News / United Arab Emirates
Korea Electric Power Corporation has been accused of failing to disclose material climate-related risks, including its coal reliance until 2050 and exposure to volatile gas prices, in a US$11 billion bond listed on the Singapore Exchange. The bourse has acknowledged receipt of the complaint and will be reviewing it.
Last year, deal volumes dipped to US$18.3 billion, but still topped a five-year average figure. With the US foreign aid cuts, support from Germany, Japan, the UK, and new donors like the UAE and Singapore will be key, says blended finance network Convergence.
The global fund’s fifth meeting closed with the amount available to help vulnerable nations cope with climate risk reduced by more than US$50 million.
Nations gather in South Korea this month for a final meeting on curbing plastic pollution. Who are the key players – and is a deal likely?
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