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Green finance

European Commissioner for Climate Action Wopke Hoekstra applauds during a closing plenary meeting at Cop29 in Baku, Azerbaijan, on Saturday. Photo: Reuters
Climate change

Cop29 ends with US$300 billion deal, saving talks from brink of collapse

But the agreed funding still falls far short of the trillions poor and vulnerable nations say they need to climate-proof their economies.

Climate change

Macroscope | Are governments finally getting serious about climate finance?

Environment

Open Questions | Why eco-warrior Ma Jun sees hope for China’s role in Cop29 amid US uncertainty

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Climate change

Letters | Can the UN’s climate framework rise to the occasion?

Readers discuss the stakes of reaching a climate finance deal at Cop29 and the need for a global effort against greenhouse gas emissions.

World leaders pose for a photo at the UN climate change conference (Cop29) in Baku, Azerbaijan, on November 12. Photo: Reuters
Climate change

Opinion | US must be consistent to reclaim climate leadership role from China

As China emerges as a climate leader, the US can still be a reliable partner by staying in global agreements and making progress at home.

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Climate change

Opinion | On climate finance, China is only guilty of being too modest

While China must do better in making clear its climate leadership, the rest of the world should stop looking for scapegoats and start paying up.

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Climate change

Financing for Southeast Asia’s energy transition hangs in balance at Cop29

Leaders at ongoing climate summit need to signal a renewed push for phasing out fossil fuels and mobilise finances to do so, analysts say.

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The flooded Red River in Hanoi in September, in the aftermath of Typhoon Yagi hitting northern Vietnam. Photo: AFP
Hong Kong environmental issues

Opinion | How Hong Kong can set a bold example on biodiversity protection

A nature-inclusive Hong Kong would attract talent and investment. The city’s government must mainstream biodiversity across sectors.

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Climate change

Opinion | Asia is emerging as an unlikely champion in race to net zero

The region’s journey to carbon neutrality highlights both the challenges of moving away from fossil fuels and the great potential for progress.

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China-EU relations

Defend euro as China, Russia push for alternative currency: Europe’s bank chief

Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation.

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European Central Bank President Christine Lagarde takes part in an annual meeting of the International Monetary Fund in Washington on Tuesday. Photo: EPA-EFE
Banking & finance

HKMA: banks must meet Hong Kong’s 2030-2050 targets on carbon emissions

The authority also says banks must ensure their lendings to companies and projects are net zero by 2050.

Eddie Yue Wai-man, CEO of the HKMA. Photo: May Tse
Climate change

Macroscope | As the world heats up, who will take charge of our survival?

With Earth on the brink of ecological tipping points, nothing short of a fully coordinated push can prevent worst-case warming scenarios.

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Banking & finance

VP of China-based AIIB says bank has proven doubters ‘100% wrong’

With 110 member states and years of experience, AIIB vice-president says Beijing-based development bank a model for multilateralism.

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Insurance

Exclusive | Climate change imperils Asia’s middle class, Hong Kong reinsurer says

People in emerging markets risk being ‘thrown back into poverty’ by natural disasters amid an insurance gap, Peak Re CEO says.

People paddle makeshift rafts to move to safe areas in Gia Lam District, Hanoi, Vietnam, on September 12, 2024 after Typhoon Yagi swept through. Photo: Xinhua
Climate change

Opinion | Why China’s clean tech glut is a net global positive

China’s massive expansion of green technology can help the world decarbonise and decrease prices at a speed and scale required by the climate crisis.

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Workers install solar panels at an energy base in Zhongwei, Ningxia Hu autonomous region, on May 9. Photo: AFP
Banking & finance

Exclusive | Dubai sees Hong Kong as benchmark as both hubs agree to promote green finance

Harmonising standards and regulations can help unlock more capital for climate-friendly projects in Asia and the Middle East, analyst says.

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Banking & finance

Hong Kong, Dubai to boost efforts on sustainable finance as climate risk mount

Global climate finance must increase by at least sixfold to US$8.5 trillion annually through 2030 to prevent global warming, a US non-profit says.

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Hong Kong economy

Hong Kong HK$50 billion Silver Bonds issue a ‘win-win investment’: Paul Chan

Financial Secretary Paul Chan says bonds will offer elderly residents a safe and reliable place to park their money.

Silver Bonds are an investment option for Hong Kong residents aged 60 and above. Photo: Eugene Lee
Business of climate change

Nature-related disclosures inevitable as stakeholders demand actions: forum

In future, local companies may be asked by regulators about the impact of nature-related risks and opportunities on their operations.

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Climate change

Opinion | Hong Kong should be on the front lines of climate finance

Hong Kong’s strides in green finance can provide great momentum for eco-friendly transitions with partners of the Belt and Road Initiative.

ESG investing

Hong Kong has strengths to aid sustainability goals in mainland China: survey

Hong Kong can provide intellectual support in terms of talent and guidance on capital flows, according to a research report on sustainability trends.

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Cost pressures and talent deficit are among the biggest concerns highlighted by mainland Chinese companies in their sustainability drive.Photo: Shutterstock
Banking & finance

China pledges support for green finance in dense, sprawling economic zone

Guidelines have been issued for green finance in China’s economic nerve centre as the country continues its journey to decarbonisation.

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China’s plan for its green transition involves the use of financial instruments to support clean energy infrastructure. Photo: AFP
Hong Kong environmental issues

Opinion | How Hong Kong can help businesses better contribute to biodiversity protection

Firms are realising the risks posed by climate inaction and seeing potential opportunities in integrating biodiversity into business models.

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Climate change

Opinion | How Hong Kong can be a climate change superconnector

The city can take a two-pronged approach, accelerating local decarbonisation while helping finance the climate transition across Asia.

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Banking & finance

China’s central bank to extend lending support for decarbonisation projects

The extension of the programme to 2027 comes as part of State Council guidelines to accelerate the low-carbon transition in the world’s second-largest economy.

A drone photo taken on August 8, 2024 shows the Xinghua Bay pilot wind farm in Fuqing City in southeast China’s Fujian Province. Photo: Xinhua
Hong Kong economy

Exclusive | Hong Kong firms should tap Laos for logistics, green finance in ‘new era’: envoy

Consul General Ammala Saenchonghack says city leader’s ‘historic’ visit will put Laos on map for Hongkongers, both for holidays and investment.

Consul General Ammala Saenchonghack says Hong Kong’s experience as a financial hub can help attract and manage investments in the country. Photo: Jonathan Wong
Business of climate change

MioTech seeks more partnerships to broaden ESG data services, grow market share

Asia’s biggest ESG data provider aims to form more regional partnerships with ratings and verification firms to broaden its services, just as regulatory demands are toughening across the world.

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Business of climate change

Asian infrastructure bank’s chief looks to fund Asean climate projects

Asean nations need to ‘ramp up efforts to finance climate change mitigation and adaptation projects’, Jin Liqun says.

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Green finance
Latest news, analysis and commentary about the provision by financial institutions of credits, loans and equity financing towards the construction of environmentally sustainable projects and business activities.
last updated:
9 September, 2024
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