Due to decreasing aquifer water level (280 million m3 per year), Veolia Water Technologies (Veolia) partnered with The Nature Conservancy (TNC) and local municipality to propose the establishment of a water fund to finance changes to local water-catchment and uses.
As a result, Livelihoods Funds created a project to support vulnerable farmers in Aguascalientes to invest in drip irrigation equipment to enhance farm resilience.
Changing to a drip irrigation system showed a 50% - 70% decrease in water consumption by farmers. If the 5,000 local family farmers in the water catchment area adopted this system through the new fund, this results in approximately 65% reduction of the annual aquifer deficit.
CFA is a 4-year programme funded by the UK Department for Business, Energy & Industrial Strategy (BEIS).
Aims to identify and develop pipelines of bankable climate-related projects that can attract investment at scale from the private sector.
In 2017, Nigeria took part in the inaugural pilot CFA process The CFA initiative has since been extended to Mexico, Colombia, Peru, South Africa & Turkey.
Stakeholders involved
Conceiver: Ian Callaghan Associates
Funder: UK Government (BEIS)
Neutral convener for the CFA process: Nigerian Economic Summit Group
Innovative win-win power scheduling agreement between the two procurers that enabled Delhi Metro to draw power flexibly to suit the variable nature of its demand for running trains.
IFC in close collaboration with the WB, MIGA and in consultation with key market and industry players, has worked on the development and design of the Scaling Mini-Grid (SMG) platform: a set of semi-standardised project preparation requirements, templates, risk mitigation instruments, and stapled financing
In line with the global focus on climate change and greenhouse gasses, Canada has committed to a Net Zero Target by 2050. The Quebec Government has developed the 2030 Plan for a Green Economy aiming at reducing greenhouse gas (GHG) emissions by 37.5% below 1990 levels by 2030
In 2017, amid severe drought, the City of Cape Town, in South Africa was issued its first Green Bond, which was used to invest in projects aligned to city’s sustainability goals to adapt to and mitigate climate change.
The ZAR1 billion Green Bond was used to fund and refinance a number of green projects?in the city including procurement of electric buses; energy efficiency in buildings; water resilience initiatives; sanitation treatment; and the coastal structure protection and rehabilitation.
At the time, Cape Town had the only green bond in the country to be accredited by the Climate Bonds Initiative (CBI) and demonstrated market appetite for green and climate initiatives.
The Kidston Pumped Storage Hydro project is the first pumped hydro energy storage scheme globally to be developed in an abandoned gold mine. The giant battery located in Kidston, Far-North Queensland will pump water uphill when energy is abundant during off peak periods and releasing it to create power in times of peak demand.
The Kidston project is supported by NAIF’s 15-year concessional loan of AUD610m (USD475 million) - debt finance.
Genex will provide AUD120 million (USD93 million), including AUD25 million (USD19.5 million) investment by J-Power -equity finance.
The Solomon Islands National Development Strategy 2016–2035 called for greater use of renewable energy generation in the medium term, to service both urban and rural demand. It also called for opening the market to independent power providers.
IFC worked with Timor-Leste’s new PPP Unit to deliver a transparent tender process that attracted globally reputable port operators. The key bid variable was the Viability Gap Financing subsidy required by each bidder after a very strict technical pre-qualification
RaiseGreen is a new crowdfunding marketplace/platform for green projects. Individuals, startups, non-profits or even local governments looking to start their own green projects can utilise the platform to create and develop the project, set their own terms, and present their offering on RaiseGreen’s platform for potential investors.
The platform offers a wide variety of replicable, templatised investment opportunities for solar power, affordable housing, EV charging stations, agriculture, water projects, and microgrids.
The 300MV Victorian Big Battery is currently to be Australia’s largest lithium-ion battery which assists in providing critical grid support services, reducing wholesale power costs for consumers and assisting in the transition to renewable energy in Victoria, Australia.
It utilises the System Integrity Protection Scheme (SIPS) which increases import capacity to Victoria by up to 250 MW, reducing the likelihood of unserved energy (USE) from high impact, low probability (HILP) events during summer periods.
To meet demand, Nigerian commercial and industrial customers rely on self-generation, diesel units and smaller gasoline-powered generators to meet a significant portion of total demand.
An innovative offtake was structured for the new sewage treatment plant in Mathura, Uttar Pradesh, where Indian Oil will use treated wastewater to cool its refinery, which will save 20 million liters of fresh water every day
