China Issues its First Sovereign Green Bonds
China’s Ministry of Finance (MOF) has launched its first-ever sovereign green bond, raising RMB 6 billion (USD $824 million) to fund projects that support key environmental goals such as climate change mitigation, adaptation, and biodiversity and resource conservation.
The green bonds, issued with 3- and 5-year maturities, were listed on the London Stock Exchange, marking not only China’s debut sovereign green bond, but also the first Chinese sovereign green bond to be listed on an international exchange. (Source: ESG Today)
Read more
Industrial Heat Decarbonization Startup Zero Industrial Raises $10 Million
Industrial decarbonization project developer Zero Industrial raised $10 million in a Series A funding round, with proceeds to be used to accelerate its development of thermal energy storage projects to replace fossil fuels with electricity (ESG Today).
Read more
EU Cuts Emissions in Key Carbon Intensive Sectors in Half Since 2005
According to a new report released by the European Commission, Greenhouse gas (GHG) emissions in carbon-intensive sectors covered by the EU’s Emissions Trading System fell by 5% year-over-year in 2024, reaching approximately a 50% reduction since the ETS was established in 2005 (ESG Today).
Read more
