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Search results for climate finance

Crypto

UK Parliament climate finance proposal names XRPL as operating infrastructure for renewables

A climate finance proposal submitted to the UK Parliament names the XRP Ledger (XRPL) as the blockchain operating layer in a pilot framework aimed at expanding investment in clean and renewable energy. The document proposes a structure known as CloCo, or climate conditional convertible bonds, to channel private capital into projects. It says XRPL would support data integrity and transparency without replacing banks or regulators, and notes the proposal is independent and not an official government adoption.

Finance

KB Financial donates 10 billion won cooperation fund for SMEs and small merchants

KB Financial Group has donated a 10 billion won cooperation fund to support small and medium-sized enterprises and small merchants in their digital, green and safety transitions. KB Financial said it will carry out related projects with the Ministry of SMEs and Startups and the Korea Commission for Corporate Partnership. The fund allocates 2 billion won for AI transition, 3 billion won for green transition and 2 billion won for safety transition, and commits 3 billion won to a master fund for impact investment.

Industry

MSIT launches public climate technology demonstration cooperation with GGGI

South Korea\'s Ministry of Science and ICT begins a cooperation project with the Global Green Growth Institute (GGGI) to demonstrate public climate technologies. The ministry signed an administrative agreement in Seoul on April 14 on the MSIT-GGGI Climate Technology Acceleration Fund. The contribution agreement follows a memorandum of understanding signed in June last year. MSIT plans to build contributions totaling 21 billion won over seven years through 2032 and start projects in 2026 with 1 billion won.