Breaking news – Sustainable Finance
What’s new in sustainable finance?
The IFSCA now oversees credit rating agencies and ESG rating providers operating in IFSC-GIFT City. According to SEBI, this move aims to strengthen regulatory frameworks and ensure robust oversight of financial ratings in India's growing financial hub.
ESMA is renewing the Consultative Working Group of its Sustainability Standing Committee and invites stakeholders to apply by 30 August 2024. The SSC supports ESMA's mission by promoting sustainable finance and integrating ESG factors across sectors.
The latest I4CE report highlights that in 2024, the French government invested €32 billion in climate projects, with additional public funding needs potentially reaching €71 billion by 2030 without expenditure control measures. To achieve a 50% emissions reduction by 2030, France must increase its climate investments from €94 billion in 2022 to €206 billion by 2030, with proposed measures including regulatory strengthening, elimination of certain tax provisions, and focusing aid on the most modest beneficiaries.
