Focus on Finance
Climate finance from multilateral banks up to $125 billion in 2023
Climate finance broadly refers to funding for climate change activities and can include grants, loans and proceeds from bonds.
Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal
Nippon Steel agreed with three Japanese banks for $16bn in loans to fund the acquisition of U.S. Steel, now is facing political opposition.
Weak demand for low-carbon products hampers green investment, COP28 initiative says
Global green investment is lagging behind required levels to help transition heavy industry sectors to lower emission methods.
AIR COMPANY gets Avfuel, Alaska Airlines backing in funding round
SAF manufacturer AIR COMPANY secures investment from aviation fuel supplier who will act as preferred distribution and logistics partner.
Italy’s central bank backs helping poorer countries fund energy transition
Climate finance for less wealthy countries gains support of Italy's Fabio Panetta, who calls for those with higher per capita emissions to step...
Apollo inks $1bn deal with BP to fund stake in Trans Adriatic gas pipeline
Asset management company to become non-controlling shareholder funding BP's stake in Trans Adriatic natural gas pipeline.
India gets $386bn financial commitment to expand renewable capacity
Banks and financial institutions pledge money to expand Indian renewable capacity by the end of the decade.
