Get the latest news about sustainable finance within the EECA via our August highlights.
"Green Finance Adoption in EECA countries" Survey Report
From July to August 2021 Greenpact conducted the "Green Finance Adoption in EECA Countries" survey among financial institutions operating in the EECA countries and interested in the development and practice of green financing tools. Access the the survey report here.
Moody’s released its quarterly sustainable finance update, raising its forecast for 2021 green, social & sustainability bond issuance to a record-shattering $850 billion
"According to the report from #Moody's Analytics global sustainable bond issuance reached $189 bln in Q2 2021, increasing 66% over the prior year quarter, driven by 48% growth in green bonds to $94 bln, 59% growth in social bonds to $46 bln, and more than 150% growth in sustainability bonds to $49 bln. Issuance pulled back slightly from the record $238 bln set in the Q1 2021." Learn more...
Kazakhstan increased the stakes for the renewable energy agenda. But is it hindered by old technology?
Kazakhstan upped its pledge to increase the share of its power generating via renewables by 2030 from previous 10% to 15% now. On another side Kazakhstan is the largest emitter of carbon dioxide in Central Asia with more than 70% of the country's electricity generated by burning coal, about 15% from hydropower, and most of the rest by gas and oil. Learn more...
Georgian book distribution company bookland goes solar with the support of EBRD and EU
Bookland expects fewer expenses and negative impact reduction. Learn more...
The EDB publishes a report on Investment in the Water & Energy Complex of Central Asia
So far, 104 projects worth USD 10.2 bln are in progress. The leading financier is the EBRD with a portfolio of USD 3.3 bln, or 32.7% of total MDB financing in Central Asia. It is followed by the World Bank with USD 3.0 bln (29.6%) and the Asian Development Bank (ADB) with USD 2.6 bln (26.2%). The Eurasian Development Bank and ESFD , the European Investment Bank (EIB) and the AIIB together account for US $1.2 bln (11.5%). Learn more...
Sustainable car market in Ukraine to expand as a result of loan-guarantee package provision by EBRD and EU
Ukrainian vehicle importer and retailer company Winner Group Ukraine to invest in green car dealerships and repair centres. European Bank for Reconstruction and Development (EBRD) loan and EU guarantee to support Winner — the first auto dealership in Ukraine to achieve green-standard certification. Learn more...
The EDB presented proposals for achieving sustainable development goals
Among other points presented at the high-level forum on sustainable development under the auspices of the UN Economic and Social Council, there was highlighted the necessity to unite the efforts of regional organizations and those promoting sustainable development in order to better introduce common principles of the green economy in the Eurasian Economic Union and to stimulate joint ESG projects of the member states. (RU) Learn more...
U.N. climate change report sounds 'code red for humanity'
The report from the scientists of the IPCC states that emissions "unequivocally caused by human activities" have already pushed the average global temperature up 1.1C from its pre-industrial average - and would have raised it 0.5C further without the tempering effect of pollution in the atmosphere. Learn more...
EDB and AIFC Green Finance Center to support the implementation of green and social projects in Kazakhstan
The Green Finance Centre - GFC to assist the EDB in finding green and social projects in Kazakhstan. GFC will help EDB prepare the necessary documentation for financing the projects and ensure the compliance of projects with the principles of green financing (Second Party Opinion). Learn more...
EU solar power generation hits record high
The bloc's 27 countries generate nearly 39 terawatt hours of power from solar panels during June-July 2021. Learn more...
47% of the firms in the EU have invested in energy efficiency — EIB Survey
New report by the European Investment Bank about EU firms and climate change in 2020-2021 shows that almost half of the companies invested in energy efficiency — from 37% in 2019 to 47% in 2020. However, despite the increase in investment in energy efficiency measures, the EU's energy savings potential remains mostly not exploited. Learn more...
Offshore renewables boost to accelerate the energy transition and allow G20 countries to build a resilient & sustainable energy system – new report by irenan
Report outlines action agenda on offshore renewables for G20 and includes 50 concrete actions that G20 countries could implement while defining their national strategies for offshore renewables. Learn more...
ADB Data Show the Extent of COVID-19 Trade Disruption in Developing Asia
Apart from significant negative impact on global trade and supply chains, the COVID-19 pandemic hit particularly badly the oil and gas exporting countries, such as Central Asian middle-income states who had to deal with low prices and plummeting demand for hydrocarbons globally. Learn more...
The 7th class of recipients for "Women with Hydro Vision" award was announced
The award honors influential women in hydropower for their accomplishments and contributions to the industry. Learn more...
EIB President urges more climate action after dire UN warning
The quicker we make our transition to a #greeneconomy, the less disruptive it will be and the quicker humanity will be set up to cope with the kind of weather that’s causing such destruction in Europe and elsewhere", said European Investment Bank President Werner Hoyer, as the UN’s IPCC issued its latest report defined as "code red" for humanity. Learn more...
Kazakhstan: A future without coal?
To develop a cleaner heating sector, the government is collaborating with Asian Development Bank on the development of the Concept of the Law on Heat Supply. Once adopted, it will incentify modernization of the heat sector using green and low-carbon energy sources. Learn more...
Ukrainian businesses are reaping the benefits of implementing RECP
In the framework of the EU-funded EaP GREEN and EU4Environment Action programmes executed by UNIDO, Ukrainian SME's lowered production costs whilst improving the competitive advantage of businesses via applying environmentally friendly practices after adopting the RECP methodology. Learn more...
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