• Filter By:
  • EMA of Singapore to issue bonds as part of US$2 billion programme to finance green energy transition

    January 15, 2023 | Green finance markets | Singapore | East Asia & Pacific

    To finance the Republic’s green energy transition and ensure the stability of the electricity market, the Energy Market Authority (EMA) is looking to launch green, sustainable and transition bonds as part of a $2 billion multi-currency medium-term note programme. These bonds could involve projects relating to natural gas, such as retrofitting existing natural gas plants to lower their emission intensity.

    Read More
  • China's green finance market seen quadrupling to US$10.4 trillion by 2031, but lack of ESG data holding back funds, products, UBS says

    January 14, 2023 | Green finance markets | China | East Asia & Pacific

    China's sustainable finance market could more than quadruple to 70 trillion yuan (US$10.4 trillion) by 2031, according to Swiss investment bank UBS. The size of the green finance market in the world's largest emitter nation has already reached 16 trillion yuan, accounting for about 8 per cent of the country's entire financial system, supported by President Xi Jinping's pledge in 2020 for China to peak national emissions by 2030 and achieve carbon neutrality by 2060. But the lack of useful and comparable environmental, social and governance (ESG) data is a major hurdle for the development of ESG funds or products in China, said Ronald Wu, UBS' head of ESG and sustainability research in Asia-Pacific.

    Read More
  • Scottish Government proposes move away from oil and gas drilling

    January 11, 2023 | Policy | Europe & Central Asia

    The Scottish Government has called for the “fastest possible” transition from oil and gas extraction in its new energy strategy and transition plan. According to the official statement, this would result in a net employment gain in the energy production sector, with the potential to expand renewable energy exports. The proposal also includes policies such as significantly expanding the region’s current 13.4GW renewable power generating capacity. By 2030, this would add 20GW of capacity, meeting approximately 50% of the current demand.

    Read More
  • Israel raises US$2 billion in its first-ever issuance of 10-year green bonds

    January 11, 2023 | Green finance markets | Israel | Middle East & North Africa

    Israel has completed its first sale of dollar-denominated 10-year green bonds, raising a total of $2 billion through an international debt offering. Israel is the 24th country around the world to sell green bonds, which are geared to fund key environmental objectives such as those set out in the national action plan on climate change to cut carbon gas emissions. The government seeks to cut global warming emissions by at least 27% by 2030, compared with a 2015 benchmark, and to reach net-zero by 2050.

    Read More
  • Impressive Demand for World Bank’s EUR 3 Billion 10-Year Sustainable Development Bond

    January 11, 2023 | The World Bank News | Europe & Central Asia

    The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced its first Euro-denominated benchmark of 2023, a EUR 3 billion 10-year Sustainable Development Bond maturing in January 2033. IBRD’s Euro benchmark transaction attracted over 100 orders totaling more than Euro 4.3 billion from European and global investors.

    Read More
  • Environmental, social credit risks to rise in 2023, Moody's says

    January 09, 2023 | Policy | Global

    Economic and political turbulence caused by the COVID-19 pandemic and Russia's invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody's said on Monday (Jan 9). The cost-of-living crisis stemming from high food and power prices amid supply issues related in part to the Ukraine war is likely to raise credit risks across a range of sectors.

    Read More
  • 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.

    Read More
  • The Alliance for Green Commercial Banks Hosts the “Green and Sustainable Capital Market Evolution Roundtable Session”

    May 03, 2022 | East Asia & Pacific

    The Alliance for Green Commercial Banks co-hosted the “Green and Sustainable Capital Market Evolution Roundtable Session” with Standard Chartered on May 3, 2022 to discuss the rapid growth of the sustainable finance market, the huge funding gap to achieve net zero, and the associated opportunities for global capital markets.

    Read More
  • The Alliance for Green Commercial Banks Organises the “Practitioner Talk: BUILDING a Green Future”

    July 21, 2021 | East Asia & Pacific

    The Alliance for Green Commercial Banks (the Alliance), co-launched by the Hong Kong Monetary Authority (HKMA) and International Finance Corporation (IFC), a member of the World Bank Group, hosted the roundtable “Practitioner Talk: BUILDING a Green Future”, virtually today (21 July).

    Read More
  • The Alliance for Green Commercial Banks Organises the 2nd CEO Roundtable in Green Building

    July 14, 2021 | East Asia & Pacific

    The Alliance for Green Commercial Banks (the Alliance), co-launched by the Hong Kong Monetary Authority (HKMA) and International Finance Corporation (IFC), a member of the World Bank Group, hosted the second roundtable, “CEO Talk: BUILDING a Green Future”, virtually today (14 July). This roundtable attracted participants globally from Asia Pacific, Europe, Africa, and the Americas.

    Read More

MORE NEWS RESOURCES