The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing and emerging economies in 2017, a new record seven-year high and up 28% on 2016.
The African Development Bank issued green bonds worth SEK 1.25 billion ($134 million). This was the first green bonds issue by the Bank this year, the fifth overall and the third in Swedish Krona.
A total of $81 billion in climate financing was mobilised for projects being funded by the world’s six largest multilateral development banks, according to a new report. According to the new report, the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, the total $81 billion dedicated to financing climate change … [continued]
Originally published on Climate Progress. By Emily Atkin. Projects to help boost private investment in renewable energy, energy efficiency and sustainable forests in six African countries have received $330 million in funding from the African Development Bank and the Climate Investment Funds, the AfDB announced Thursday. Ghana, Burkina Faso, the Democratic … [continued]
The African Development Bank and South African state-owned electric utility Eskom signed a $365 million loan package that will help fund two historic renewable energy projects. The AfDB also pledged $498 million for Moroccan solar power projects. Africa, along with all nations around the world, stands at an energy crossroads. The AfDB loans will provide a substantive boost as South Africa and Morocco attempt to transition to clean energy economies that may serve as a model across the continent and beyond.
