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Green finance

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.
Elephants wade through flood waters to help bring relief supplies to villagers in Chiang Mai province, Thailand, on October 6, 2024. Photo: AP
Climate change

Opinion | Asia can’t afford to wait for the US to wake up to its climate duty

As the US walks away again, Europe, China and others need to fill the climate reparation funding gap, not out of charity but responsibility.

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Indonesia

Indonesia’s clean energy transition in doubt after US withdrawal from JETP

Climate change

Opinion | Can China, India step in to fill climate void left by Trump’s America?

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Climate change

Opinion | How Trump’s rejection of net zero exposes inconvenient truths

While some might lament the shift away from global climate action, Trump’s actions prompt reassessments of existing net-zero strategies.

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Donald Trump holds up a letter to the UN stating the US’ intent to withdraw from the Paris Agreement during his inaugural parade in Washington on January 20. Photo: AFP
Hong Kong environmental issues

Letters | Why Hong Kong should consider carbon taxes

Readers discuss the need for the city to step up measures to combat climate change, and making compliance easier for small businesses.

Climate change

Opinion | We wouldn’t slap tariffs on vaccines. Why would we on solar panels?

Despite apprehension from some governments, the benefits of China’s green technology oversupply can be deployed for the greater good.

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Banking & finance

Hong Kong, GCC seek synergies in finance and infrastructure to deepen ties

Officials from Saudi Arabia, UAE, Oman and Qatar say Hong Kong can a play a major role to help diversify their economies.

Officials from the Gulf Cooperation Council take part in a panel discussion at the Asian Financial Forum on Tuesday. Photo: Jonathan Wong
Business of climate change

Citigroup, BofA join US lenders in leaving global climate-banking alliance

US banks are under pressure from Republican lawmakers to distance themselves from industry groups that support reducing carbon emissions.

Climate change

Opinion | How China is quietly becoming the world’s climate champion

As Chinese officials play a larger part in global climate negotiations, Beijing’s decarbonisation agenda could cement its leadership role.

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Climate change

Opinion | Southeast Asia’s energy transition is lacking both finance and policy

The bulk of funds needed will have to come from private finance, which requires a conducive environment that regulatory policy can create.

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Climate activists protest at the Cop 29 UN climate change conference in Baku, Azerbaijan, on November 23. Photo: EPA-EFE
Climate change

Opinion | Did Cop29 make any meaningful progress on climate change?

Market reforms are needed to motivate investors to deliver more affordable capital and to level the playing field between fossil fuels and renewables.

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An attendee reacts during a closing plenary session at the COP29 UN climate summit in Baku, Azerbaijan, on November 24. Photo: AP
Climate change

Opinion | Will China seize the chance to become a world leader on climate?

Despite growing scrutiny of its international climate finance contributions, Beijing’s domestic policies could help set standards in the Global South.

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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?

The world still lacks an institution with the authority to enforce financial commitments, but policymakers are at least starting to realise the size of the problem.

Motorists drive by the logo for the United Nations Climate Change Conference (Cop29), painted on a road in Baku, Azerbaijan, on September 16. Photo: AP
Environment

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

NGO founder explains how mapping initiative helps hold authorities and companies accountable for carbon emissions and cover-ups.

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Illustration: Lau Ka-kuen
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.

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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Huang Runqiu, minister of ecology and environment, speaks at a session at the China Pavilion during the Cop29 UN Climate Summit in Baku, Azerbaijan, on November 15. Photo: AP
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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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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An employee works on solar photovoltaic modules for export at a factory in Sihong, in Jiangsu province, on September 3. Strong state support and huge private investment have made China’s solar industry a global powerhouse, but it faces new headwinds including punitive tariffs and a brutal price war at home. Photo: AFP
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.

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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Danny Alexander is the outgoing vice-president for policy and strategy at the Asia Infrastructure Investment Bank. He joined the bank in 2016. Photo: David Wong
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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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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