Climate Finance BlackRock has launched a euro-based green bond fund. “A few specific clients” prompted the global asset manager to scope the new fund last year, according to BlackRock’s Ashley Schulten (paywall). We don’t know how big the fund will be, but it will track the MSCI/Barclays/Bloomberg index of “investment-grade corporate, government-related, treasury and securitised bonds”
Jacoma Estates has raised $11.5 million for macadamia farms in Malawi. The agri-processor will use the funds to expand its supplier network to almost 1,400 small macadamia farms, which otherwise lack access to export markets. Jacoma Estates will also offer climate resilience assistance to the macadamia farmers through a grant from AgDevCo, backed by the MasterCard Foundation.
Bio-Lutions raises €500,000 ($537,000) for eco-friendly packaging. The Hamburg, Germany venture makes environmentally-friendly packaging and tableware to serve the Indian market, where plastic packaging has been banned in several states. Bio-Lutions products are made out of agricultural waste, which is collected from a local Indian farming cooperatives, dried and ground into micro- and nano-fibres, and then
FarmLead has raised $6.5 million for its online grain marketplace. The platform, launched in Ottawa in 2013, connects 4,000 grain growers to buyers outside of their local markets and collects a $1 per metric ton fee from both parties. Founder Brennan Turner says the platform gives small farmers better negotiating power, especially in today’s low-priced commodities
Climate Finance Cuts by the U.S. and China emission helped keep global carbon dioxide emissions steady for the third straight year. The world’s two largest CO2 emitters are making steep course corrections: a three percent cut from the U.S. and a one percent cut from China, according to the International Energy Agency. The cuts came from the