AlterCOP’s Post

In pursuit of Asia’s 2050 net-zero ambitions, the financial sector is being called upon to support and engage with sustainable development initiatives to effectively catalyse climate recovery. Speaking at the National University of Singapore's (NUS) Sustainable and Green Finance Institute, Deputy Prime Minister Heng Swee Keat expressed the urgency “to promote more investment…and to bring the expertise of venture funding to the increasingly urgent and important areas of climate transition and sustainability”. It is estimated that more than US$3 trillion will be required to fund this green transition, with government bodies taking proactive strides in investing in tangible solutions that could potentially support the nation as well as developing countries across the region in tackling climate change. Read more about it: https://lnkd.in/gX_a-xdz Together, let's #PowerTheChange and sow the seeds of sustainability for a greener tomorrow. #Geneco #GenecoSG #VentureCapital #Business #Leadership #SustainableFinance #NetZero #Investment

With Singapore and neighbouring countries in Southeast Asia at various stages of development, how can we make #Green finance and #sustainable financing more attractive to financial institutions and corporates who are starting out on their sustainability journey? As part of our #COP29 enagagement, my colleague Xin Yi Lau looks at what hurdles need to be addressed in this region before we can scale up sustainable financing 🌱 https://lnkd.in/eymemXhm

ASEAN Alliance on Carbon Markets is delighted to convene the Global South - North Carbon Market Dialogue in #NewYork at the Yale Club with our Permanent Chairman of AACM, Dharsono Hartono to kick us off! Thanks to global thought leaders in the carbon markets space who joined us and together wanting to amplify the global south voice during last monday at the NY Climate Week 2024 Three key takeaways 🌏It’s time for Global South to hold global north driven initiatives such as Science Based Targets initiative accountable for a just transition and to allow inclusion of carbon credits for companies scope 3. We need global north to play more active part in mobilising capital to emerging markets & developing economies (EMDEs) and carbon financing is one of the most efficient way. Demand signals would be crucial for the market at this juncture. Global South is most vulnerables from the climate crisis, yet we receive about 15% from sustainable finance last year. Other alliances such as the Brazilian Initiative on VCM; the Pakistan’s and the Colombian’s resonate with us. 🧩It will take collective actions to reimagine VCM 2.0 to really scale carbon markets as a fiancial instrument / securities. The current infra set up is not fit for purpose to mobilise hundreds of billions of market potentials from Carbon financing. BloombergNEF projected the carbon credits under high quality scenario can be valued at $1.1 trillion annually. The right institutions are looking at the right thing. Southeast Asia can be a good place to pilot this out. 🏛️Some excitements for Indonesia’s carbon markets as the next administration (to be inaugurated in less than a month) is keen to address supply concerns & shape more accomodative policies to grow the market. Carbon Markets industry can promote green economic growth (especially outside Java) and can create green jobs! Malaysia’s ASEAN Chairmanship will also promote a new ASEAN Common Carbon Framework (ACCF) - led by the newly launched Malaysia Carbon Market Association Dr Renard Siew - which we will be supporting! Huge thank you to our speakers! ✅CEO of IETA Dirk Forrister ✅CEO of VCMI Mark Kenber ✅CEO of BloombergNEF Jon Moore ✅Sr Exec Advisor to CEO of Sustainable Energy for All (SEforALL) Filipe Blackwood Oliveira (Sr Advisor TPG , Initiator of Global Carbon Market Utility ) ✅Presidential Envoy for Global Blended ✅Finance Alliance Mari Elka Pangestu ✅Forest Senior Advisor for Special Presidential Envoy for Climate (SPEC) US Gov, Frances Seymour ✅Co Founder & CEO of Abatable Valerio Magliulo ✅Co-Founder & CIO BeZero Carbon Sebastien Cross ✅CEO of Pijar Foundation Ferro Ferizka Aryananda The event was hosted by ASEAN Alliance on Carbon Markets (AACM) in collaboration with ICGD and Abatable , supported by Sustainable Energy for All (SEforALL) , BloombergNEF and Equatorise #NYClimateWeek #StrategistLife #CarbonMarkets #ASEAN #GlobalSouth #SoutheastAsia

