30 June 2023

Breaking news – Sustainable Finance

What’s new in sustainable finance?

Every week, Carbon4 Finance shares the latest headlines in sustainable finance.

To measure the efficiency of climate mitigation policies, the IMF and World Bank allowed governments to access their joint Climate Policy Assessment Tool (CPAT). Covering over 200 countries, the tool is designed to help countries curb their emissions by 25 to 50% by 2030 compared to 2019.

The European Commission through the Connecting Europe Facility delivered over 6 billion euros of grants to finance 107 European transport projects. Over 80% of the funding will be allocated to a “more efficient, greener, and smarter network of railways, inland waterways, and maritime routes.”

The “green transition” could increase the debt-to-GDP ratio of countries the Bank of International Settlements reported in its annual report. Among other issues, substantially supporting the transition would inevitably put pressure on public financial institutions.

The International Sustainability Standards Board (ISSB) published its first ESG reporting standards to enable companies to communicate on sustainability-related risks. These standards incorporate TCFD’s recommendations.

To the question : Which news do you find the most important ?

  • 34% have responded : ISS-ESG reporting standards
  • 31% : Climate Policy Assesment Tool
  • 25% : Europe Transport Facilities
  • 9% : Transition impact on debt/GDP

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