Remove global-development climate-finance
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Top 10 robotics stories of December 2024

Robotics Business Review

Subscribe to The Robot Report Newsletter and listen to The Robot Report Podcast to stay up to date on the robotics developments you need to know about. Huawei established Jimu in June 2023, when it registered the company with 870 million yuan in financing (about $121 million), according to Huawei Central. Read more. Read more.

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Banks invest trillions in Global South fossil fuel expansion despite climate warnings

E&T

Bank financing for the fossil fuel industry in the 134 countries of the Global South has reached an estimated $3.2tr since 2016, when the Paris Agreement on Climate Change entered into force, according to ActionAid.  The two industries are the largest global contributors to climate change.

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UK pledges £1.6bn for international Green Climate Fund

E&T

During the G20 summit in New Delhi in India, the Prime Minister Rishi Sunak announced the UK would commit a record £1.6bn to the UN-backed Green Climate Fund. The news also follows the government’s announcement at COP27 that the UK would triple its funding for climate adaptation.

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ABB and Export Development Canada’s new partnership aims to drive clean tech financing globally

Automation Mag

ABB and Export Development Canada (EDC) have signed a global partnership to promote investments in sustainable technologies and projects in Canada and around the world. EDC will offer commercial financing on a project-by-project basis and the partnership will initially run for three years.

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Investors holding $1.5tn in assets call on European banks to cut fossil fuel funding

E&T

The investors, who include Candriam, La Française Asset Management and Brunel Pension Partnership, expressed concern that new oil and gas fields may jeopardise the global path to net zero. First, they must stop directly financing new oil and gas fields. As the letters point out, direct financing is only the tip of the iceberg.

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Global Automotive Industry at the Crossroads: The Carbon Neutrality Mandate and Strategic Pathways to Net-Zero by 2030

Frost & Sullivan Manufacturing

Automotive OEMs that successfully integrate carbon net-zero strategies across their value chains will not only achieve regulatory compliance but also secure strategic leadership in a decarbonized global economy. By Thanigesh Arumugam Parthasarathi, Team Leader Mobility Carbon neutrality has become a key priority for global automotive OEMs.

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Australian must decarbonise Pilbara or risk a $250bn industry, says new report

Manufacturer's Monthly

Released today by Climate Energy Finance (CEF), the report urges Australia to make use of its biggest single future export opportunity that surrounds the Pilbara, the country’s resources engine room and the world’s biggest exporter of iron ore.