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Carbon Removal in the Bipartisan Infrastructure Law and Inflation Reduction Act
The Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) have provided unprecedented funding for both technological and natural carbon dioxide removal (CDR) in the U.S. The BIL focuses on infrastructure, including $3.5 billion for four regional Direct Air Capture (DAC) Hubs and billions for CO2 transport and storage. The IRA enhances these efforts through an expanded 45Q tax credit, offering up to $180/tCO2 for geologically sequestered DAC, and allocates billions for climate-smart agriculture and forestry, such as $8.45 billion for the Environmental Quality Incentives Program (EQIP). Together, these laws support the full lifecycle of carbon capture and ecosystem restoration to help the U.S. reach net-zero emissions by 2050.
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Document type: Fact sheet
Green Bond Fact Sheet
Spanish Fork City issued a USD 73 million US Municipal green bond on August 5, 2020, with a maturity date of September 1, 2040. The proceeds are designated for the construction of additions and improvements to the city's sewer system, specifically including a new membrane bio–reactor treatment plant with solids holding tanks based on recommendations from a 2018 assessment. The bond carries an AA credit rating from S&P and a coupon of 4.000%.
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Document type: Fact sheet
SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND
At its 21st meeting in October 2018, the GCF Board approved 19 new projects and programmes totaling USD 1.04 billion in GCF investment to support over USD 4 billion in climate action across more than 50 countries. The Board also accredited 16 new entities, appointed the World Bank as the Fund's Trustee, and launched the process for the GCF's first formal replenishment to be concluded by October 2019. Governance updates included the establishment of a Performance Oversight Committee and the appointment of Javier Manzanares as Executive Director ad interim.
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Document type: Report
Developed Country Fast-Start Climate Finance Pledges: A Summary of Self-Reported Information
The document provides a detailed breakdown of climate finance pledges from various developed nations and the European Union, detailing the amounts pledged, the actual allocations made, the channeling institutions used, and the countries' positions on whether the funds are 'new and additional' to existing Official Development Assistance (ODA).
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Document type: Report
Seventh Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change
The GCF approved USD 3.7 billion for 76 projects across 79 developing countries, targeting a reduction of 1.3 billion metric tonnes of CO2 equivalent. Key operational developments include the launch of the Simplified Approval Process (SAP) Pilot Scheme, the adoption of an Indigenous Peoples Policy, and the establishment of an Environmental and Social Policy. The fund is also preparing for its first formal replenishment process and expanding its private sector engagement through dedicated pilot programmes for MSMEs and resource mobilization at scale.
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Document type: Report