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As a global climate banking alliance softened its stance on mandatory targets, some chief sustainability officers of Southeast Asian banks think it is time to 'come back to earth' on transition pathways and reporting requirements.
With one in five green jobs expected to go unfilled by 2030, LinkedIn’s Pei Ying Chua and Microsoft Singapore’s Joey Tan warn of a growing skills gap. They urge businesses to see green investments as strategic, not as a cost.
Experts say the bonds will attract international investment in China’s green transition, bringing private funding and boosting international climate cooperation.
Increasing allocations and giving states more freedom on how they can spend EFT funds could make this mechanism more effective, say conservationists. Malaysia's environmental sustainability minister Nik Nazmi also agrees there is a good basis to make the scheme more permanent, but in-depth discussions must be held with the states, he told Eco-Business.
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