Tag: Green Finance
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Stronger International Collaboration Can Accelerate Emissions Reductions Across Key Sectors, New Report Finds
Global collaboration as a catalyst for faster emissions reductions In a world grappling with climate change, a new Breakthrough Agenda report highlights a powerful truth: stronger international collaboration can accelerate country efforts to reduce emissions across major sectors. Acting together—governments, businesses, and international initiatives—enables harmonised standards, larger aggregate demand, and mobilised finance in ways that…
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How the Philippines’ Central Bank Is Helping Financial Institutions Become Climate Resilient
Introduction: Climate risk as a financial imperative Climate change poses a systemic risk to the Philippines’ economy, threatening both growth and stability. The Bangko Sentral ng Pilipinas (BSP) has reframed this risk as an opportunity to build a more resilient financial system. While the country faces frequent river and coastal flooding and recent disruptions from…
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How the Philippines’ Central Bank Is Steering Climate-Resilient Finance
Introduction: A Financial System Prepared for Climate Change The Philippines faces increasing climate threats—from riverine floods to coastal storm surges. Recognizing that climate change is a systemic risk to the country’s financial stability, the Bangko Sentral ng Pilipinas (BSP) has positioned itself at the forefront of climate resilience. The central bank’s strategy blends risk management…
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How the Philippines’ Central Bank Is Building Climate-Resilient Finance
Introduction: A Climate-Resilient Financial System in a Vexed Era The Philippines faces increasing climate risks, from riverine floods to coastal storms. In this context, the Bangko Sentral ng Pilipinas (BSP) is taking proactive steps to ensure the country’s financial system can weather climate shocks while steering capital toward green, adaptive projects. Recognizing climate risk as…
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Philippines and Singapore Advance Carbon Credits Cooperation for Sustainable Growth
Philippines and Singapore Forge Ahead on Carbon Credits Cooperation The recent High-Level Forum on Carbon Credits, organized by the Singapore Embassy, Makati Business Club, and the Philippines-Singapore Business Council, marked a milestone in cross-border collaboration on climate finance. Drawing more than 200 participants from government and industry in the Philippines and Singapore, the event was…
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Net-Zero Banking Alliance Shuts Down: What Happened and What It Means
Origins and Promise: The NZBA’s Global Push toward Net-Zero In April 2021, as part of a broader push to align financial activity with climate goals, former U.N. special envoy for climate action and finance Mark Carney helped found the Net-Zero Banking Alliance (NZBA). The coalition brought together 63 banks from 32 countries, collectively managing about…
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Net-Zero Banking Alliance shuts down after member exodus
The end of an era for climate finance governance The Net-Zero Banking Alliance (NZBA), the industry-led initiative once championed by former U.N. climate envoy Mark Carney, has ceased operations after losing most of its membership. The organization, launched in April 2021, effectively shut down on Friday, four years after its public debut as a collective…
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China-Nordic Economic Forum 2025: EVs and Batteries Spotlight in Wuhan
Overview: A New Hotspot in Wuhan The 2025 China-Nordic Economic and Trade Forum is approaching, with the event set to be held in Wuhan, Hubei. This year’s edition introduces Denmark as the host nation, underscoring the deepening ties between China and Nordic countries. Since its inception in 2018, the forum has established itself as the…
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China-Nordic Economic Forum: EVs and Batteries Take Center Stage
An enduring platform for Sino-Nordic trade The China-Nordic Economic Forum, established in 2018, is the first and only long-term mechanism dedicated to fostering economic and trade cooperation with Nordic countries. As the 2025 edition approaches in Wuhan, the forum continues to serve as a bridge for mutual understanding, investment, and market access, with the event…
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Vietnamese Banks Join Global Green Finance Network
Introduction to Green Finance As the world shifts towards sustainable practices, green finance has emerged as a crucial element in combating climate change and promoting environmental responsibility. The recent inclusion of four Vietnamese banks in a $5.6 trillion green finance network marks a significant step in this direction. Banks Joining the Movement Ho Chi Minh…