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India’s entry into the green bond market follows the government’s introduction in recent years of a series of climate-related goals, including a pledge made at the 2021 COP26 climate conference to reach net zero by 2070. The Excluded Project category also includes nuclear power generation and hydropower plants larger than 25 MW.
COP26, the 26th UN Climate Change Conference , has just ended. By Steen Vallentin. ? 7 min read ?. It was supposed to be ‘the next big and significant one’: the great follow-up to COP21 five years ago, the outcome of which was the Paris Climate Agreement, the first binding international treaty on climate change.
As some noted , legislative momentum on sustainability and climate was already slowing, just 100 days after COP26. While Europeans bemoan the lack of teeth in new corporate sustainability due diligence rules, the US is still struggling with climate disclosure rules, let alone green fund labelling or even carbon pricing.
COP26 revisited. In the coming months, investors are likely to be monitoring policy and regulatory developments with particular reference to commitments made at COP26.
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.
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