Green finance: surge of climate-transition emerges from Asia's governments to promote decarbonisation projects [Yahoo! Finance]
CREDIT AGRICOLE UNSP/ADR (CRARY)
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Source: Yahoo! Finance
accelerate corporate efforts to cut carbon emissions, according to bankers and asset managers. The latest example is Shanghai, where a transition finance taxonomy published by the municipal government took effect on January 1. The Hong Kong Monetary Authority is preparing a transition finance framework to classify whether activities can help carbon-intensive firms reach net-zero emissions. "You will see this year extraordinary rapidity in guidance coming out, which will make it a lot easier for banks to figure out what to do and what not to do," Sean Kidney, CEO of UK-based non-profit Climate Bonds Initiative (CBI), said on Wednesday at the Climate Business Forum, part of Hong Kong Green Week Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Such guidance is necessary to promote lendi
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