March 29, 2024
Finance

Transition finance seen as a crucial tool in the fight against climate change in Asia

There is a US$4 trillion funding gap compared with the US$5 trillion annual investment the world needs to make by 2030 to reach the Paris Agreement’s ambition to contain global warming at 1.5 degrees Celsius by achieving net zero carbon emissions by 2050, the International Renewable Energy Agency estimated last year. 04:44 Cop28 climate summit

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Finance

Hong Kong prepares transition finance framework to support development as an international green finance hub

“A taxonomy is very important for transition financing, so that banks have a common standard to follow in terms of the issuance of bonds and loans.” Transition finance refers to bonds and loans that help companies turn their carbon-intensive operations into climate-neutral outfits aligned with global green ambitions. The development of transition finance has been

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Finance

Hong Kong to host sustainable finance training event for Asian policymakers, regulators and finance professionals

“After many years of sustainable finance development, globally we see that the majority of the sizeable transactions are happening in the Organisation for Economic Co-operation and Development countries (OECD) and China,” Ma told the Post. “The rest of the emerging markets are lagging behind in terms of capacity, which has held back their development of

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Finance

Lets Be Clear On What Finance Can And Can’t Do

Economic Forum (WEF) annual meeting in Davos, on January 16, 2024. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) AFP via Getty Images For all the talk of sustainability being put on the back burner whilst other issues (inflation, rates, AI, geopolitics etc) take centre stage, the energy transition and

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