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Policy Gaps Curbing Private Climate Finance Flows

Chris Hall

The gap between current climate investment and the funds needed until 2030 to achieve the net zero targets of the Paris Agreement currently stands at US$6 trillion annually, according to research from the Climate Policy Initiative (CPI) and law firm A&O Shearman, equating to approximately 6% of global annual GDP.

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ESG Bond Issuance to Quadruple by 2025

Chris Hall

According to the International Energy Agency, US$4 trillion of clean energy investment will be needed annually by 2030. ESG bond issuance reached US$1 trillion in 2021 for the first time according to Refinitiv. A key factor in meeting demand for climate-positive investment could be the growth of climate-aligned bonds.

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Singapore Finalises Sustainable Finance Taxonomy

Chris Hall

As such, the introduction of amber thresholds caters to vessels that are aligned with industry targets under the 2023 International Maritime Organisation Greenhouse Gas Strategy to reach net zero emissions by or around 2050, which sets intermediate targets of reducing emissions by at least 20% and striving for 30% by 2030 compared to 2008 levels.

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Take Five: From America to the World

Chris Hall

In other US climate-positive news, the Biden administration recently awarded US$4.3 In related news, NatWest Group issued this week the first bond by a UK bank dedicated to financing and re-financing electric vehicles (EV), raising net proceeds of €750 million (US$811.4