ESG International Weekly News 8/21-8/27

August 29,2023
Green and White Minimalist Earth Day Instagram Post-22
Resource:ICDI 國際氣候發展智庫,ESG NEWS

1.Brazil aims to raise $2 billion in ESG sovereign bonds in September

Brazil plans to issue its first sustainable sovereign bonds in September, aiming to raise around $2 billion to fund green and social projects. The government has set up frameworks to guide the operation of the Climate Fund and said that any delays until early 2024 would not be problematic. The initiative is part of President Luiz Inacio Lula da Silva's broader plan to improve Brazil's environmental record.

巴西計劃於9月發行其首批可持續主權債券,目標籌集大約20億美元用於資助綠色和社會項目。政府已建立了指導氣候基金運作的框架,並表示即使延遲至2024年初也不會有問題。這項倡議是總統路易斯·伊納西奧·盧拉·達·席爾瓦(Luiz Inacio Lula da Silva)廣泛計劃的一部分,旨在改善巴西的環境記錄。

2.NAB chair backs green energy target, warns of fossil fuel export hit

Philip Chronican, chair of the National Australia Bank (NAB), urges the Australian government to stick to its 2030 renewable energy goals despite challenges. He warned that Australia could face a $270 billion loss in exports and a 1% annual reduction in GDP until 2050 if insufficient actions towards net-zero emissions are taken. However, if Australia invests in greening its industries, it could gain a $435 billion economic opportunity, according to a Deloitte report commissioned by NAB. Chronican stressed the importance of policy certainty for attracting private capital.

國民澳洲銀行(NAB)主席菲利普·克羅尼坎(Philip Chronican)敦促澳洲政府堅持其2030年的可再生能源目標,儘管面臨挑戰。他警告,如果對實現零排放採取不足夠的行動,澳洲可能面臨2700億美元的出口損失,以及到2050年每年GDP減少1%的情況。然而,根據NAB委託德勤(Deloitte)所做的報告,如果澳洲投資於綠色產業,可能獲得4350億美元的經濟機會。克羅尼坎強調,為吸引私人資本,政策穩定性非常重要。

3.Japan Govt Eyes Over 2 T. Yen for Green Transformation

The Japanese government plans to invest over 2 trillion yen in green transformation efforts aimed at promoting decarbonization in the coming years. Over 1.2 trillion yen is expected to be spent in fiscal 2024 alone, which starts next April. Prime Minister Fumio Kishida said the initiative would significantly influence Japan's economy in the first half of the 21st century. The spending will be allocated to various sectors, including 1.2 trillion yen for developing supply chains for hydrogen production and lightweight solar panels, 200 billion yen for green startups, 190 billion yen for energy-saving initiatives for small businesses, and 150 billion yen for R&D on next-generation nuclear reactors.


4.Biden-Harris Administration Announces $30 Million to Build Up Domestic Supply Chain

The U.S. Department of Energy (DOE) has announced up to $30 million in funding to reduce the costs of onshore production of rare earths and other critical minerals from domestic coal-based resources. This move aligns with President Biden’s Investing in America agenda to create more jobs and reduce reliance on foreign supply chains for critical minerals. These minerals are essential for clean energy technologies like solar panels, wind turbines, and electric vehicles. The program also aims to engage with communities in a meaningful way and to support President Biden’s Justice40 Initiative, which seeks to direct benefits to disadvantaged communities. The funding is part of an ongoing effort by the DOE, which has already announced $41 million in projects supporting critical minerals and materials exploration.