World Bank prepares a $200 million bond to boost Amazon reforestation
The World Bank had given HSBC a mandate to structure an outcome bond for reforestation efforts in the Brazilian Amazon region. The bond will provide an expected $200 million in up-front financing for reforestation initiatives selected by Mombak. Reuters
Saudi Arabia’s PIF plans $15 billion investments in Brazil
Brazilian energy minister Alexandre Silveira has announced that Saudi Arabia’s Public Investment Fund (PIF) has announced intentions to invest $15 billion in Brazil, across green hydrogen, infrastructure, and renewable energy. Zawya
BNDES, China Development Bank, and Asian Infrastructure Investment Bank sign $1.72 billion deal
BNDES, the China Development Bank, and the Asian Infrastructure Investment Bank, have reached a deal to finance up to $1.72 billion in Brazilian renewable energy projects. CDB will provide $800 million over 10 years to finance green power, manufacturing, agriculture, mining, and other renewable projects. Argus Media
Argentina releases certification scheme for deforestation-free beef
Argentina has released a new scheme to certify beef as deforestation-free, known as ISEC. The system aims to reduce potential problems from the EU anti-deforestation regulation when it takes effect in 2025. The system will use geolocation data to certify the sustainable sourcing of livestock products. Euractiv
New study finds the loss of plant species could exacerbate climate change
A new study in Nature Communications finds that losses in biodiversity in forests could be increasing their loss of stored carbon. The study found that tropical biodiversity hotspots were the most likely to be hard hit by species loss when it came to their ability to store carbon. Mongabay
