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World Bank proposes sovereign sustainability-linked bond verification body
07 January 2022The World Bank has proposed creating a global body to support the development and assessment of sovereign sustainability-linked bonds (SLBs)...
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Korean green taxonomy includes natural gas
05 January 2022South Korea has published its classification system, or taxonomy, of activities it deems to be environmentally sustainable - which includes natural gas but omits nuclear energy.
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ICMA: 'Common ground' taxonomy should increase scope, not granularity
05 January 2022The International Capital Market Association (ICMA) has recommended that the landmark 'common ground' taxonomy (CGT) of green activities widens its scope to include additional categories and transition activities, but avoids developing the granularity seen in the EU Taxonomy.
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Chinese carbon price 'to quintuple'
05 January 2022Chinese carbon prices could increase five-fold in the next ten years - from $6 currently to between $31 to $100 - due to stronger demand and tightening supply.
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Hong Kong banks warned of significant climate impacts
04 January 2022Climate risks could cause "significant adverse impacts" for Hong Kong's banking sector, its regulator has warned, adding that banks need to take "early action to manage them".
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Hong Kong Airport expansion green bond 'pure greenwashing'
04 January 2022A proposed green bond from the Hong Kong Airport Authority (HKAA) has been described as "pure high-flying greenwashing" by a climate finance campaigner,...
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Bank of Japan provides $18bn in interest-free climate loans
24 December 2021Japan's central bank has begun to provide interest-free 'climate response' loans worth up to JPY2 trillion ($18 billion) to encourage investment in decarbonisation.
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Singapore mandates TCFD disclosures from 2023
16 December 2021The Singapore Exchange (SGX) will make disclosures based on recommendations of the TCFD
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Coal: the beginning of the end
14 December 2021The era of coal is ending - and finance can end it, argues Jacqueline Tao
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Indonesian paper firm expansion 'litmus test' for 'net-zero' banks
14 December 2021The substantial financing being sought by two Indonesian paper and pulp firms to support their expansion plans has been described by environmental groups as a "litmus test"...