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Don't vilify carbon markets, 'offsets will be needed in short-term', says TP ICAP
18 July 2023While there are inevitably some in the voluntary carbon market that are trying to "game the market", the level of criticism suffered by the market is unjustified, TP ICAP has told Environmental Finance.
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193 Chinese green bonds relabelled as 'common ground taxonomy' aligned
17 July 2023China has published a list of 193 Chinese green bonds which it judged as aligned with the EU-China Common Ground Taxonomy (CGT), in an "innovative" move to attract international investment in the domestic sustainable bond market.
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Chinese climate engagement initiative launches
17 July 2023An institutional investor initiative to encourage decarbonisation by Chinese corporates has been launched which it is claimed is the first of its kind in China, the world's second largest economy and its most polluting country.
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Water scarcity to increase emerging market sovereign credit risk, says Moody's
13 July 2023Growing water demand and worsening global water scarcity is set to increase sovereign credit risk, with emerging market countries and the US set to be particularly affected, Moody's Investors Service has warned.
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Some APAC banks "double counting" climate contributions, warns Fitch
12 July 2023While banks in Asia Pacific's developed markets are making "good progress" on the transition, Fitch Group's CreditSights warned some may be artificially enlarging and double counting their contributions to climate change.
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Progress on JETPs 'slower than expected', says Sustainable Fitch
12 July 2023Progress on the UN's Just Energy Transition Partnerships (JETPs) has been slower than expected, but taxonomies that include transitional activities could help emerging markets meet their decarbonisation targets, Sustainable Fitch has told Environmental Finance.
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US investors expect ISSB alignment, despite ESG backlash
11 July 2023Many investors in North America expect the market to align with the International Sustainability Standards Board's (ISSB) climate and sustainability standards, despite the growing ESG backlash in the US.
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Investors "shifting towards biodiversity opportunities" in Australasia
10 July 2023Investors in Australasia are shifting away from merely managing biodiversity risk towards looking for investment opportunities, the Responsible Investment Association Australasia (RIAA) told Environmental Finance.
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'Samurai' sustainable bond growth trend expected to continue
07 July 2023The rapid growth in Japanese yen-denominated 'Samurai' sustainable bonds from foreign issuers is expected to continue, but Sustainable Fitch worries about the rise in private placements in the market.
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Singapore plans massive expansion in ISSB-style climate reporting
06 July 2023Singapore has revealed plans to drastically expand the number of companies that have to report their emissions, adding that the disclosures will be in line with IFRS's new climate standards.