News / #climate finance
As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.
Paul Chow, group CSO of the city's bourse operator, drew parallels between Hong Kong and Singapore, which he says has implemented top-level initiatives to price carbon and govern emissions trading. The city also needs to boost its relevance as a 'super-connector' for China, say panellists at the ASIFMA annual conference.
Indonesia’s climate envoy has cast doubt on the country’s commitment to the Paris Agreement, calling coal plant closures 'economic suicide,' threatening the US$20 billion Just Energy Transition Partnership (JETP).
Climate timelines are not set by elections or cost curves, reminds the country’s ex-central banker Ravi Menon. But he cautioned that in the short term, political headwinds and the US climate retreat could impact investment decisions.
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