MANILA, PHILIPPINES : The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development. The […]
Green Financing Critical to Decarbonizing the Indian Transport Sector – EQ Mag Pro
Green Financing Critical to Decarbonizing the Indian Transport Sector NITI Aayog and WRI India Conduct Consultation Workshop to Identify Potential Financing Solutions to Accelerate Sustainable Mobility NITI Aayog and World Resources Institute (WRI), India, with the support of GIZ India, conducted a virtual consultation workshop on ‘Financing for Decarbonization of Transport’ as part of the […]
HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing
While other UK banks such as NatWest have already set similar net-zero goals, HSBC’s aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date LONDON: HSBC will target net zero carbon emissions across its entire customer base by 2050 at the […]
Lack of awareness major challenge for green financing, say experts
High cost of compliance, uneven competition, banks’ strict terms and conditions and weak regulatory environment were other key challenges of green finance Lack of awareness was a major challenge for green financing, experts said on Wednesday in a seminar. Besides, high cost of compliance, uneven competition, banks’ strict terms and conditions and weak regulatory environment […]
