*Chile’s state-owned copper mining company Codelco has obtained US$532m in climate financing from French bank Crédit Agricole CIB, guaranteed by the World Bank Group’s Multilateral Investment Guarantee Agency (Miga). According to a Codelco press release, the funds will be used to finance a plan to decarbonise 100% of the company’s energy matrix by 2030. Codelco, which accounts for around 9% of Chile’s energy consumption, aims to reduce greenhouse gas emissions significantly through this initiative. Codelco has already taken steps towards this goal by signing and renegotiating supply contracts with major energy providers such as France’s Engie, Chile’s Colbún, and AES Andes, a subsidiary of US firm AES Corporation.
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