Tag: Global Green Growth Institute (GGGI)

Zambia and Norway Sign Purchase Agreement on Emission Reductions

Stuart Mitchell

Norway and Zambia have signed a Mitigation Outcome Purchase Agreement (MOPA) under Article 6 of the Paris Agreement facilitated by the Global Green Growth Institute (GGGI)’s Carbon Transaction Facility (CTF), launching the Carbon Feed-In Premium (CFIP) Program to accelerate new renewable energy generation in Zambia. The Program will provide performance-based payments for verified emissions reductions linked to renewable electricity delivered to Zambia’s national grid. The CFIP Program is designed to help unlock clean energy investment by reducing risk for developers and supporting Zambia’s national energy and climate priorities. By paying…

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Gold Standard and Global Green Growth Institute sign landmark Memorandum of Understanding

Stuart Mitchell

Gold Standard and the Global Green Growth Institute (GGGI) have signed a Memorandum of Understanding (MoU) to advance collaboration on high-integrity carbon markets and strengthen global efforts to achieve the goals of the Paris Agreement. Under the MoU, Gold Standard and GGGI will work together to enhance the integrity and effectiveness of global carbon markets by enabling credible carbon transactions through joint certification tools and methodologies, shaping international market architecture by promoting robust frameworks and digital infrastructure across sectors, and building national capacity through technical assistance and knowledge sharing to…

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50 million USD green bond issued for a solar plant in Kampong Chhnang province (Cambodia)

Stuart Mitchell

SchneiTec Dynamic announces the issuance of a 15-year green bond worth KHR 196.64 billion (approximately USD 49.16 million) to finance a 60 MW solar photovoltaic power plant at a recent official listing ceremony at the Cambodia Securities Exchange (CSX). The issuance comprises of three tranches: two CGIF-guaranteed green bonds—KHR 60 billion (~USD 15 million) with a floating rate coupon and KHR 80 billion (~USD 20 million) with a floating rate coupon featuring a floor and cap—as well as an unguaranteed green bond of KHR 56.64 billion (~USD 14.16 million). Located…

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