Remove global-development climate-finance
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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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alterBiota secures $4 million seed financing led by Invest Nova Scotia

Canadian Manufacturing

has closed a $4-million seed financing round led by Invest Nova Scotia and BDC Capital’s Climate Tech Fund with $1.5 “This financing milestone is a major victory for the alterBiota team and our committed partners,” said Mark Masotti, Co-Founder and CEO of alterBiota. . SYDNEY — alterBiota Inc. million each.

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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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COP28 – Key Transformations to Expect

Frost & Sullivan Manufacturing

Introduction Climate change is an urgent crisis requiring immediate and unified global action to address increasing carbon emissions and explore ways to transition towards a sustainable future. Global Carbon dioxide levels and temperatures continue rising, exceeding pre-industrial eras by 1.1 degrees Celsius.

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Australia funding just one-tenth of its global fair share on climate: report

AU Manufacturing

Australia’s investment in climate solutions for the region is falling short at a time when the new Government is seeking to rebuild its reputation with our Pacific neighbours, according to a new report. This includes supporting a Pacific Islands proposal for a standalone finance arm to address loss and damage.

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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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ARENA’s $2b hydrogen headstart initiative included in new federal budget

AU Manufacturing

The Australian Renewable Energy Agency (ARENA) has welcomed $2 billion in new financing announced in the 2023-24 Federal Budget for its Hydrogen Headstart initiative that aims to support Australia’s largest green hydrogen projects. ARENA said it has been allocated $4.2 Last year, ARENA conditionally approved $47.5