The new Partnership for Carbon Accounting Financials guidance goes beyond the dominant financed emissions metric and could be used to quantify avoided emissions from financing the early phase-out of coal, which has gained momentum in Asia.
The Thailand Taxonomy, now under development, should be integrated into disclosure regulations and these reporting rules need to be made mandatory, say financiers and experts at the inaugural Unlocking capital for sustainability Thailand forum.
How much could a new climate finance goal amount to? How many delegates will attend the summit this year? Eco-Business explores which numbers matter at the world’s biggest climate conference that will kick off in Azerbaijan this week.
With key developments taking shape in the global carbon credit trade just a few weeks from COP29, experts say consensus will be crucial to helping Asian nations achieve their national determined contributions.