The World Bank´s board of directors approved late on Thursday a $500 million project in Brazil to expand sustainability-linked finance and strengthen the private sector’s capacity to access carbon credit markets and help the country curb deforestation.
The initiative, in collaboration with Brazilian state-controlled lender Banco do Brasil, adopts an approach to lending linked to sustainability to help Brazil meet its climate goals and deliver "robust" mitigation benefits, a bank statement said.
"Up to 90 million tCO2e in emission reductions are expected by 2030, the equivalent to about 4.5% of what Brazil needs to stay on track with its net-zero commitments," the World Bank said. The project adopts an "innovative, outcome-based financing approach" that encourages firms to adopt and implement credible GHG emission reduction plans to reduce their company-wide carbon footprint, as well as linking these firms to high quality carbon markets, the World Bank said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ian McCreary: Sask. chose $500 cheques instead of better investmentsA Saskatchewan farmer questions the decision to send people $500 cheques instead of paying down debt or investing in health and education.
Leer más »
Shohei Ontani poised to become MLB’s first $500 million man next winterOhtani has never been about money, but he’s made enough for his otherwise beleaguered employer, and it’s time for him to be paid his true value.
Leer más »
Ah-mazing Galaxy S22 Ultra deal smashes nearly $500 off the priceAmazon, Best Buy, and Woot have the Galaxy S22 Ultra on sale in both new and refurb conditions.
Leer más »
Session 2023: Hosemann proposes tax refund checks up to $500, increased ed spending, health care fixesHosemann said his proposal will be to refund taxpayers 'dollar-for-dollar' what they paid in state income taxes for the past year 'from the bottom up, until we run out of money.'
Leer más »
Outside firm hired to manage Oceanside treasury investmentsCity treasurer praises decision to replace full-time employee responsible for city's $500 million portfolio
Leer más »
World Cup Watch: On Top of the WorldMessi finally gets to lift the World Cup trophy, which is a sight just about every soccer fan could rejoice in, whatever their allegiance.
Leer más »