Innovative financing solutions are needed to drive Southeast Asia’s transition to clean energy, according to Wymen Chan, Managing Director of Asian Investments, SUSI Partners.
A 20-year tranche issued under Green Bond Programme is the longest tenor euro-denominated bond by an Asian government.
In-scope financial institutions and listed companies will have to file their first climate statements from July 2024.
Ageing infrastructure, lack of data, and differences in the needs of emerging and mature markets cause problems for resilience and adaption in the energy sector. .
To support the green finance ecosystem, four interoperable platforms will be developed by the project.
Aim to make inclusivity and credibility central to the regional taxonomy for sustainable finance.
Climate-related reporting will become mandatory in Hong Kong by 2025.
The PBOC says it will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.
ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.
Includes measures to develop the green finance sector, provide low-cost funds for green projects, and expand the carbon trading market.
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