EnvironmentalStewardship

Glencore Engages in Negotiations to Divest Philippine Copper Smelting Operations

5 days ago

Glencore, the multinational commodity trading and mining company, is reportedly in advanced talks to sell its copper smelting unit located in the Philippines. This decision could mark a significant shift in the company's operational focus in the region, particularly given the growing demand for copper amid the global energy transition and increasing interest in sustainable mining practices.

Bankers Innovate Carbon Accounting by Integrating Counterfactuals

20 days ago

In a groundbreaking development within the finance sector, bankers have announced a significant shift in how they approach carbon accounting. Starting soon, financial institutions will incorporate counterfactual scenarios into their methods of measuring and reporting carbon emissions. This innovative approach aims to provide a more comprehensive understanding of the environmental impact of various business operations.

Bhutan Eyes Green Financing for Ambitious $2.3 Billion Hydropower Initiative

26 days ago

In a significant move towards sustainable energy development, Bhutan is actively exploring green financing options to support its ambitious hydropower project estimated at $2.3 billion. The project is part of the country's broader strategy to harness its abundant water resources for generating renewable energy, a step that underscores Bhutan's commitment to environmental preservation and energy independence.

Financial Leaders Navigate Climate Concerns Amidst Trump’s Election and COP29 Discussions

1 month ago

As the world gears up for COP29, senior financial executives are bracing themselves for crucial discussions that could shape global climate policy. The anticipation surrounding the United Nations Climate Change Conference is palpable, particularly given the political landscape in the United States, where former President Donald Trump’s potential return to the presidency is reigniting debates over climate initiatives.

South Africa's Ambitious Climate Goals: A $1.3 Trillion Investment Can Change the Game

1 month ago

In an optimistic announcement this week, South Africa’s Minister of Finance, Enoch Godongwana, emphasized that the nation's ambitious climate target of achieving a $1.3 trillion green economy is not only achievable but also vital for the country’s sustainable future. This goal, which aims to transition South Africa towards a more environmentally friendly economy by 2030, is a significant part of the country’s commitment to reducing its carbon footprint and improving economic resilience amidst global climate challenges.

India Contemplates $2 Billion Initiative to Promote Greener Boats

2 months ago

In a groundbreaking move towards sustainability, India is evaluating a substantial $2 billion incentive plan aimed at fostering the adoption of greener maritime technology. This initiative is part of a broader strategy to enhance the country's environmental stewardship and reduce carbon footprints in the maritime sector.