THE GLOBAL CAPACITY BUILDING COALITION LAUNCHES ACCELERATOR AT ECOSPERITY TO SPOTLIGHT AND SCALE CLIMATE FINANCE CAPACITY BUILDING INITIATIVES
SINGAPORE, May 6, 2025 /PRNewswire/ -- Today at the Ecosperity Week 2025, Mary L. Schapiro, Chair of the Global Capacity Building Coalition (GCBC), announced the launch of the GCBC Accelerator, a global initiative that will identify, celebrate, and support high potential capacity building projects that mobilize sustainable finance to help bridge the investment and capacity gap in emerging markets and developing economies (EMDEs).
The Global Capacity Building Coalition
The Accelerator, open to organizations, partnerships, or programs dedicated to building capacity in or for EMDEs, presents an exciting new opportunity for applicants to showcase their efforts supporting the development of climate finance needed to scale the energy transition. Applicants will be able to enter across three distinct categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation.
EMDEs, excluding China, face a nearly $2.5 trillion annual financing gap for sustainable development. Around half of this finance is expected to come from domestic resource mobilization, presenting a transformative opportunity for growth. Strengthening the capacity of financial institutions and professionals in local economies is a critical lever to unlock investment potential. Today, capacity building resources needed to scale the energy transition and sustainable development can often be fragmented, difficult to access, and unevenly targeted. The Accelerator seeks to address these barriers by spotlighting and supporting the world's most innovative and impactful capacity building initiatives that help channel capital where it's needed most.
Mary Schapiro, Chair of the Global Capacity Building Coalition and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) said, "Emerging markets and developing economies need access to the tools, resources, and support necessary to accelerate the clean energy transition. This Accelerator program is designed to identify and scale innovative efforts that support capacity-building, drive economic opportunity, and help build more resilient, sustainable economies. The GCBC is excited to elevate financial institutions, civil society organizations, and others that are engaging in this critical work."
The GCBC will provide tailored support for selected Accelerator initiatives, including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. The GCBC will announce selected applicants at New York Climate Week in September 2025. By recognizing these capacity building efforts within the climate finance ecosystem and supporting them to scale and replicate, the Accelerator aims to help organizations and individuals unlock opportunities and accelerate investment in the transition across EMDEs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
3 Things to Know About Palantir (PLTR) Before It Reports Q2 Earnings
Key Points Palantir's Artificial Intelligence Platform is changing the way businesses and governments operate. The company is growing quickly but sports an outsized valuation. A slowdown in growth could have an impact on the Palantir stock price. 10 stocks we like better than Palantir Technologies › Perhaps the most interesting stock to buy in the market today is Palantir Technologies (NASDAQ: PLTR). The company, which is using its artificial intelligence (AI) platforms to completely alter how governments and commercial businesses operate, is up roughly 480% in the last year alone. So far in 2025, the stock is up almost 110%. Along with that remarkable run-up is a story of obscenely high valuation. Investors are betting big on Palantir to the tune of some rarely seen valuations, such as a price-to-earnings ratio (P/E) nearing 700 and a forward P/E of 270. Palantir has its second-quarter earnings call scheduled on Aug. 4, after the market's closing bell. If it can maintain its growth momentum, its stock will continue to soar. However, a slowdown in growth could be devastating and let the air out of the Palantir balloon. Here's what investors should be watching for as the company prepares its Q2 report. Palantir's growth numbers Palantir is seeing serious growth since it unveiled its Artificial Intelligence Platform (AIP) in the spring of 2023. AIP uses generative AI to allow users to input commands and lengthy prompts into Palantir's powerful network in order to get real-time insights and predict the outcomes of events. For government users of Palantir's Gotham platform, it's now much easier to command Palantir to tap into satellite networks to determine where opposing military assets are located, predict the results of operations, make recommendations, and offer insights as real-time battlefield situations evolve. Outside of the military aspect, Palantir's platform will be helping to optimize and orchestrate workflows so users can make better decisions throughout the government. Commercial users of Palantir's Foundry platform can use AIP to help them manage supply chains, optimize operations, crunch healthcare data, and reduce manufacturing costs. The company is seeing rapid growth in both platforms. While Palantir has long been recognized as a key government contractor, its commercial contracts in the first quarter were up 33% from a year ago, reaching $397 million. Much of that growth came from U.S.