Tag: trust Fund
-
Climate funds are being spent to install street lights
Bangladesh is one of the countries most affected by climate change. According to a 2021 report by non-profit organization German Watch, Bangladesh ranked seventh among the 10 countries and territories that suffered the most losses from 2000 to 2019. In 2009, the Government of Bangladesh established the Climate Fund with its own money to undertake…
-
HSBC to stop funding new oil and gas fields as part of policy overhaul
Covering everything from biomass projects to hydrogen, nuclear and thermal coal, the policy was aimed at driving progress in sectors with different energy systems, Celine Herwijser, HSBC’s chief sustainability officer, told Reuters. Amid Russia’s invasion of Ukraine, and a resulting rise in energy costs, the policy was also “pragmatic”, she said, and the bank would…