Transition finance can be a path to carbon neutrality: S&P ANI | Updated: Mar 10, 2021 11:21 IST
Singapore, March 10 (ANI): Transition finance can contribute up to one trillion dollars per year to the economy as companies in hard-to-abate sectors raise capital and use proceeds for activities that help them reduce carbon footprint, S&P Global Ratings said on Wednesday.
As the transition to a net-zero economy gains traction, new sectors and issuers will enter the market, expanding the pool of investable sustainable financing and allowing investors to diversify their contribution to sustainability objectives, S&P said in a report titled Transition Finance: Finding A Path To Carbon Neutrality Via The Capital Markets.
S&P Global Ratings believes transition finance, including issuance, could contribute up to $1 trillion per year to the economy as companies in hard-to-abate sectors, which were previously absent from the sustainable debt market, raise capital, and use the proceeds for activities that help them reduce their carbon footprint.
/PRNewswire/ S&P Global Ratings believes transition finance, including issuance, could contribute up to $1 trillion per year to the economy as companies in.
/PRNewswire/ S&P Global Ratings said today that Algonquin Power & Utilities Corp. (APUC) scored 79 on its ESG Evaluation. On our scale, 100 indicates the.
Subscribe on LinkedIn to be notified of each new Daily Update a curated selection of essential intelligence on financial markets and the global economy from S&P Global.
Major cities around the world have suffered high rates of coronavirus infections and deaths since the onset of the crisis, due largely to their dense populations. As the largest metropolis in the U.S., New York City’s challenges may be far from over.
New York City existed as the epicenter of the first wave of the country’s outbreak. Since March, it has reported more than 360,000 COVID-19 cases. Now, New York City’s new infections, deaths, and hospitalizations due to the virus are currently surging into a second wave. Thousands of small businesses have shuttered. Economic output has stalled. S&P Global Ratings revised the outlook on New York City’s credit rating to negative from stable as of Dec. 11, citing budgetary inflexibility and a high level of debt and liabilities for its decision.