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UNEP FI Policy Brief Addresses Information Gaps Hindering Climate Adaptation Finance

UNEP FI Policy Brief Addresses Information Gaps Hindering Climate Adaptation Finance

The United Nations Environment Programme Finance Initiative (UNEP FI) has released a policy brief titled 'Lost in Translation: Unlocking adaptation finance through better information flows.' The brief highlights that while private capital is available for climate investment, it is not adequately reaching climate adaptation efforts. Developing countries are projected to need between US$310–365 billion annually for adaptation by 2035, yet international public adaptation finance in 2023 was only US$26 billion. Private sources currently account for a mere 3–8% of reported adaptation finance. The core issue identified is informational: financial institutions struggle to translate national adaptation priorities into viable financial propositions that can be assessed, priced, and defended. The policy brief, developed with input from the Community of Practice on Impact Measurement and Information Flows, identifies four critical types of information that can make adaptation financeable: physical climate risk data, ...

United Nations Development Programme Seeks Interns for Climate and Energy Initiatives

United Nations Development Programme Seeks Interns for Climate and Energy Initiatives

The United Nations Development Programme (UNDP) is offering a six-month internship opportunity for students and recent graduates interested in climate action, renewable energy, and sustainable development. The 'Intern – Climate and Energy Project Support' position is based at the UNDP Rome Centre for Climate Action and Energy Transition, with options for office-based work in Rome, Italy, or a home-based arrangement. Interns will support various activities including research, project coordination, investment facilitation, communications, and administrative tasks across the Centre’s climate and energy portfolio. The internship aims to provide practical experience in international development, climate policy, and energy-related programs. Eligible candidates include those currently enrolled in a graduate program, those in their final year of an undergraduate degree, or recent university graduates who can commence the internship within one year of graduation. The UNDP may provide a monthly stipend to interns no...

LSEG Research Proposes Forward-Looking Approach to Climate Ambition in Sovereign Bond Indices

LSEG Research Proposes Forward-Looking Approach to Climate Ambition in Sovereign Bond Indices

LSEG Research Proposes Forward-Looking Approach to Climate Ambition in Sovereign Bond Indices

Okra Solar Secures $7 Million Debt Facility from British International Investment to Expand Mesh-Grid Connections in Rural Nigeria

Okra Solar Secures $7 Million Debt Facility from British International Investment to Expand Mesh-Grid Connections in Rural Nigeria

Okra Solar, a Nigerian provider of mesh-grid technology for off-grid communities, has secured a $7 million debt facility from British International Investment (BII), the UK’s development finance institution. This funding will enable Okra Solar to procure equipment for approximately 150,000 new connections, with the potential to provide electricity to 750,000 people in rural Nigeria for the first time. The investment aims to accelerate access to reliable and clean electricity in Nigeria, a country where an estimated 90 million people lack dependable power. Okra Solar's mesh-grid technology combines solar generation, battery storage, and smart controls, allowing neighboring homes and businesses to share electricity cost-efficiently. The company's CEO, Afnan Hannan, stated that the facility will significantly reduce equipment delivery times and costs, allowing for faster deployment of electricity.

Ørsted Reports Exceeding Profit Estimates Amid Offshore Wind Growth and U.S. Project Impairment

Ørsted Reports Exceeding Profit Estimates Amid Offshore Wind Growth and U.S. Project Impairment

Ørsted Reports Exceeding Profit Estimates Amid Offshore Wind Growth and U.S. Project Impairment

Massachusetts Cities and Towns Receive Support for Clean Energy Initiatives

Massachusetts Cities and Towns Receive Support for Clean Energy Initiatives

Clean Energy Extension (CEE) is actively providing support to cities and towns across Massachusetts for various clean energy planning and implementation efforts. This support includes technical assistance and information on technologies such as solar PV, battery storage, offshore wind, clean heating and cooling, and electric vehicles. CEE also helps municipalities access state and federal funding programs. Specific services include customer support for MassEnergyInsight, a web-based tool for monitoring energy use, and assistance with community-wide greenhouse gas inventories. The organization also offers a solar planning toolkit to help communities proactively plan for solar PV development, including guidance on permitting, financing, and aligning municipal bylaws. Additionally, CEE encourages municipalities to recommend or require pollinator-friendly certification for solar facilities.

IFC and Citi Launch $2 Billion Trade Finance Facility for Emerging Markets

IFC and Citi Launch $2 Billion Trade Finance Facility for Emerging Markets

IFC and Citi Launch $2 Billion Trade Finance Facility for Emerging Markets

EU Commission Prioritizes Clean Electrification and Climate Finance at COP31

EU Commission Prioritizes Clean Electrification and Climate Finance at COP31

The European Union Commission is set to participate in the COP31 UN Climate Change Conference in Antalya, Türkiye, from November 9-20, 2026. The EU's primary objective at the conference is to collaborate with international partners to accelerate global climate action and fulfill the commitments of the Paris Agreement. Amidst increasing geopolitical and energy security challenges, the Commission emphasizes the growing socio-economic imperative for clean electrification, the widespread adoption of clean and renewable energy sources, a transition away from fossil fuels, and the mobilization of significant investment. European Commission President Ursula von der Leyen highlighted Europe's commitment to leading by example, aiming to become the first climate-neutral continent. The EU will also promote its 'Electrify Now' global campaign, advocate for carbon pricing through the Open Coalition on Compliance Carbon Markets, and advance green industrialization via the Climate Club. Various EU Commissioners will atte...

UN climate talks start in the year of disasters, energy price shocks and fast rising temperatures

UN climate talks start in the year of disasters, energy price shocks and fast rising temperatures

The United Nations climate negotiations will open in Turkey with a focus on three key narratives

Orsted's Revolution Wind Project Achieves Commercial Operation in U.S.

Orsted's Revolution Wind Project Achieves Commercial Operation in U.S.

Orsted, the Danish offshore wind developer, announced that its 704-megawatt Revolution Wind project has reached commercial operation in October. This milestone was disclosed in the company's third-quarter interim report on November 5. The project, located approximately 15 nautical miles southeast of Point Judith, features 65 turbines and began delivering power to the grid in March, with the final turbine installed in September. Rhode Island Energy holds a 20-year contract to purchase 400 megawatts of the farm's output, while Connecticut utilities will receive the remaining 304 megawatts. Governor Dan McKee of Rhode Island lauded the project's completion as a significant achievement for the state's workforce and energy future. The project is estimated to power the equivalent of more than 350,000 New England homes, with the federal Bureau of Ocean Energy Management (BOEM) stating it can power nearly 250,000 homes. The Rhode Island contract sets a flat wholesale price of $98.425 per megawatt-hour for the 20-y...

Ørsted Reports Strong Q3 Earnings, Exceeding Forecasts Driven by Offshore Wind Performance

Ørsted Reports Strong Q3 Earnings, Exceeding Forecasts Driven by Offshore Wind Performance

Ørsted Reports Strong Q3 Earnings, Exceeding Forecasts Driven by Offshore Wind Performance

Rīgas ūdens Completes EUR 60 Million Green Bond Program, Securing Funds for Water Infrastructure Modernization

Rīgas ūdens Completes EUR 60 Million Green Bond Program, Securing Funds for Water Infrastructure Modernization

Rīgas ūdens Completes EUR 60 Million Green Bond Program, Securing Funds for Water Infrastructure Modernization