-based clients, where revenue jumped 71% from a year ago to reach $255 million. Government revenue was up a whopping 45% on a year-over-year basis to $487 million, with the lion's share ($373 million) coming from U.S. government contracts. That's leaving Palantir flush with cash. The company ended the first quarter with $370 million in adjusted free cash flow, up from $149 million a year ago, and $5.4 billion in cash and cash equivalents with zero debt. Key metrics to consider on Aug. 4 While Palantir's growth numbers are impressive, it's hard to say that the company is fairly valued today. Any company with a P/E ratio over 600 has far overextended its fair value -- and that's OK if you believe, as I do, that Palantir is a transformative company with a true value that still hasn't been recognized. But that belief isn't going to protect you if Palantir disappoints investors when it reports its Q2 earnings. How would that happen? There are a few metrics I'll be looking at. Customer count: Palantir's commercial customer count grew by 46% in the last year and by 9% on a quarterly basis. It needs to keep that momentum going by signing some big deals. In the first quarter, Palantir inked 139 deals of at least $1 million, and 31 of those were worth more than $10 million. Revenue growth: Palantir needs to keep the money coming in. Remember, commercial work rose 33% on a year-over-year basis in the first quarter, and government work was up 45%. A slowdown would be impactful to the Palantir stock price. For the record, Palantir issued guidance for second-quarter revenue in a range of $934 million and $938 million. The midpoint of that would be a 47% overall increase from a year ago. That's a big number, but I think it's achievable. Remaining performance obligations (RPO): This is the backlog -- the amount of revenue that Palantir has locked in by contracts it signed with government and commercial clients, but the work hasn't been delivered or paid for yet. Palantir's backlog at the end of the first quarter was $1.9 billion and has been steadily growing over the last two years. Quarter Total RPO Q1 2023 $936 million Q2 2023 $968 million Q3 2023 $988 million Q4 2023 $1.24 billion Q1 2024 $1.3 billion Q2 2024 $1.37 billion Q3 2024 $1.57 billion Q4 2024 $1.73 billion Q1 2025 $1.9 billion Source: Palantir Technologies Palantir's backlog is accelerating, and the company needs to continue to grow its RPO at a decent clip. Anything below $2.05 billion will be a red flag, and anything above $2.15 billion will be a huge signal that Palantir's growth story is still cooking. How to invest in Palantir today I'm an unabashed fan of Palantir, but I'm not going to be adding to my position this week. If you're looking to invest, I suggest a dollar-cost averaging strategy that will protect you from volatility if the stock drops but will still give you some benefits should the stock continue to show power. Regardless of how Palantir does in its report, I'm holding the stock because I believe that it will continue to deliver -- despite its steep valuation and high expectations from Wall Street. Should you buy stock in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Patrick Sanders has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. 3 Things to Know About Palantir (PLTR) Before It Reports Q2 Earnings was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
13 minutes ago
- Yahoo
Decade-Old Bitcoin Wallet Emptied, Millions in BTC Moved Amid Market Correction
A Bitcoin (CRYPTO: BTC) wallet that has been inactive for over a decade was emptied on Friday, marking a significant movement in the cryptocurrency market. What Happened: The Bitcoin wallet, known by the initial '1c5Cb,' was first funded back in 2013 through a CoinJoin address, reveals the blockchain data. Back then, Bitcoin was primarily used for transactions on the darknet market Silk Road and was valued at around $75. Since its initial funding, the value of Bitcoin has skyrocketed by 152,300%, bringing the total value of the wallet to a staggering $34.8 million. The recent price of Bitcoin has been fluctuating below $114,000. Just two weeks ago, another dormant address moved a whopping $4.7 billion to crypto exchange Galaxy Digital. The firm later announced it had sold 80,000 Bitcoin worth $9 billion on behalf of a client. A similar transaction involving 50 Bitcoin worth $5 million was activated in April. Also Read: $1 Billion Bitcoin Transfer Triggers Massive Liquidations — This Is Where It Was Offloaded According to on-chain data firm CryptoQuant, Bitcoin may be in a months-long correction phase as long-term holders cash in. The firm noted that the market is experiencing significant selling from large holders, known as 'whales,' for the third time since 2024. The Bitcoin moved on Friday was split between two wallets, holding 106 and 200 Bitcoin respectively. The transaction did not appear to be heading to an exchange. CoinJoin addresses are used to enhance the privacy of Bitcoin transactions by combining multiple users' Bitcoin into a single transaction. This makes it more difficult to track the flow of transactions. Experts have identified early Bitcoin miners as potential targets for quantum computers, capable of cracking Bitcoin's encryption for early wallet-address types. This includes coins belonging to Bitcoin's pseudonymous creator, Satoshi Nakamoto, who is believed to own 1.1 million Bitcoin, worth $125 billion at current prices. Read Next Dormant Bitcoin Whale Awakens After 14 Years, Moves $469.8 Million Worth of BTC Image: Shutterstock/Paopano UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Decade-Old Bitcoin Wallet Emptied, Millions in BTC Moved Amid Market Correction originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
15 minutes ago
- Bloomberg
OPEC+ Agrees in Principle to 548k B/D Hike in Sept.: Delegate
OPEC+ members have agreed in principle to make another bumper oil production increase of about 548,000 barrels a day for September, according to a delegate. The move would complete the current tranche of supply revival a year early as the group moves to reclaim its share of global crude markets.
