China, EU lead green revolution with finance standards By CHEN JIA | China Daily | Updated: 2021-04-29 09:42 On April 21, China finished the revision of the Green Bond Endorsed Project Catalogue.[CAI MENG/CHINA DAILY]
China and the European Union are jointly leading reform of global green finance by promoting a common scheme of classification, which has focused attention on the importance of investment in addressing challenges of climate change, analysts said.
On April 21, China finished the revision of the Green Bond Endorsed Project Catalogue which is a set of fundamental standards for selecting appropriate investment targets for green bonds.
It removed fossil fuel projects from the list, an action that made the catalog consistent with international rules.
Before the pandemic, elite names were mostly missing from the pioneering ranks of sovereign ESG debt issuers. A year later, the menu of committed issuers is far broader and innovations are emerging
France was the only G7 nation to have issued green bonds prior to the onset of the coronavirus crisis, putting it among a mixed group that ranged from Egypt, Fiji, Hong Kong and Nigeria to a number of smaller EU states.
Now, however, much of the G7 has endorsed green bonds, with Germany’s €7.5bn debut in May 2020 the pivotal moment. Italy too has issued its first deal in the format, while both Canada and the UK are readying their entries into the market.
Tradeweb Joins Climate Bonds Initiative Partners Program
Wednesday, April 21, 2021 6:40PM IST (1:10PM GMT)
Announces a Record $79 Billion of Climate Bonds Screened Green Bond Trading Volume
London, United Kingdom & New York, United States:
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has joined the Climate Bonds Initiative’s Partners Program, a global movement seeking to mobilise bond markets for climate change solutions. Climate Bonds Initiative is an international, investor-focused not-for-profit organisation, promoting investment in projects and assets necessary for a rapid transition to a low carbon and climate resilient economy.
Tradeweb Markets Inc.: Tradeweb Joins Climate Bonds Initiative Partners Program
Announces a Record $79 Billion of Climate Bonds Screened Green Bond Trading Volume
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has joined the Climate Bonds Initiative s Partners Program, a global movement seeking to mobilise bond markets for climate change solutions. Climate Bonds Initiative is an international, investor-focused not-for-profit organisation, promoting investment in projects and assets necessary for a rapid transition to a low carbon and climate resilient economy.
The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans and other debt instruments. The rigorous scientific criteria ensure consistency with the goals of the Paris Climate Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to pr
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