The pressing need to address climate change and promote environmental sustainability on a worldwide scale has required the development of creative financial tools and strategies. Green bonds have emerged as a crucial vehicle, facilitating the direct allocation of cash towards environmentally advantageous projects. Green bonds are specifically created to generate funds for projects that have the objective of accomplishing climate related and more extensive environmental objectives. Their progress is closely linked with worldwide endeavours to tackle climate change, bolstered by diverse international accords and frameworks, such as the Paris Agreement United Nations, 2015 . The market for green bonds has experienced significant growth since its establishment, indicating a rising level of investor enthusiasm for sustainable finance. As reported by the Climate Bonds Initiative 2023 , the total value of green bonds issued by 2020 exceeded 1 trillion, highlighting their crucial function in funding a sustainable future. by Siddhartha Ghosh | Nitish Shekhar "The Tech-Driven Green Revolution: Fintech's Role in Reshaping Sustainable Investment via Green Bonds" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-3 , June 2024, URL: https://lnkd.in/dSQAAf93 Paper Url: https://lnkd.in/dynSTSC7

Sustainability has become an imperative. Understanding the effects of countries' policies thereon has therefore acquired vital importance. This is particularly the case with ubiquitous policies such as investment promotion. To uncover potential tensions and balance economic and sustainability goals and make sure that they contribute to their countries' green transition, investment promotion agencies should monitor and evaluate the environmental impact of their activities, in general, and their prioritization strategies, in particular. Find out more in our latest note: https://bit.ly/4d9afLZ Inter-American Development Bank Ana María Ibáñez Mariano Bosch Mossi Allen Blackman fDi Intelligence Danielle Myles Monika Sztajerowska Jeronimo Carballo Ignacio M. #FDI #InvestmentPromotion #IPA #Sustainability

What is the role of carbon markets in the transition to a more sustainable world? This topic was debated at the roundtable "Improving the Investment Environment for Transition Finance in Emerging Markets", organized by Santander and the Institute of International Finance (IIF). The event took place in São Paulo on Wednesday (28/02) and involved members of the public and private sectors. Felipe Bittencourt, CEO of WayCarbon, mediated the panel "The key role of carbon markets in supporting sustainable transition". "The carbon market is not the silver bullet for solving climate change, but it is a fundamental tool for catalyzing the transition to a more sustainable world. In addition, Brazil has the potential to lead this agenda globally", he said. The panel also included Cristina Reis, Deputy Secretary for Sustainable Economic Development (Ministry of Finance, Brazil), Sergio Robredo-Nuñez, Director for Financing and Investment in Productive Sectors (CAF -banco de desarrollo de América Latina y el Caribe-), and Leonardo Mercante, from the government relations team at Suzano. The debate took place at the same time as the G20 Ministerial Meetings in São Paulo and is part of the preparations for the 19th summit, which will be held in Rio de Janeiro from November 18 to 19. This year, climate finance will be one of the main topics addressed. (Photo: WayCarbon archive, 2023) #WayCarbon #Climate #ClimateChange #Sustainability #JustTransition #CarbonMarket #G20 #ClimateFinancing 

🌍 Transition finance emerges as a top theme for 2024, gaining momentum post-COP28 discussions. It presents a multi-trillion-dollar opportunity for investors, particularly in decarbonizing high-emitting industries like steel, aviation, and shipping, while addressing social impacts.   💡 Instead of solely funding low-carbon industries, it supports high-carbon and 'hard-to-abate' sectors in transitioning towards sustainability. It embraces the dynamic nature of this transformation, ensuring a holistic approach across the economy.   📈 Wall Street recognizes the potential for attractive risk-adjusted returns in transition finance, with examples like Mitsubishi Heavy Industries and Japan Airlines issuing transition bonds for sustainable investments.   🔍 Lack of standardized frameworks poses a barrier, but initiatives like the Glasgow Financial Alliance for Net Zero and Climate Bonds Initiative aim to provide clarity.   💼 Private sector leaders like Apollo, Brookfield, and BlackRock are diving into transition finance, with billions committed to clean energy and climate capital platforms.   🌐 Public-private partnerships, exemplified by the UAE's climate finance fund, offer a model to mobilize capital for net-zero transitions, aiming to attract private investment through capped returns.   📈 Despite progress, transitioning the global economy requires vast sums; however, efforts like GFANZ anticipate significant growth in transition plans adoption among financial institutions in 2024.   🌱 Let's continue the conversation on sustainable financing and investing and urge politicians to establish clear, globally aligned sectoral transition road maps and milestones, in line with EU climate ambitions. #transitionfinance #sustainableinvesting #climateaction #esg #decadeofaction

