Date
15/03/2021
The ASEAN Capital Markets Forum (ACMF) endorsed the ACMF Action Plan 2021-2025 (“Action Plan”) during its 34
th ACMF Chairs Meeting hosted virtually by Autoriti Monetari Brunei Darussalam. In realising the ACMF Vision 2025, the Action Plan sets out three strategic objectives namely (i) fostering growth and recovery with sustainability, (ii) promoting and sustaining inclusiveness; and (iii) strengthening and maintaining orderliness and resilience. The five key priorities that support the strategic objectives are: (i) driving higher levels of transparency and disclosure, (ii) continuing with regulatory harmonisation, (iii) intensifying capacity building, (iv) amplifying communication and awareness building; and (v) strengthening co-operation and co-ordination.
A Chinese backed solar plant in Cafayate, northern Argentina. Such projects would be given the green light by regulators under new proposals for Chinese overseas investment Credit: Alamy/ChineseDialogue
BEIJING, Jan 15 2021 (IPS) - A government-backed coalition of international advisors to the Belt and Road Initiative (BRI) has recommended that China apply more stringent environmental controls over its overseas investments. If adopted, this would be a major departure from China’s usual approach of deferring to host country rules, many of them inadequate, for regulating its overseas investments.
High-level advisors, including former UNEP chief Erik Solheim and green finance heavyweight Ma Jun, propose a system to categorise Chinese overseas investments based on their polluting, climate and biodiversity impacts.
A Chinese backed solar plant in Cafayate, northern Argentina. Such projects would be given the green light by regulators under new proposals for Chinese overseas investment Credit: Alamy/ChineseDialogue
BEIJING, Jan 15 2021 (IPS) - A government-backed coalition of international advisors to the Belt and Road Initiative (BRI) has recommended that China apply more stringent environmental controls over its overseas investments. If adopted, this would be a major departure from China’s usual approach of deferring to host country rules, many of them inadequate, for regulating its overseas investments.
High-level advisors, including former UNEP chief Erik Solheim and green finance heavyweight Ma Jun, propose a system to categorise Chinese overseas investments based on their polluting, climate and biodiversity impacts.
Modern Diplomacy
A government-backed coalition of international advisors to the Belt and Road Initiative (BRI) has recommended that China apply more stringent environmental controls over its outbound investments. If adopted, this would be a major departure from China’s usual approach of deferring to host country rules, many of them inadequate, for regulating its overseas investments.
High-level advisors, including former UNEP chief Erik Solheim and green finance heavyweight Ma Jun, propose a system to categorise Chinese overseas investments based on their polluting, climate and biodiversity impacts.
The classification methodology was published on 1 December at a press conference organised by the BRI International Green Development Coalition (BRIGC) in Beijing. It would see coal-fired power plants given a firm red light, while other types of Chinese overseas investments, such as hydropower and railways would need to implement internationally recognised mitigation measures to ea
Bellona.org
Fossil loopholes go dangerously unnoticed in EU Sustainable Finance Rules
The EU’s new rules on sustainable finance has been a hotly debated topic throughout 2020. Changes to the criteria for climate mitigation have sparked warranted debate on the so-called Taxonomy’s alignment with the EU’s 2050 climate target. The parallel process for climate adaptation, however, have passed many onlookers by. Not paying attention to the potential fossil loopholes introduced in the adaptation criteria is a mistake, jeopardizing the credibility of the Taxonomy.
Fossil loopholes go dangerously unnoticed in EU Sustainable Finance Rules Published on
As covered by FT on the 6th of December, climate experts warn that the removal of the automatically declining climate mitigation threshold in the EU’s Sustainable Finance Taxonomy risks its alignment with EU’s 2050 climate target. With all eyes fixed on climate mitigation, however, loopholes for fossil fuels have