There is a disconnect between brands' pursuit of decarbonisation targets and the provision of financing to their suppliers. Companies such as H&M are now working with banks in the region on new loan structures to support factory upgrades. Will that make a difference?
The Singapore lender, which has cut a third of its coal exposure since 2021, said that its pledge to cease financing new coal assets remains unchanged. It is still undecided on how to account for this emerging emissions category.
The sustainable development goal financing gap has widened significantly in many developing countries in the region. Coordinated multi-stakeholder regional partnerships and cooperation are needed to mobilise new resources.
By
Naoko Ishii
It is no exaggeration to say that the GCF’s replenishment campaign is a test of the world’s commitment to combating global warming. A successful outcome would not only help close the massive global climate financing gap, but would also allow developed countries to rebuild trust by showing that they understand the urgency of the crisis.
By
Mahmoud Mohieldin and
Vera Songwe
Linking work on nature and climate goals to debt repayment could give indebted countries the space they need to build resilience.
By
Simon Zadek and
Jayati Ghosh
The first auction on Malaysia’s new voluntary carbon market, the Bursa Carbon Exchange (BCX), took place on 16 March, with around RM7.7 million in carbon credits sold.
By
Dr Pieter E. Stek