Many thanks to all contributors 🚀🌍💥 Global Sustainable Investment Alliance's excellent 💥 Transforming #Global #Finance for #Climate Action - Addressing Misaligned Incentives & Unlocking #Opportunities💥: Key Takeaways 💥👇 🔑✨🎯 PIVOT Framework: Identifying #Systemic Barriers ➡️✨ #Policy Vacuum: Unclear #policies leave investors uncertain about how to align #capital with #climate #goals. ➡️✨ (self-)Interest: A focus on short-term #returns undermines progress on long-term #sustainability. ➡️✨ (mis-)Valuation: #Financial tools fail to price #climate risks and opportunities accurately, leading to misdirected #investments. ➡️✨ (In)active Ownership: #Passive approaches hinder #corporate accountability for #sustainability goals. ➡️✨ #Transition Misalignment: Existing #business #models often conflict with the systemic shifts needed for net-zero transitions. 🔑✨🎯 Actionable Solutions for #Policymakers and #Investors ➡️✨ #National Transition Plans: Combining #climate objectives with #economic #strategies provides clear roadmaps for private #capital. ➡️✨ #Reform Incentives: Phasing out #fossilfuel subsidies and implementing #carbon pricing will redirect #market priorities. ➡️✨ Update #Valuation Models: Incorporate #climate risks, opportunities, and #natural capital into #financial assessments. ➡️✨ #Active Ownership: #Investors must redefine #fiduciary duties to prioritize #sustainability and engage proactively with #companies. ➡️✨ Collaborative Platforms: Stakeholders should foster dialogue to align policy frameworks and investment strategies. 🔑✨🎯 #Global Examples ➡️✨ #France’s Low #Carbon Strategy: Strengthened #carbon pricing and green investment incentives guide #private funding effectively. ➡️✨ #Chile’s #Sustainable #Bonds: #Transparency and accountability attract investments in renewable energy and adaptation projects. 🔑✨🎯 Next Steps for #Systemic Change ➡️✨ Disseminate to #COP29 participants and policymakers to catalyze collective action. ➡️✨ Scale solutions like #greenbonds and #blendedfinance to mobilize capital in underserved markets. 💥 Links in comments💥 Alessandro Santoni Calvin Chu Yee Ming Elsa Pau Agnes K Y Tai, PhD 戴洁莹 Vivien Teu Christine Chow, PhD Dr Victoria Hurth Nazia M Habib Deborah Jamieson, OBE Andreas Hoepner Andrew Parry Hilary Eastman, CFA Mark Manning Vanessa Havard-Williams Jason Mitchell James Alexander Anthony Charrie, CFA Tim Manuel Valentina Ramírez, CFA Rebecca Chesman Fabrizi Heather Buchanan Hemesh Nandwani Marcio Brandão UKSIF #investing #markets #economy #innovation #esg #sdgs #future #cop29 #technology #biodiversity #sustainability #india #impactinvesting #environment #climaterisk #growth #assetmanagement #energy #renewables #investments #economics #sustainable #circulareconomy #privateequity #sustainabledevelopment #pension #riskmanagement #risk #governance #fundmanagement #finance #humanrights #humanresources #environmental #investment #water

Despite concerns about anti-ESG sentiment in the US, sustainable finance continues to thrive globally. Asia's localized approach, focusing on just transitions and robust frameworks, underscores the region's commitment to sustainability. #ESGTrends #GlobalSustainability

“Financing Asia’s Net Zero Transition” by Hong Kong Green Finance Association (HKGFA) (go to their page for more in-depth insights from the various sessions). My impressions and takeaways: * Surprisingly impressed by the attendance and thoughtful insights from leaderships of private banks like Hong Kong&Shanghai Banking Corp.Limited.(H.S.B.C), Standard Chartered, Bank of China (Hong Kong), Moody's among other relevant organizations, MDBs and government agencies here in Hong Kong (typically these private sector actors are missing in such convening, maybe it was just the kind I have been attending, and maybe it is Hong Kong) * Transition financing equally important, especially in high emitting brown sectors alongside financing growth in green sectors - while being mindful of “transition washing” and green washing * Importance and progress in creating high quality standards, taxonomy, carbon accounting and interoperatability across borders and regions (esp in VCM) * Need for global capacity building across different actors and countries for competent and high quality data reporting and monitoring * Blended finance for small and developing countries and the investment gap, need is in trillions of $$ (not billions) Asia Global Institute