In Short : ADB and Bogd Bank have partnered to provide green financing for women-owned MSMEs in Mongolia. This initiative aims to empower women entrepreneurs while promoting sustainable business practices and supporting the country’s green economic growth. In Detail : ULAANBAATAR, MONGOLIA : The Asian Development Bank (ADB) and Bogd Bank JSC have signed a […]
Govt homes in on Rs 25,000 crore projects for green financing – EQ Mag
New Delhi: The government has identified projects worth ₹25,000 crore that will be financed by proceeds from sovereign green bonds issued in the current fiscal and the next as part of its green-funding push, officials said. The projects already identified for green financing are largely in renewable energy and clean transportation segments, one of them […]
5 Barriers That Hinder Green Financing
Implementing nature-based solutions (NbS) can be an impactful strategy to confront biodiversity and climate crises, while promoting sustainable rural development and generating financial, social and investment returns. Despite this, NbS face multiple difficulties in implementation, with lack of financing as a critical obstacle. Unlocking investment to close the gap will require investors, governments and infrastructure […]
How to get green financing to take off – EQ Mag Pro
An economic return alone might not be sufficient to induce green financing. A more holistic rate of return, considering the social cost of carbon, will be appropriate Climate finance, or Green Money, remains a critical bottleneck for India in its journey towards the Net Zero 2070 objective and to create a resilient system through climate […]
$134 Million UK Fund to Help Catalyze Green Financing in Southeast Asia – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development. The […]
Green Financing Critical to Decarbonizing the Indian Transport Sector – EQ Mag Pro
Green Financing Critical to Decarbonizing the Indian Transport Sector NITI Aayog and WRI India Conduct Consultation Workshop to Identify Potential Financing Solutions to Accelerate Sustainable Mobility NITI Aayog and World Resources Institute (WRI), India, with the support of GIZ India, conducted a virtual consultation workshop on ‘Financing for Decarbonization of Transport’ as part of the […]
HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing
While other UK banks such as NatWest have already set similar net-zero goals, HSBC’s aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date LONDON: HSBC will target net zero carbon emissions across its entire customer base by 2050 at the […]
Lack of awareness major challenge for green financing, say experts
High cost of compliance, uneven competition, banks’ strict terms and conditions and weak regulatory environment were other key challenges of green finance Lack of awareness was a major challenge for green financing, experts said on Wednesday in a seminar. Besides, high cost of compliance, uneven competition, banks’ strict terms and conditions and weak regulatory environment […]
