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EU and EBRD: Finance for Green Recovery in Egypt, Morocco and Eastern Partnership Countries

On June 30th 2020, the European Union (EU) and the European Bank for Reconstruction and Development (EBRD) announced a total grant package of EUR 61.3 million to be provided for green and climate resilient investments in Egypt, Morocco and the countries of the Eastern Partnership. By allocating grants to energy efficiency, renewable energy and climate...Read more »

New Zealand’s Infrastructure Fund for Economic Recovery

The Government of New Zealand earmarked a NZ$ 3 billion portion from the country´s COVID Response and Recovery Fund to invest in infrastructure plans. The Cabinet announced on June 30th 2020, how the Infrastructure Fund will be allocated across regions and sectors with the target to create more than 20,000 jobs and unlock additional investments....Read more »

New legislation in the UK empowers Micro-Mobility Services

On 30th June 2020, the UK parliament passed new road transport legislation that will allow rentable e-scooters on streets from July 4th onwards. The use of privately owned e-scooters remains however illegal on public roads. The new rules will allow local authorities and administrations in the UK to deploy and promote e-scooter sharing schemes. A...Read more »

Global supply chains face turbulence not turmoil?

Bloomberg’s Supply Lines provides thought provoking perspectives Jim Thompson, founder and chairman of Crown Worldwide Group. Thomson draws from experience since 1965 in the logistics industry. He suggests that COVID 19’s supply chain disruptions will signify and bumpy ride rather and a dramatic fall in global trade. Thomson also remains skeptical that digital technologies and...Read more »

Why Is Inclusiveness so Important for a Sustainable Recovery?

Evidence is emerging regarding the consequences of economic and income inequality. The UN High Commission for Human Rights reports on the disproportionately severe impact of COVID-19 on racial and ethic minorities. Likely causes for the higher death rates across minorities in all countries include poor health care, overcrowded housing, exposure to environmental risks, and broader...Read more »

Climate Conditions for Austrian Airlines Bailout

Austrian Airlines received a substantial bailout package of EUR 600 million, comprised of EUR 150 million state aid, EUR 300 bank loans to be repaid by 2026 and EUR 150 million equity capital provided by Lufthansa. This bailout package is tied to several carbon performance targets, which the airline agreed to on June 8th, 2020....Read more »

Agreement on the EU’s coronavirus recovery fund is drawing closer

The FT reports on 29 June 2020 that Angela Merkel expressed her optimism on reaching an agreement on the EU’s EUR 750 billion post-coronavirus recovery fund. They have been disagreements over the size of the fund, the proportion of loans vs grants provided by the fund, when repayments should start for the loan portion and...Read more »

Scottish Government promotes a Sustainable Recovery

In a paper published on June 29th, 2020 the Scottish Government proposed and outlined ten guiding principles to the UK Government on how to steer an economic recovery from the COVID-19 pandemic in the region. The principles lay a strong emphasis on a sustainable economic recovery. The proposed stimulus and policy measures aim at reducing...Read more »

Clean Energy Stimulus Plan published by the IEA

The International Energy Agency (IEA) in collaboration with the International Monetary Fund (IMF) published a Sustainable Recovery Plan on June 18th, 2020 that suggests a $3-trillion stimulus package for transitioning globally towards clean energy over a course of three years. The plan focusses on stimulus measures for six sectors that the EIA identifies as fundamental...Read more »

New COVID-19 recovery impact fund in South Africa

Environmental Finance reports on 08 June 2020 that Ninety One, an asset manager, recently launched a COVID-19 recovery impact fund in South Africa. This is another example where private sources of financing are used for recovery measures. The fund will have a portfolio of senior debt, subordinated debt, preferred equity, listed equity and private equity....Read more »