The Sustainable Finance Action Agenda outlines a roadmap for the city’s green transition, covering banking, the Exchange Fund, sustainability disclosures, green technologies, and the talent pool. A key feature of the agenda is the requirement for banks to achieve net zero in their operations by...
Mr. Joseph Law, Managing Director of CLP Power, emphasized that decarbonizing HK's electricity sector could address over 80% of its carbon emissions. He advocated for the electrification of transportation infrastructure and carbon trading to achieve net-zero emissions. Law also shared CLP's experie...
Summary The COP26 process highlighted the need for action from finance providers, not only to decarbonize their own balance sheets but also to help businesses in the real economy decarbonize. The net-zero transition presents a challenge — it is a new area of financing for ...
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Why transition pathways are critical to net-zero success Sector-specific transition pathways are critical to the financial industry’s ability to turn climate ambition into climate action. Learn more. 31 Aug 2022 Four steps financial institutions can take on the path to net zero...
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Averting the worst impacts of climate change will require accelerated climate action and rapid movement towards a net zero emissions global economy. For that, finance will be key. A finance COP The Baku summit – the 29thConference of the Parties (COP) to the UN climate convention – has ...
FinTech and Digitalisation Promotion Committee In the first half of 2024, the committee held a total of three plenary meetings to review and approve the Bank's Action Plan for Digital Financial Business Development in 2024, the Measures for Data Governance (Version 2024), the Plan for Cross-...
For example, China brokered a surprise detente between Iran and Saudi Arabia in March 2023. Both China and Brazil have also made efforts to unite developing countries behind a plan to end the war in Ukraine. With the vast size of this bloc, the united Global South can be a formidable forc...
[3] Asia-Pacific Network of the Glasgow Financial Alliance for Net Zero, Financing the Managed Phaseout of Coal-Fired Power Plants in Asia Pacific, PUBLIC CONSULTATION: Guide to support the financing of the early retirement of coal-fired power plants as part of a just net-zero transition, htt...