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COP29: €3bn public-private fundraise planned for emerging market green bond fund

The EU-led Global Green Bond Initiative (GGBI) is preparing to raise €3 billion ($3.2 billion) for a fund which will serve as an "anchor investor" in emerging market (EM) green bonds, the European Investment Bank (EIB) told a side event at the UN COP29 climate summit.

COP29 finance day: Harmonisation initiatives the highlight of underwhelming day

Multi-jurisdiction taxonomies and a push for harmonised transition plan rules stole the headlines, as finance proved a sticking point, Michael Hurley writes

Sustainable debt round-up: New Development Bank, Neinor Homes, Huhtamäki ... and more

Commercial Bank of Ceylon plans LKR5bn green bond debut

The Commercial Bank of Ceylon (ComBank) is planning to raise up to LKR5 billion ($17 million) from its inaugural green bond, believed to be only the second sustainable bond issuance in the country.

CaixaBank to launch innovative 'sustainable supply chain finance' product

Spanish lender CaixaBank is preparing to launch an innovative 'sustainable supply chain finance' (SSCF) product in the "near future" which is focused on the environmental, social and governance (ESG) performance of the suppliers not the buyers.

COP29: MDBs update 'common framework' and pledge $120bn to climate financing

Actis closes Asian transition fund at $560m

Sustainable debt round-up: UK, JFK Airport, Vattenfall ... and more

NGFS says updated scenarios signal two-to-four-times higher physical impacts

The Network for Greening the Financial System (NGFS) group of central banks and supervisors has called for more ambitious policies to tackle the 'first order' risk of climate change, as its updated scenarios showed two-to-four-times bigger physical impacts than its previous iterations.

Pollination bags $20m from Mizuho Bank for 'minority' stake