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National Bank of Canada Targets $20 Billion in Renewable Energy Lending by 2030

Summary by Carbon Credits

The National Bank of Canada (NBC) will increase renewable energy lending to $20 billion by 2030, as revealed in its latest sustainability report. This move strengthens its net-zero emissions strategy despite the ongoing shift in U.S. clean energy policies. In this context, NBC plans to add nearly $10 billion in new renewable loans over the next six years, but some of its existing loans will be partially or fully repaid during this period. The fi…

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World Bank approves $173.5 million loan to support renewable energy in Azerbaijan – Aze.Media

The World Bank’s Board of Executive Directors has approved a $173.5 million loan to support the implementation of the Azerbaijan Scaling-Up Renewable Energy (AZURE) project, Interfax reports. According to a statement published on the World Bank’s official website, the AZURE project aims to strengthen Azerbaijan’s electricity infrastructure and diversify its energy mix by integrating more sustainable and reliable sources of power. The funding wil…

3 days ago

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