{"id":89389,"date":"2025-03-07T00:00:00","date_gmt":"2025-03-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/03\/07\/asias-first-nuclear-green-bond\/"},"modified":"2025-03-07T00:00:00","modified_gmt":"2025-03-07T00:00:00","slug":"asias-first-nuclear-green-bond","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/03\/07\/asias-first-nuclear-green-bond\/","title":{"rendered":"Asia\u2019s first nuclear green bond"},"content":{"rendered":"

Korea <\/strong>Hydro sells <\/strong>Asia\u2019s first green bond for nuclear energy:<\/strong> South Korean-owned Korea Hydro and Nuclear Power raised HKD 1.2 bn (c.USD 154 mn) from a green bond issuance that was dubbed as Asia\u2019s first green nuclear bonds, Bloomberg<\/a> reported on Wednesday. The notes were sold to institutional investors in Hong Kong and Singapore, with proceeds earmarked for nuclear power plant safety upgrades and R&D for next-gen reactors. Looking forward, the company is in talks with parties around the world to meet the government\u2019s goal of exporting 10 reactors by 2030. <\/p>\n

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JP Morgan\u2019s sustainable investment funds under scrutiny: <\/strong>JP Morgan has poured more than GBP 200 mn into London-listed mining giant Glencore \u2014 whose coal mining operations in South Africa have recently come under the microscope for environmental violations, The Guardian<\/a> reported on Saturday. The South African government has blasted the company\u2019s operations in Tweefontein mine \u2014 one of three complexes operated by Glencore in the country \u2014 for polluting a local river, improperly storing hazardous waste, and neglecting sewage infrastructure.<\/p>\n

The leeway: <\/strong>While JP Morgan promotes around 500 funds as \u201csustainable,\u201d the bank\u2019s criteria allow up to 49% of investments in these funds to go to assets that don\u2019t meet strict ESG standards. <\/p>\n

ESG? Extra special greenwashing? <\/strong>Ethical investing is a booming business for financial giants like JP Morgan, with global sustainable assets on track to exceed USD 40 tn by 2030. But campaigners argue that by backing Glencore through funds with an ESG label, JP Morgan risks misleading investors looking for actual green portfolios.<\/p>\n

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EIB supports green on-lending in West Africa with a USD 150 mn loan: <\/strong>The European Investment Bank (EIB) has agreed to provide a EUR 100 mn line of credit from a total of EUR 150 mn to the Ecowas Bank for Investment and Development to support climate action and sustainability in the Economic Community of West African States (Ecowas) region, according to a press release<\/a> from last week. The loan will fund green projects that support economic growth such as renewable energy \u2014 particularly small and medium solar PV projects \u2014 sustainable agriculture, and water treatment. The EIB is aiming to mobilize total investments of at least EUR 300 mn. <\/p>\n

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