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Register nowIndonesia has announced plans to retire all fossil fuel power plants by 2040, 16 years earlier than its previous deadline.
A lack of progress on negotiations at COP29 is undermining hopes that countries could support the creation of an international framework that would support private sector transition planning, a webinar hosted by the IFC and Environmental Finance heard.
The Bahamas has signed a $300 million loan with Standard Chartered as part of a ground-breaking marine conservation-focused debt conversion transaction developed with The Nature Conservancy (TNC) and Inter-American Development Bank (IDB).
The nature financing gap remains concerningly wide, but the increasingly active debt-for-nature market offers hope that the tide is turning. Ahren Lester reports