Brookfield Asset Management announced today that it has raised $10 billion at the first close of global private equity fund focused on investments accelerating the global transition to a net-zero economy, the Brookfield Global Transition Fund (BGTF II). According to Brookfield, the new fund, launched last year, is already on track to exceed the size of its record-breaking predecessor BGTF…
China announced that Premier Li Qiang has signed new regulations for its carbon emissions trading system, including allocating responsibility to government ministries for overseeing and managing trading, and introducing stricter penalties for entities that falsify information, aimed at providing a legal framework for the country’s carbon market and strengthen control of greenhouse gas emissions in carbon intensive sectors. The new…
Sustainability-focused investment manager Mirova announced today that it has reached $282 million in commitments for the Mirova Gigaton Fund, its blended finance debt fund aimed at accelerating the clean energy transition in emerging markets, reaching more than half of the fund’s $500 million target a year after launching. New investments in the Gigaton Fund since its first close in March…
Nearly 28% of recovery spending could have negative impacts for climate adaptation, by locking-in non-resilient infrastructure for example, according to research conducted by the University of Oxford. Analysing 8,000 government policies across 88 countries, the research also revealed only 10% of investment spent on Covid-19 recovery was ever likely to enhance direct climate adaptation, although this figure rose to 27%…
Energy company TotalEnergies and industrial gases and services supplier Air Liquide announced today the launch of a TEAL Mobility, a new joint venture aimed at accelerating the development of a hydrogen network for heavy duty trucks across major European corridors. TEAL Mobility aims to develop more than 100 hydrogen stations over the next decade, creating the first transnational European network…