A fisherman on a banca, a native boat in the Philippines, manoeuvres next to a railroad construction project in Paranaque city, south of Manila, on May 3. Asia has an annual infrastructure investment gap of US$900 billion. Photo: EPA-EFE
Opinion
Mathias Lund Larsen
Why a world awash in green investments can’t find the money for sustainable development goals
Funding for UN SDGs are short of US$2.5 trillion every year despite global green investments topping US$30 trillion
More clarity is needed on what counts as ‘sustainable investment’ as well as greater transparency on the activities of financial institutions
Growth in China’s green financing, even for its much-touted green bonds, appears to be stalling, as environmental priorities take a back seat in a year when the economy has struggled to recover from Covid-19.
Growth in China’s green financing, even for its much-touted green bonds, appears to be stalling, as environmental priorities take a back seat in a year when the economy has struggled to recover from Covid-19. 22 Feb 2021 - 3:58AM
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The global environmental challenges the world faces require multilateral solutions that involve public and private stakeholders. Increasingly, there is a push to develop green financial systems that offer incentives for corporate actors to reduce carbon emissions, invest in clean energy sources and prioritize conservation of natural resources.
Over the past five years, China has made headlines for its green finance approach to pursuing an “ecological civilization” that can address the dual objectives of development and environmental protection, which is embedded into its