Tag: recovery

IFC Invests $4.9 Billion to Support Green and Inclusive Recovery from COVID-19 in Europe and Central Asia

Stuart Mitchell

To support a green and inclusive recovery from COVID-19 in Europe and Central Asia, IFC invested over $4.9 billion in the region in fiscal year 2021, which ended on June 30. Up from $3.1 billion last year this year’s commitment mobilized over $2 billion from other investors and focused on driving the region’s transition to clean and renewable energy while tackling climate change, boosting competitiveness and productivity, promoting inclusion, and expanding digital transformation and connectivity. Climate finance represented over 40 percent of IFC’s own account long-term investments in the region.…

Read More

Water sector to plunge £2.8 billion into the green recovery

Stuart Mitchell

The water sector is set to invest £2.8 billion in environmental projects to help the country build back greener. Ofwat, in collaboration with Defra, the Environment Agency, the Drinking Water Inspectorate, and CCW, wrote to water companies last year and challenged them to identify ways to support the country’s green economic recovery from COVID-19. Companies were asked to bring forward new proposals and accelerating existing ones to deliver an innovative and more resilient future for customers, society and the environment. Following that, Ofwat sets out plans to support £850 million…

Read More