Climate Risk

Climate Risk

NZBA Reports Strong Net Zero Progress at COP28

By ESG Investor | 06/12/2023

As of 30 September, 96 of 136 member banks had set net zero targets, NZBA said in a progress update.

ESG Data

NZDPU Proof of Concept Launches, Feedback Sought

By Manesh Samtani | 06/12/2023

The proof of concept includes an initial set of data fields, features, and functionality to solicit stakeholder insights that will inform future releases.

Sustainable Finance

COP28: Central Banks and Financial Supervisors Unveil Blended Finance Recommendations

By Ranamita Chakraborty | 05/12/2023

The Network for Greening the Financial System outlines principles for scaling up blended finance in climate projects across emerging markets.

Sustainable Finance

Singapore Unveils Asia-focused Blended Finance Initiative

By Editors | 05/12/2023

The blended finance platform will bring together concessional as well as commercial capital to invest in green and transition projects.

Climate Risk

CFTC Proposes Standards for Carbon Credit Derivatives

By Editors | 05/12/2023

The guidance adopts standards from the ICVCM’s Core Carbon Principles and introduces quality standards for carbon offsets tied to derivative contracts.

Sustainable Finance

GFANZ Plots Path Toward Net Zero Transition

By ESG Investor | 05/12/2023

Around 250 financial institutions will have published their transition plans based on the NZTP framework within the next year.

Climate Risk

Bhutan Becomes First Country to Integrate with CAD Trust

By Manesh Samtani | 04/12/2023

By integrating with CAD Trust, Bhutan guarantees the efficiency and transparency of its climate mitigation efforts, in line with Article 6 of the Paris Agreement.

Sustainable Finance

MAS Launches Coalition to Test Carbon Credits for Coal Phase-Out

By Editors | 04/12/2023

Two pilot projects will be undertaken to test the use of transition credits to help finance the early retirement of coal-fired plants.

Sustainable Finance

Emerging Market FIs to Get ‘Enhanced’ Climate Finance Assistance

By Editors | 04/12/2023

International organisations including the World Bank, IMF, GFANZ and others will provide enhanced capacity building support to financial institutions in EMDEs.