Colombia Gets $750M for Climate Shift

Published on:
by KnowESG
KnowESG_Colombia Gets $750M for Climate Shift
Image courtesy of https://urbanupdate.in/

The World Bank gave Colombia a big boost to fight climate change.

They approved a $750 million loan to help the country become more sustainable and reduce its reliance on fossil fuels.

This loan will focus on developing cleaner energy sources like solar and wind power, along with green hydrogen. It will also support improvements in public transportation, making it easier for people to get around without using cars.

Colombia is committed to going green. This is the World Bank's second climate-focused loan to the country in just a few months. In December 2022, they provided a $1 billion loan for similar efforts.

For more sustainable finance news

Discover an extensive network of ESG providers here

Source: Reuters

Share:
esg
esg
esg
esg

Sustainable Finance Headlines

SMEs Go Green with North Lanarkshire Grants

SMEs Go Green with North Lanarkshire Grants

Sustainable Finance in ASEAN Expands

Sustainable Finance in ASEAN Expands

Saudi Arabia Unveils Green Finance Framework

Circular Secures $10.5M for Recycled Materials Platform

SocGen Wins Top Sustainability Bank

BEA Grants Wilmar $100M Sustainability Loan

RBC's Push for Client Decarbonisation

MFSA Campaign Exposes Greenwashing Risks

CBA Backs Green Businesses with New Loan

Mirova Seeks €200M for Impact Fund