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The Government of India will issue its first-ever greenbond this month, according to an announcement by the Reserve Bank of India, with plans to raise approximately US$2 billion to support green infrastructure projects aimed at reducing the carbon intensity of the economy. Last week, the government of Hong Kong raised US$5.8
The Government of India’s first ever issuance of greenbonds met strong demand, with orders exceeding the offering size by more than 4 times, earning the bonds a 5-6 basis point “greenium,” or a favorable yield spread relative to similar issues lacking green credentials, according to results released by the Reserve Bank of India (RBI).
DESCRIPTION: The United Nations Glasgow Climate Change Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. COP26 Reflects Increased Drive for Climate Action . SOURCE: AllianceBernstein. The problem?
City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2022, its fifteenth sustainability report since 2008. At COP26 in November 2021, CDL joined 44 companies worldwide to extend its pledge towards a net zero whole life carbon emissions approach. billion – one of Singapore’s largest green loans.
City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2022, its fifteenth sustainability report since 2008. At COP26 in November 2021, CDL joined 44 companies worldwide to extend its pledge towards a net zero whole life carbon emissions approach. billion – one of Singapore’s largest green loans.
Even after the 26th United Nations Climate Change Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. In 2022, however, there are many important new regulations and standards in development to bring clarity to this picture. 1, 2022, but fully integrated on Jan.
One of the key highlights of last year’s COP26 conference’s final agreement, the Glasgow Climate Pact , was a call on countries to revisit and strengthen their 2030 emissions targets, or Nationally Determined Contributions (NDCs). Other initiatives highlighted by the Deputy PM included raising the carbon tax and new public sector commitments.
When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. Months on, the effects have been debatable at best. Take the rapidly growing voluntary carbon markets (VCMs) — with a projected value of US$1.5-1.7
COP26 in Glasgow highlighted the critical need for financial markets to be part of the solution to the climate emergency, and this partnership reinforces our commitment to enable this transition,” said Arne Staal, FTSE Russell CEO. Launched in January 2021, Moody’s will continue to roll out scores for additional sectors throughout 2022.
Data from the Climate Bonds Initiative reveals sovereign global, social and sustainable (GSS) bond volumes increased by 103% in 2021 raising cumulative issuance to US$193 billion compared to US$95.2 Greenbonds provided most of the additional US$97.8 This compares with €28 billion in greenbonds and €0.6
At COP26, Indian Prime Minister Narendra Modi pledged to reduce the country’s emissions by one billion tonnes by 2030 and promised to raise the percentage of renewables in its energy mix to 50%, growing India’s non-fossil fuel energy capacity to 500 gigawatts (GW) by the end of the decade, achieving 175 GW by the end of 2022. .
An important key to unlocking that finance lies in green and sustainable emerging market bonds, which promise lenders both returns and the opportunity to invest in projects with an ESG impact. trillion by September, with demand for emerging market labelled bonds far outstripping the rest of the world.
Refinitiv expects the Chinese Government will take more measures during 2022 on the legal status of the ETS, including reviewing allowance allocation, monitoring, compliance and penalties. China’s greenbond issuances are set to exceed US$100 billion this year, according to S&P Global Market Intelligence. billion in 2021.
Also in 2022, the Investor Leadership Network (ILN), representing 14 global institutional investors managing US$9 trillion in assets, called for the creation of a rolling pool of funds offering first or second loss guarantees to blended finance vehicles funding EMDE projects.
This is a clear indication to private finance, but its sub-clauses go further by making specific reference to blended finance, impact funds, greenbonds and biodiversity credits, combining with climate finance initiatives where appropriate. billion in the next GEF funding cycle from 2022-26. Beyond climate.
THE EMPOWERERS Leïla Cantave & Tyjana Connolly 27, 26, Montreal & Calgary Co-founders, Black Eco Bloom After meeting while interning at COP26 in 2021, Leïla Cantave and Tyjana Connolly couldn’t ignore the reality that they saw no other Black youth at the summit. village that was devastated by wildfires in 2022.
Adapting to reality – The findings of the UN’s Adaptation Gap Report 2022 should ensure the topic commands attention throughout COP27, which starts Sunday (as if a year of record-breaking droughts, floods and heatwaves wasn’t enough). But from Australia to India to Gabon , there are examples of ambitious policy action in 2022.
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