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SOEs Undermine Credibility of China’s Green Bonds

Chris Hall

The IEEFA’s Christina Ng says China’s state-owned enterprises continue to allocate up to half of their green bond proceeds to non-green projects. . China’s ambition to green its financial market has been making significant progress. SOEs accounted for about half the onshore green issuances from 2019 to 2022.

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Study of EU 100 largest companies shows streamlining and precision needed for optimal EU Green Taxonomy

We Mean Business Coalition

The EU Green Taxonomy is one of the cornerstones of the EU Action Plan on financing sustainable growth and is also the foundation of many other pieces of legislation currently being implemented. The EU Green Taxonomy is also instrumental for the upcoming EU Green Bonds Standard.

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New hydropower certification and labeling scheme launched

Renewable Energy World

IHA said it would expect its members to certify new projects under the Hydropower Sustainability Standard, in line with the organization’s updated membership charter. It will address any confusion about whether a new hydropower project is sustainable and will, crucially, help to unblock green investment and licensing decisions.”.

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Hurdles to Growth of Green Islamic Finance

Chris Hall

Sukuk bonds comply with Shariah law, pay no interest and do not involve speculation. The working group noted that there was an opportunity for growth in Islamic green investment due to the rising demand for ESG investments from institutional investors as they progressively integrate ESG criteria in their investment mandates.

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ESG Today: Week in Review

ESG Today

This week in ESG news: Vanguard launches its first impact fund; Biden considers declaration of climate change emergency; Deutsche Bank appoints its first Chief Sustainability Officer; UK government given 8 months by high court to come up with a climate plan; BlackRock acquires waste-to-renewable gas company for $700 million; PepsiCo issues $1.25

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China’s ESG Policy Dash  

Chris Hall

The world cannot win the fight against climate change without China successfully transitioning to a low-carbon economy, with it accounting for 27% of global carbon dioxide and a third of the world’s greenhouse gases, according to the World Bank.

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