Sustainable transformation: making transition finance stick
When it comes to sustainable investment, Asia is critically lagging. Sustainable Finance Asia Forum 2024 considered the best solutions for plugging the shortfall.
Tfoso
July 02, 2024
The Asia Pacific region is currently facing a significant gap in the race to fund decarbonisation estimated at $US1.1 trillion by the International Monetary Fund IMF.
However, this is not the only problem for a region whose coal-fired economies represent around half of global emissions, according to the International Energy Agency.
China alone accounts for 35% of global CO2 emissions, the agency says.
Speakers at the Sustainable Finance Asia Forum 2024 said that regulators will need to rebalance sustainable investment priorities placing more emphasis on adaptation rather than mitigation - if the region’s most heavily polluting emerging economies are to meet...
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