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Developing Asian countries expected to catch up with Europe in hugely complex initiative 24 May 2021 | Chito Santiago Transition finance is gaining traction in Asia with countries like China, Japan and South Korea declaring their commitment to achieving carbon neutrality by 2050 and 2060. These commitments, according to an S&P Global Ratings report, could boost the ability of the largest carbon-emitting industries and companies to raise capital and use the proceeds to reduce their carbon footprints, thus, contributing to a net-zero emissions economy. “Transition finance will shape the flow of capital as it becomes central to the strategy of financial institutions in allocating capital to sectors that are part of the energy transition strategy,” says Daniel Mallo, managing director and head of natural resources and infrastructure, Asia-Pacific, Societe Generale. “By having a transaction done in a sustainability-linked format, it is likely to attract more intere ....