MUST-READ: the Ellen Macarthur Foundation's new report on Building Prosperity. The study focuses on Europe’s built environment and explores how a nature-positive circular economy in the sector can unlock a huge economic opportunity for the continent, increasing resilience, competitiveness and the vibrancy of its cities. More details here 👇 https://www.ellenmacarthurfoundation.org/building-prosperity

During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) presented their Circular Economy Working Group’s emerging shared vision (link to PDF) on the role of MDBs in supporting circular economy. The shared vision was unveiled at a session titled "Shaping a global vision for circular finance" which saw Directors from the MDBs emphasise the critical role of MDB support to clients in facilitating the uptake of circular economy approaches. The MDBs recognised that circularity is important to achieving sustainable and just development in the 21st century. Ambroise Fayolle, EIB Vice-President responsible for financing…

The Asian Development Bank (ADB) committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet. ADB committed $9.8 billion in climate finance from its own resources last year—$5.5 billion for mitigation and $4.3 billion for adaptation—a more than 46% increase on its 2022 climate financing commitments. The bank’s climate adaptation finance commitments in 2023 mean that ADB has provided more than $10.4 billion in cumulative adaptation financing from 2019 to…