Japan innovates with climate bonds to fund green technology

Japan, leveraging its technological prowess, has become the first country to issue sovereign bonds specifically for funding climate change initiatives and green technology.

Julian Ryall reports for Deutsche-Welle.

In short:

Japan has initiated the sale of climate bonds, aiming to raise 20 trillion yen to support its green transition, referred to as GX.
The bonds are designed to attract private investment into projects like low-cost wind power, carbon recycling, and advanced batteries.
This move is part of Japan's broader goal to halve its greenhouse gas emissions by the end of the decade and achieve zero emissions by 2050.

Key quote:

"This bond shows clearly how governments, and others, can raise funds to invest in that transition. It marks a significant milestone in transition finance."

— Sean Kidney, head of the Climate Bonds Initiative.

Why this matters:

Japan's innovative approach to financing its green transition through climate bonds represents a significant step in global efforts to combat climate change. It sets an example for how countries can mobilize private capital for sustainable development and technological advancements in clean energy.

Be sure to read Douglas Fischer’s 2019 article: Financial markets push for sustainability, climate accountability.

www.dw.com

Senator Whitehouse puts climate change on budget committee’s agenda

For more than a decade, Senator Sheldon Whitehouse gave daily warnings about the mounting threat of climate change. Now he has a powerful new perch.

a bridge that is lit up at night with wave breaking on a nearby lake shore in foreground.

Credit: Brad Switzer/Unsplash

Tribes exit pipeline negotiations in Michigan over lack of consultation

Seven Indigenous nations in Michigan have walked away from federal talks over a proposed oil pipeline tunnel, citing a lack of meaningful engagement and treaty violations.

Izzy Ross reports for Grist and Interlochen Public Radio.

In short:

The tribes oppose Enbridge’s Line 5 tunnel project, which would replace part of a 72-year-old pipeline under the Straits of Mackinac, a critical freshwater corridor between Lake Michigan and Lake Huron.
Their withdrawal follows the Army Corps of Engineers’ move to fast-track permitting under President Trump’s energy emergency order, which tribes say dismisses their environmental and legal concerns.
Tribal leaders and legal advocates argue that the project threatens water resources and violates both U.S. treaty obligations and international law requiring Indigenous consent.

Key quote:

“Tribal Nations are no longer willing to expend their time and resources as Cooperating Agencies just so their participation may be used by the Corps to lend credibility to a flawed [Environmental Impact Statement] process and document.”

— Letter from seven Indigenous nations to the U.S. Army Corps of Engineers

Why this matters:

Buried beneath the Straits of Mackinac, where Lake Michigan and Lake Huron converge, Line 5 has become a flashpoint in the battle over fossil fuel infrastructure, Indigenous sovereignty, and environmental protection. The aging oil and gas pipeline — operated by Canadian energy giant Enbridge — moves millions of gallons of crude and natural gas liquids daily through a region that holds 20% of the planet’s surface freshwater. A proposed tunnel to house a replacement segment beneath the lakebed has drawn fierce opposition from tribal nations, who warn it risks catastrophic spills and continued desecration of sacred territory.

Read the Full Article on

grist.org

Japan innovates with climate bonds to fund green technology

Global economic losses from climate change may be far worse than predicted, new study warns

Urban wildfires may expose firefighters to toxic metals like lead and mercury

Texas water fight pits growing cities against each other over groundwater exports

Tribes exit pipeline negotiations in Michigan over lack of consultation

Dow seeks to replace fossil fuels with nuclear reactors at Texas plastics plant

DOE drops solar focus in revamp of student building competition

Offshore wind turbines may offer new habitat for key fish species

An open letter from EPA staff to the American public

“We cannot stand by and allow this to happen. We need to hold this administration accountable.”

New evidence links heavy metal pollution with wildfire retardants

“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.

Op-ed: Why funding for the environmental justice movement must be anti-racist

We must prioritize minority-serving institutions, BIPOC-led organizations and researchers to lead environmental justice efforts.

Biden finalizes long-awaited hydrogen tax credits ahead of Trump presidency

Responses to the new rules have been mixed, and environmental advocates worry that Trump could undermine them.

Op-ed: Toxic prisons teach us that environmental justice needs abolition

Prisons, jails and detention centers are placed in locations where environmental hazards such as toxic landfills, floods and extreme heat are the norm.

LISTEN: Reflections on the first five years of the Agents of Change program

The leadership team talks about what they’ve learned — and what lies ahead.