

Technip Energies has won two FEED contracts from SOGARA to upgrade and expand its Port-Gentil refinery. The projects aim to meet Africa’s strict sulfur standards, reducing emissions while boosting local refining capacity and economic activity.

2 days ago • Gabon

Investments & Funding

AfDB approves $10.4 million grant for Ghana's public financial management reforms

The African Development Bank has approved a $10.41 million grant to strengthen Ghana's public financial management, improve domestic resource mobilisation, and prepare a new national development plan. The SIEFEG project targets spending oversight, gender equality, and climate resilience amid recent macroeconomic improvements including reduced inflation and fiscal deficit.

2 days ago • Ghana

Investments & Funding

Caribbean Development Bank approves $50 million climate loan for Guyana

The Caribbean Development Bank has approved $50 million in policy-based financing for Guyana as part of a $175 million two-loan programme. The funding supports climate resilience, biodiversity management, and water governance reforms under Guyana's Low Carbon Development Strategy 2030.

2 days ago • Guyana

Climate & ESG

DBP approves P2 billion flood control financing for Kabankalan City

The Development Bank of the Philippines has signed a P2 billion loan agreement with Kabankalan City to fund flood mitigation infrastructure under its ASENSO financing program. The package includes three term loans with tenors of five, ten, and fifteen years, covering climate adaptation and disaster resiliency projects.

2 days ago • Philippines

Agriculture & Farming

GCF approves $50m Jamaica climate resilience project targeting smallholder farmers

The Green Climate Fund has approved a $50 million project led by FAO to bolster climate resilience for smallholder farmers in central Jamaica. The initiative aims to address hurricane frequency, drought, and erratic rainfall affecting 70% of the country's domestic food production.

2 days ago • Jamaica

Climate & ESG

Kent secures FEED contract for Mediterranean's first permitted CO₂ storage project

Kent has been awarded the front-end engineering design contract for EnEarth's Prinos CO₂ storage project in northern Greece. The facility, designed to inject up to 2.8 million tonnes annually, is the first in the Mediterranean to receive environmental and storage permits and holds EU Project of Common Interest status.

2 days ago • Greece

Climate & ESG

European Commission deploys EUR 103 million to accelerate climate resilience and circular economy projects

The European Commission has allocated over EUR 103 million via its LIFE programme to fund seven strategic environmental initiatives across the EU. These projects, spanning water security, nature restoration, and circular manufacturing, are designed to catalyze further private and public investment while strengthening regional economic stability.

2 days ago • European Union

Climate & ESG

Uttar Pradesh secures World Bank funding for $299.66m clean air push

The World Bank has committed $299.66 million to support Uttar Pradesh's Clean Air Management Program, targeting emission reductions in transport, industry, and agriculture. The initiative aims to mobilize $150 million in private capital, expand clean cooking access to 3.9 million households, and modernize brick kiln operations across the state.

2 days ago • India

Climate & ESG

ADB signals expanded financing support for ASEAN Vision 2045 regional integration agenda

The Asian Development Bank has pledged stronger financial and advisory support for Southeast Asia as ASEAN advances its long-term Vision 2045 strategy. The initiative prioritizes regional infrastructure, energy connectivity, digital readiness, and economic coordination amid global economic uncertainty and rising geopolitical risks.

2 days ago • Southeast Asia

Oil & Gas

EU approves EUR 260 million Belgian state aid for Air Liquide and BASF carbon capture project

The European Commission has cleared a EUR 260 million subsidy from Belgium to support the Kairos@C carbon capture and storage (CCS) initiative. This joint venture between Air Liquide and BASF aims to decarbonize industrial production in Antwerp through a cross-border North Sea storage network.

2 days ago • Belgium

Climate & ESG

Ashghal awards Consultancy contract for KITC renovation and wind mitigation works

Ashghal has awarded Gulf Consulting Group a QAR 1.4 million consultancy contract for post-contract services on the KITC renovation and wind mitigation project

2 days ago • Qatar

Climate & ESG

World Bank approves $141 million disaster risk management support for Rwanda to boost climate resilience

The World Bank approves $141 million in disaster risk management support for Rwanda, including a Cat DDO, to strengthen climate resilience, improve infrastructure, and safeguard communities from flood

2 days ago • Rwanda