Our Scans · (FS.9.00) Sustainable & Green Finance · Weekly Summary

• [New] Green finance has the potential to reduce costs and increase efficiency, and the global community is gradually shifting from an industrial economy to a new era of digital economy. MDPI
• [New] The banking sector, as a major part of China's green financial system, undertakes significant responsibility for green finance while also confronting the opportunities and requirements of digital transformation. MDPI
• [New] By prioritising infrastructure investment and fostering collaboration between governments, private sector stakeholders, and development partners, Africa can unlock its full potential and achieve sustainable and inclusive development. Engineering News
• [New] A transition to green wastewater-treatment approaches in the U.S. that leverages the potential of carbon-financing could save a staggering $15.6 billion and just under 30 million metric tons of CO 2 - equivalent emissions over 40 years. phys.org
• Environmental crimes like land grabbing, illegal deforestation, and poaching hinder climate action, deter investment in sustainable practices, and threaten biodiversity across major biomes worldwide. Mongabay Environmental News
• Clean Food Group secures £2.5M in funding led by Clean Growth Fund for its sustainable oil and fat substitutes, aiming for a 2025 commercial launch. Nutrition Capital Network
• Green hydrogen and green ammonia production will require investments worth $30 billion and $10 billion, respectively. pv magazine India
• Avendus Capital's latest report on green hydrogen estimates cumulative investments of $125 billion by 2030, across the value chain spanning electrolyzer production, renewable energy generation, and green hydrogen and green ammonia production in India. pv magazine India
• Adani Green Energy will invest Rs 1.5 trillion in expanding capacity to generate electricity from solar energy and wind power at Khavda in Kutch, Gujarat. Projects Today
• By supporting innovative household solutions and investing in climate-resilient infrastructure, impact investors can contribute to the Sustainable Development Goals and improve the well-being of communities around the world, aligning values with the potential for financial returns. GreenMoney
• India can lead collaborations to boost trade and investments and support global players in meeting their ESG and sustainability targets by 2027. ThePrint
• Global harmonization of Islamic finance principles could smooth the process for issuing sustainable sukuk to fund climate change mitigation measures in core Islamic finance markets. Environmental Finance
• The Federal Ministry of Education and Research is providing funding for the identification of suitable sites for green hydrogen production in Africa within the framework of the Atlas of Green Hydrogen Generation Potentials in Africa. PortNews
• Climate change and the green transition, geopolitical shifts due to the Russian invasion of Ukraine and tensions between the United States and China, as well as rapid advances in artificial intelligence and digitalization will require exceptionally high investment. European Central Bank
• Restoring productivity growth and building the resilience, sustainability and competitiveness of the UK economy will mean phasing up public sector investment to the order of an additional 1% of GDP per annum (£26 billion at current prices). Grantham Research Institute on climate change and the environment
• The $700 million NEAT program will help Zambia's national power utility, ZESCO, return to sustainability, attract new private sector investment at scale to enable new growth, and deliver more inclusive development across the national territory. Lusaka Times
• At the 7th Nigerian International Energy Summit in Abuja, Shell emphasized the need for Africa to harness its energy potential through partnerships, technological innovation, and sustainable financing to drive energy security, transition, and economic prosperity. Abuja City Journal
• A main pillar of President Luiz Inacio Lula da Silva's economic policy is a sweeping reindustrialization plan that will provide credit and funding to sectors like health, defence and agribusiness, along with initiatives to foster a green transition in Brazil. Yahoo Finance
• The Romanian companies will be invited to apply for grants under the Modernization Fund in a total amount of EUR 815 million for investments in green energy projects, to increase the energy efficiency of their factories, or for new renewable energy production units. Romania Insider
• Developing countries can bolster their capacity to attract investments, which could spur economic growth and contribute to meeting the global demand for critical energy transition minerals in a sustainable manner. UNCTAD
• Escalating investments in research and development and launches in production technologies will catalyze the industry growth of sustainable aviation fuel over 2023-2032. Yahoo Finance
• The US and the EU have huge subsidy schemes to promote the green transition, and while the UK is reasonably competitive in some green technology, new investment could bring new growth and reduce dependency on overseas energy. The Conversation

Last updated: 23 April 2024