CalPERS commits $3.6 billion to climate solutions through private equity and infrastructure investments
The CalPERS commitment advances its $100 billion Climate Action Plan and follows $53 billion in climate investments focused on energy transition, green mobility, and sustainable fuels. Net Zero Investor News
Australia’s Firstmac issues $1.5 billion green RMBS featuring solar-proxy loans
The bond aims to reduce household electricity costs and promote environmentally sustainable housing. The solar-proxy green loans underwent certification under the Climate Bonds Initiative, an international organization focused on mobilizing capital for climate solutions. MPA Mag
BNP Paribas raises $130 million for newly launched $500 million target sustainable forestry fund
The Future Forest Fund has raised $130 million and will focus on sustainable timber production and biodiversity assets across the US, Europe, Australia, and New Zealand. Revenue sources include timber sales and carbon credits. The fund will align with the EU’s Sustainable Financial Disclosure Regulation (Article 9) and EU Taxonomy for Sustainable Investments. Environmental Finance
EarthOptics raises $24 million for soil sensing technology
Funds will support technological advancements for developing actionable insights into soil properties to help farmers optimize spending and adopt sustainable practices. Finsmes
Bahamas, Standard Charter, Nature Conservancy and IDB agree on $300 million marine-focused debt-for-nature loan
The 15-year, guaranteed loan provides a $200 million ‘first-to-fund’ credit guarantee credit insurance and allows the Bahamas to buy back around $300 million in debt. The $124 million in estimated savings over 15 years will be invested in marine conservation projects and represents the fifth ‘Nature Bond’ transaction completed by TNC, and the first of those transactions conducted as a loan instead of a bond. Environmental Finance
