{"id":84437,"date":"2024-05-27T00:00:00","date_gmt":"2024-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/27\/rmb-emulates-world-bank-conservation-bonds-for-african-wild-dogs-and-lions\/"},"modified":"2024-05-27T00:00:00","modified_gmt":"2024-05-27T00:00:00","slug":"rmb-emulates-world-bank-conservation-bonds-for-african-wild-dogs-and-lions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/27\/rmb-emulates-world-bank-conservation-bonds-for-african-wild-dogs-and-lions\/","title":{"rendered":"RMB emulates World Bank conservation bonds for African wild dogs and lions"},"content":{"rendered":"

Bonds for repopulating lions and wild dogs in Mozambique:<\/strong> Johannesburg-based Rand Merchant Bank will issue USD 233 mn worth of five-year bonds between 2024-2025 to increase the population of African wild dogs and reintroduce lions to Mozambique\u2019s Limpopo National Park, Bloomberg<\/a> reported last week. ZAR 600 mn (USD 33 mn) worth of bonds will be sold around November in partnership with South Africa\u2019s Endangered Wildlife Trust for the wild dog conservation efforts. The lion wildlife bonds, worth USD 200 mn, will be sold around March 2025, with Peace Parks Foundation as a collaborator. Neither bond issuance is a certainty, however, according to director of natural capital Martin Potgieter.<\/p>\n

Taking a page out of the World Bank\u2019s book: <\/strong>The World Bank issued the world\u2019s first wildlife bond in 2022, selling USD 150 mn worth for black rhino conservation in South Africa. The returns on the five-year bonds depend on the rate of population growth. \u201cKudos must go to the World Bank. Their mandate is to do interesting things in parts of the world and have the commercial banks copy them,\u201d Potgieter said.<\/p>\n

\n

\n

China\u2019s clean energy investments have increased 6.64% y-o-y to CNY 117.3 bn <\/strong>(USD 16.5 bn) in Q1 2024, <\/strong>Wam<\/a> reports. The country currently has 512.05 GW worth of clean energy projects underway representing 30.97% y-o-y growth. Almost 90% of the energy sector has also issued ESG reports. However, the rapid growth raises concerns over bottlenecks<\/a> which have already been seen in the solar industry. PV equipment recently dropped to some of their lowest prices as \u201cgrid bottlenecks pile up, market reforms increase uncertainty for [solar power generators], and the best rooftop space runs short.\u201d<\/p>\n

ALSO- <\/strong>China is planning a major cobalt stock up: <\/strong>China\u2019s National Food and Strategic Reserves Administration is planning to buy up to 15k tons of refined cobalt for state reserves as prices for the mineral hit record lows, three people familiar with the matter told Reuters<\/a> last week. The cobalt purchases \u2014 China\u2019s largest to date \u2014 could begin next month with a tender valued between CNY 200k and 220k (USD 12.5-13.8), Bloomberg<\/a> reported. No official agreement has been reached with local producers, one of the sources told Reuters, but industry players expect the acquisition to narrow the surplus in the market to around 20k tons. One source did not expect much of a difference to be made to the oversupplied market as long as DR Congo still exports large amounts of cobalt. Congolese cobalt production accounted for 77% of the global supply last year.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n