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  • Indonesia’s president launches carbon emissions credit trading

    September 26, 2023 | Green finance markets | Indonesia | East Asia & Pacific

    Indonesia President Joko Widodo launched the country’s first carbon emission credit trading, with the aim of creating a market to fund cuts in greenhouse gas emissions and become a major participant in the global carbon trade. Thirteen carbon credits for nearly 460,000 tons of carbon dioxide equivalent (CO2e) were traded during the launch.

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  • Tanzania's NMB Bank opens US$400 million green bond program

    September 25, 2023 | Green finance markets | Thailand | East Asia & Pacific

    Tanzania's NMB Bank NMB.TZ is launching a 10-year multi-currency medium term bond of 1 trillion Tanzanian shillings (US$400 million) under a green bonds initiative. African nations and businesses have been vying to increase their share of climate finance, to combat climate change and invest in sustainable development.

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  • TNFD unveils final recommendations for nature-related reporting

    September 22, 2023 | Global

    The Taskforce on Nature-related Financial Disclosures (TNFD) released its final recommendations on nature related issues, providing a framework which it hopes will underpin company reporting on nature-related issues in a similar way to those already rolled out for climate change impacts.

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  • TSE to Launch Carbon Credit Market Oct. 11

    September 22, 2023 | Green finance markets | Japan | East Asia & Pacific

    The Tokyo Stock Exchange (TSE) announced that it will launch its planned carbon credit market, a platform for carbon dioxide emissions credit trading among companies and others, on Oct. 11. On the new market, CO2 emissions reduced through the use of renewable energy and other measures will be traded as J-Credit carbon credits certified by the Japanese government.

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  • IFC, Bosnia and Herzegovina Banking Association Join Forces to Bolster ESG in Bank Sector

    September 21, 2023 | IFC news | Bosnia and Herzegovina | Europe & Central Asia

    A new cooperation agreement between IFC and the Banking Association of Bosnia and Herzegovina (UBBiH) aims to enhance the environmental, social, and corporate governance (ESG) capacities of the country's banking sector.

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  • HSBC to Provide US$1 Billion Financing to Climate Tech Startups

    September 21, 2023 | Green finance markets | Global

    HSBC said that it plans to allocate US$1 billion in financing to support emerging climate tech companies around the world in a push to help reduce carbon emissions. The financing is expected to support start-ups in EV charging, battery storage, sustainable food and agriculture, and carbon removal technologies.

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  • Nasdaq launches comprehensive ESG data and reporting platforms

    September 20, 2023 | Green finance markets | Global

    Nasdaq has unveiled two ground-breaking ESG data offerings tailored for corporates and investors. The products, Nasdaq Metrio and eVestment ESG Analytics, aim to strengthen sustainability data collection, measurement, and reporting capabilities.

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  • Brazil strengthens climate goals, targets 48% lower emissions by 2025

    September 20, 2023 | Policy | Brazil | Latin America & Caribbean

    Brazil aims to cut its emissions by 48% by 2025, the country's environment minister Marina Silva told the United Nations' Climate Ambition Summit in New York, as she issued a revised set of stronger climate goals. By 2030, Brazil aims to cut its emissions by 53% compared with 2005 levels.

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  • Vietnam's First Local Currency Sustainability-Linked Bonds to Boost Economy, Support Climate Goals

    September 19, 2023 | IFC news | Vietnam | East Asia & Pacific

    As local companies seek financing to grow and seize new opportunities amid a green transition, IFC is investing up to VND 3,500 billion (around US$150 million) in local currency sustainability-linked bonds (SLBs) to be issued by BIM Land Joint Stock Company and its subsidiary Thanh Xuan Joint Stock Company. The first local currency SLBs in Vietnam, they aim to help issuers expand their businesses while creating jobs, boosting competitiveness, and supporting the country's low-carbon growth model.

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  • PRESS RELEASE | The Alliance for Green Commercial Banks Announces the Onboarding of Cornerstone Members, Global and Knowledge Partners, and the Launch of its First Thought Leadership Paper and Website

    June 07, 2022 | Press release | East Asia & Pacific

    Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered, have become cornerstone members of the Alliance for Green Commercial Banks (the Alliance). The Alliance brings together financial and research institutions and innovative technology providers to develop a green community in emerging markets to accelerate sustainable economic development. The Alliance also launched its first thought leadership paper, entitled “Climate Risk: Definitions, Measurement, Current Practices and Regulatory Oversight.

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