The forums are an opportunity to close the Global North/South divide, but climate finance discussions are expected to be mostly “technical”. In the words of Rob Moore, Associate Director at think tank E3G, the World Bank’s and International Monetary Fund’s (IMF) annual meetings represent the ultimate occasion to “break the impasse on the big gulf” that separates developing countries from…
Amazon Leads $500 Million Capital Raise for SMR Nuclear Technology Company X-Energy
Nuclear technology company X-Energy announced that it has raised $500 million in a Series C-1 financing round, with proceeds aimed at supporting the commercialization of the company’s small modular nuclear (SMR) reactor technology. The financing round was led by Amazon’s Climate Pledge Fund, and was announced alongside plans to use X-Energy’s reactor design to support a 320 MW project with…
Green Bonds Down the Drain
Kevin Leung, Sustainable Finance Analyst for European Debt Markets at IEEFA, explains the implications of Thames Water’s debt crisis for other UK issuers. Thames Water’s financial trouble has been brewing for over a year. The British water utility has been hinging on the prospects of equity injections, following the default of parent company Kemble in April. On 26 September, the…
Amazon Joins Tech Giant Peers in Move to Nuclear to Tackle AI Carbon Footprint
Amazon announced a series of new deals, and a $500 million investment, kicking off an expanded move to nuclear energy as a component of its strategy to address the increasing climate impact of its rapidly growing data center footprint. The announcement marks the latest in a series of nuclear deals signed by the world’s largest tech companies, including Google’s small…