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$459bn annual funding gap for ocean protection
27 January 2022An extra $459 billion is needed each year to combat the growing threat to the ocean, says the Asian Development Bank (ADB) in a new report launched today.
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Malaysian central bank sets climate disclosure, stress test as top priorities
26 January 2022The central bank of Malaysia has identified climate risk among its top five priorities for its work to 2026, with plans for mandatory climate-related disclosures, a climate stress test and a pledge to consider 'adjustments' to capital requirements to factor in climate risks.
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Free webinar: Exploring sustainable bond trends in the fourth quarter
26 January 2022Join the Environmental Finance Bond Database team today (26 January) for a free webinar
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India readies regulation of ESG ratings providers
25 January 2022India's securities markets regulator has set out plans to regulate sustainability ratings and research providers, in a consultation paper on the topic.
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Asian market growth for ICE sustainability indices
20 January 2022Exchange-traded funds (ETFs) tracking environment-related and other thematic Intercontinental Exchange (ICE) indices saw strong growth in Asian markets last year.
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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".