{"id":9844,"date":"2021-05-07T17:36:39","date_gmt":"2021-05-07T17:36:39","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=9844"},"modified":"2021-05-07T17:11:56","modified_gmt":"2021-05-07T17:11:56","slug":"green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa","title":{"rendered":"Green loan to Absa to boost funding for renewable energy in SA"},"content":{"rendered":"

Africa-Press<\/a> – South-Africa<\/a>. <\/strong><\/span>AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, would increase funding for biomass and other renewable energy projects in South Africa, supporting the country\u2019s power sector and economic recovery from Covid-19.<\/p>\n

The companies said in a statement that the IFC, a member of the World Bank Group, would provide Absa Bank, one of Africa\u2019s largest financial services groups, with a loan of up to $150 million (R2.1 billion) to support the bank\u2019s strategy to expand its climate finance business and help South Africa meet its greenhouse gas reduction targets.<\/p>\n

The loan was the first certified loan in Africa that complied with the Green Loan Principles, which meant that lending by Absa for green projects would be disclosed.<\/p>\n

In addition to the loan, the IFC would provide technical advice and knowledge sharing to help the bank develop a green, social, and sustainable bonds and loans framework.<\/p>\n

\u201cAfrica\u2019s green transition requires considerable mobilisation of funds,\u201d said Jason Quinn, Absa interim group chief executive. \u201cThe agreement with IFC bolsters our funding available for green projects and strengthens Absa\u2019s position as a leader in financing renewable projects in South Africa,\u201d he said.<\/p>\n

Absa said it was the leader in arranging financing for South Africa\u2019s Renewable Independent Power Producer Programme, having structured and arranged financing for about 46 percent of projects concluded under the programme to date.<\/p>\n

Other banks are targeting climate change. Earlier this month, Nedbank came out with a target of zero emissions by 2050. Standard Bank is currently under fire from its shareholders for its lack of disclosure and measured targets around climate change.<\/p>\n

\u201cFinancial institutions and the private sector have an important role to play helping South Africa to rebuild greener and more sustainably from the impact of Covid-19,\u201d said Adamou Labara, the IFC\u2019s country manager for South Africa. \u201cBy increasing funding for renewable energy and climate smart projects we can help South Africa strengthen its climate change resilience and increase climate change adaptation.\u201d<\/p>\n

[email protected]<\/p>\n

BUSINESS REPORT ONLINE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, would increase funding for biomass and other renewable energy projects in South Africa, supporting the country\u2019s power sector and economic recovery from Covid-19. The companies said in a statement that the IFC, a member of the […]<\/p>\n","protected":false},"author":84,"featured_media":9843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-9844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nGreen loan to Absa to boost funding for renewable energy in SA - South Africa<\/title>\n<meta name=\"description\" content=\"AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, wo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green loan to Absa to boost funding for renewable energy in SA\" \/>\n<meta property=\"og:description\" content=\"AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, wo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-07T17:36:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Green loan to Absa to boost funding for renewable energy in SA\",\"datePublished\":\"2021-05-07T17:36:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\",\"name\":\"Green loan to Absa to boost funding for renewable energy in SA - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg\",\"datePublished\":\"2021-05-07T17:36:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, wo ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg\",\"width\":720,\"height\":404,\"caption\":\"Green loan to Absa to boost funding for renewable energy in SA\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Green loan to Absa to boost funding for renewable energy in SA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Green loan to Absa to boost funding for renewable energy in SA - South Africa","description":"AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, wo ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa","og_locale":"en_US","og_type":"article","og_title":"Green loan to Absa to boost funding for renewable energy in SA","og_description":"AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, wo ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-05-07T17:36:39+00:00","og_image":[{"width":720,"height":404,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Green loan to Absa to boost funding for renewable energy in SA","datePublished":"2021-05-07T17:36:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa"},"wordCount":356,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg","keywords":["Africa Press","Africa Press-South-Africa","South-Africa"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa","name":"Green loan to Absa to boost funding for renewable energy in SA - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg","datePublished":"2021-05-07T17:36:39+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"AFRICA\u2019S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, wo ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-609574be99517.jpg","width":720,"height":404,"caption":"Green loan to Absa to boost funding for renewable energy in SA"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/green-loan-to-absa-to-boost-funding-for-renewable-energy-in-sa#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Green loan to Absa to boost funding for renewable energy in SA"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/9844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=9844"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/9844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/9843"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=9844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=9844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=9844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}