Month: July 2022

IFC, ICMA, UNGC, UNEP FI, and ADB Announce Coalition to Support the Blue Economy

Stuart Mitchell

On the sidelines of the UN Ocean Conference in Lisbon, IFC, a member of the World Bank Group, together with four of the top international organizations have announced their commitment to develop guidelines that would provide the global market consistency and transparency in financing the blue economy. IFC, the International Capital Markets Association (ICMA), United Nations Global Compact, United Nations Environment Program Finance Initiative (UNEP FI), and the Asian Development Bank (ADB) are partnering to develop a global practitioner’s guide for bonds to finance the sustainable blue economy. It will aim…

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Consumers’ healthy-eating choices wane as cost of living bites

Stuart Mitchell

The number of adults saying they are coping on their current salary has fallen 5.5% since pre-2020 lockdown, with only half of young adults and just under two-thirds of women saying they are coping on their current income. Meanwhile, the number of adults preferring to eat organic food has fallen by almost a third in early 2022 particularly among younger generations and women, and the number of all adults preferring not to buy food that has been genetically modified has dropped by almost 40%. These are just some of the…

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Vattenfall and St1 form a new partnership to produce a large volume of fossil-free aviation electro fuel on the Swedish west coast

Stuart Mitchell

Vattenfall and St1 have signed a Letter of Intent to develop a fossil-free value chain for production of synthetic electro fuel and the next step is to jointly conduct a feasibility study. The study aims at addressing the full value chain for production of electro fuel from offshore wind, starting 2029 and gradually growing towards the target of one million cubic meters. Vattenfall and St1 will jointly conduct a feasibility study with the ambition to develop a fossil-free value chain for production of electro fuel, through offshore wind. In the…

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Pioneering renewable energy company targets £5m raise in new share offer

Stuart Mitchell

Thrive Renewables, which has been funding clean energy projects since 1994, has launched a crowdfunding offer in order to build new renewable energy generation and storage across the UK. It comes at a critical time for UK energy policy, with renewables a key sector for growth in response to the gas price crisis. Recent development projects Thrive Renewables has invested in include England’s tallest onshore wind turbine in partnership with Ambition Community Energy, a 20MW battery project in Bristol and the UK’s first commercial deep geothermal electricity generation plant in…

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Bloomberg Philanthropies Joins $1B USD Pledge to Protect 30 Percent of the Ocean by 2030

Stuart Mitchell

At the 2022 UN Ocean Conference, Bloomberg Philanthropies and eight philanthropic partners committed a collective $1 billion USD to support ocean conservation and the creation, expansion, and management of marine protected areas. This single commitment is roughly equal to all philanthropic giving for marine protected areas and habitat protection over the past decade and will help put ambitious ocean conservation goals within reach by supporting initiatives that help governments, and indigenous and local communities protect at least 30 percent of the ocean by 2030. This pledge builds on Bloomberg’s decade-long…

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