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The government of Australia will issue its first ever greenbond next year, joining the growing ranks of sovereign debt issuers participating in the sustainable finance market to help fund their environmental sustainability initiatives, according to an announcement on Friday by Treasurer Jim Chalmers.
Dr Bo Bai, Executive Chairman of MetaVerse Green Exchange, says regulation should reflect the duality of carbon credits to drive green finance growth. When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve netzero by 2050.
The two nations also agreed to establish a NetZero Government Working Group to bolster the decarbonisation of public services, climate‑related disclosures, and sustainable procurement.
Deirdre Cooper, Co-Head of Thematic Equities and Co-Portfolio Manager of the Global Environment Fund at global asset manager Ninety One, says the world’s ability to meet netzero targets will depend on countries such as China and India. What are China’s stated netzero goals? billion kilowatts by 2030.
In 2005, he joined DHL and worked in a variety of roles, including Head of Talent Management for India, Head of HR for Sri Lanka & Bangladesh and Director of HR Performance & Programs for Asia Pacific. He also contributed to the drafting of the UK’s NetZero Strategy and the upcoming UK Government Green Finance Strategy.
New Zealand, a nation of about 5 million people, in late January reported progress toward its goal to cut emissions by 30 percent over the next decade compared with 2005 levels — but recognized current measures won’t be enough to meet the Paris Agreement goals. It aims to reach net-zero for its own operations and supply chain by 2030.)
Brazil pledged to reduce net greenhouse gas emissions by 59%–67% by 2035, compared to 2005 levels. Tools like greenbonds, concessional finance, and public-private partnerships can unlock large-scale private capital for renewable energy, energy efficiency, and grid modernization projects.
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