Born after the global financial crisis and before the Covid crisis, central banks usually view climate through a limited risk lens. But times have changed, and central banks must now step up to support the green transition.
Accepting gas power plants as sustainable investments in the taxonomies would lift the risk of greenwash.
The ASEAN State of Climate Change Report (ASCCR) provides an overall outlook of the state of play of climate change issues in the ASEAN region. ASCCR is also a forward-looking report, which includes recommendations on making the transition toward 2030 and on to 2050 for both adaptation and mitigation, considering ASEAN’s development context and the long-term goals of the Paris Agreement.
The implementation of the goals of combating climate change and global sustainable development requires changes in production and consumption patterns in all sectors of the economy and society. In this process, green finance will provide an important financial support. Currently, green finance needs to be further improved in terms of policy, regulation, standards, guidelines, risk […]
