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...
Such guidance is necessary to promote lending for climate-transition plans. But the profusion of guidance from multiple governments is also a possible source of conflicting information.Hong Kong green fintech players must extend ties to sectors beyond finance“As a banker, I can tell you that you...
“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...
The Hong Kong government will soon launch a subsidy scheme for start-ups with expertise in the collection, analysis and reporting of sustainability data as part of an effort to connect the city’s financial acumen with a growing fintech field and support the climate transition, according...