Attempts to tackle climate change need funding – a lot of it. It will take an estimated $6-7 trillion per year over the next 15 years to solve climate change and to meet the other UN Sustainable Development Goals. How will we pay for it? Read more from TNC CEO Mark Tercek.
Articles Tagged: Climate Finance
The deforestation risks lurking in the banking sector
Are financial institutions overlooking a critical climate risk? Deforestation and forest degradation account for around 15% of human-made emissions, second only to fossil fuel combustion. More than half of deforestation is the result of the production of commodities such as soy, palm oil, pulp and paper, and cattle products. Read more from Celine Herweijer, UK PWC partner.
Bunge, Santander Brasil and TNC to offer soy farmers long-term loans to expand production without clearing native habitat in the Brazilian Cerrado
Today Bunge S.A., a subsidiary of Bunge Limited, Banco Santander Brasil and The Nature Conservancy announced they have jointly developed a first-of-its-kind financing mechanism for soy farmers in the Brazilian Cerrado.
Finance facilities for sustainable land use
By combining the capabilities of banks, governments and agri-businesses through blended finance instruments UN Environment and partners, have set out to overcome this hurdle and trigger a transformational shift to save forests, restore landscapes, create jobs and transition to climate smart agriculture.