Climate Finance Asia

Hong Kong’s Sustainable Disclosure Roadmap Released. Are you ready?

Read our Director of Strategy Mark Hinnells recent article on 南華早報 about Did Cop29 make any meaningful progress on climate change? “A changing climate is an existential risk for many people and will displace millions in the next few decades. However expensive action is, doing nothing is even more costly.” https://lnkd.in/g6vhxfBW

Excited to share “𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀: 𝗣𝗼𝗹𝗶𝗰𝘆 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗖𝗼𝗻𝘁𝗲𝘅𝘁 𝗼𝗳 𝗖𝗢𝗣𝟮𝟵” Policy Brief by Dr. Nawazish Mirza, PhD, FAIA (Acad) (Professor, Excelia Business School, France) and Dr. Farhad Taghizadeh-Hesary (Chief Economist, Climate Finance Asia, Japan).  This Policy Brief outlines key strategies to overcome barriers in climate finance for Emerging Markets and Developing Economies (#EMDEs) in the post-#COP29, including:  ✔ Expanding Carbon Markets for EMDEs ✔ Improving Access to Risk Mitigation Mechanisms ✔ Building Institutional and Market Readiness ✔ Enhancing Local Financial Ecosystems Read the full version in below link:  https://lnkd.in/g8KvUaja

Facility-level Just Transition guidelines for banks draft report released The Secretariat of the Facility-level Just Transition Working Group (F-JTWG), which is led by Climate Finance Asia, announces the release of a draft report of Facility-level Just Transition Guidelines for Banks at the 29th United Nations Climate Change Conference (COP29). The F-JTWG was formed in August of this year to explore practical ways that commercial banks can integrate Just Transition best practices, at a facility-level, into financing the transition to renewable energy. The report aims to provide guidelines that banks can use to engage their clients and other stakeholders when developing Just Transition Plans. The F-JTWG is comprised of around 15 major global and regional banks alongside non-profit organisations, including SMBC, Bangkok Bank, Climate Bond Initiative, International Labour Organization, and Sustainability Economics. The draft report includes a Facility-level Just Transition Guidelines Tool, covering the six focus areas below, that banks can use to assess their alignment with Just Transition principles, and to engage with their clients for achieving a sustainable and equitable transition: - Labour - Livelihoods - Gender - Energy Security and Poverty - Biodiversity - Governance More details: https://lnkd.in/gg-ams8f #just_transition_guideline #banks #COP29 #transition_finance #energy_transition Alan To Chan-yau Chong Donald Eubank Farhad Taghizadeh-Hesary Toby C. Lilu Vandercamme Water Cheung

Thank you ICESCO for inviting our Director of Strategy, Mark Hinnells to present his and our Chief Economist Farhad Taghizadeh-Hesary's findings of draft report on driving #finance into #renewable energy at COP29 Azerbaijan, for 53 Islamic countries. Final recommendations will be produced at the end of January 2025.

Our Chief Economist,Farhad Taghizadeh-Hesary has been interviewed by China Daily , to share his views on Collective action urged to meet Asia’s climate finance needs. “Establishing both an international carbon market and a global carbon taxation system is essential for achieving net-zero emissions,” said Taghizadeh-Hesary, who is also chief economist of Hong Kong-based sustainable finance consultancy Climate Finance Asia. “Collective action is critical for Asia amid the immense financial resources required, given the transnational nature of climate change impacts,” said Taghizadeh-Hesary. #COP29 https://lnkd.in/gj5XdArz

🌏 Exciting day at the Japan Summit, organised by the Tokyo Metropolitan Government and Silicon Valley’s Plug and Play Tech Center! Our Chief Economist, Dr. Farhad Taghizadeh-Hesary, introduced Climate Finance Asia capabilities and ongoing projects to over 100 attendees, including representatives from the Japanese central government, Tokyo Metropolitan Government, local governments, financial institutions, and venture investors. Dr. Taghizadeh-Hesary highlighted the our impactful initiatives, such as the #Just_Transition_Working_Group_Project,the establishment of #AI_powered_ESG tech. company endorsed by Cyberport Hong Kong, Global X ETFs #Green_J_REIT_ETF, and other projects. These efforts are paving the way for sustainable finance and carbon neutrality. 😀 Great networking opportunities followed, and we look forward to fostering new partnerships with Japanese companies interested in sustainability and finance. Stay tuned by following our LinkedIn page. Lilu Vandercamme Alan To Chan-yau Chong Water Cheung Toby C. Mark Hinnells #JapanSummit #SustainableFinance #JustTransition #Innovation #Partnerships #PlugandPlay

As part of Islamic World Educational, Scientific and Cultural Organization (ICESCO) Action Plan and budget for the year 2024-2025 and its strategic objectives geared towards expediting the integration of Islamic World countries into the global economy and fostering sustainable societies with a specific emphasis on knowledge production, scientific development, innovation, environmental protection, and the preservation of natural heritage, ICESCO engages Climate Finance Asia for research study on the development of "Best Practices and Standards for Small-Scale Renewable Energy Projects". Our Director of Strategy, Mark Hinnells has been invited to participate in the ICESCO and Egyptian National Committee roundtable and presented the draft report that worked together with our Chief Economist, Farhad Taghizadeh-Hesary. Next step is to present the findings at #COP29, and the 53 member states of ICESCO can consider its implications for their revisions to #NationallyDeclaredContributions by February 2025. #renewableenergy #cleanenergy #ISESCO #Egypt

𝗛𝘂𝗿𝗿𝗶𝗰𝗮𝗻𝗲𝘀 𝗮𝗻𝗱 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲: 𝗔𝗱𝗮𝗽𝘁𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 As climate change worsens, major hurricanes are becoming more frequent and intense. #HurricaneHelene and #HurricaneMilton, two back-to-back storms that recently devastated the Southeastern US, particularly North Carolina and Florida, exposed the critical vulnerabilities in our infrastructure and financial systems. #Helene alone caused over 230 deaths and left entire towns submerged, with less than 1% of residents having flood insurance. The financial toll of these storms is in the tens of billions, and the hidden costs—ranging from long-term health impacts to increased mortality rates—are often overlooked. How can we better prepare for these disasters? One solution lies in the power of #SustainableFinance, such as climate resilience bonds. Financial instruments can help communities rebuild while mitigating future risks. In the case of #TampaBay, #Milton threatened to cost USD 175 billion in storm surge damage. Climate Bonds Initiative has recently introduced a Resilience Taxonomy, guiding investments toward strengthening infrastructure and enhancing disaster preparedness. By investing in relevant tools, we can not only protect our communities but also generate financial returns that are aligned with #ESG principles. The financial sector must step up to drive investment in #ClimateResilience. As we rebuild from disasters like Helene and Milton, we must ask ourselves: Are we doing enough to protect against future risks? Now is the time to invest in sustainable finance solutions that safeguard both our environment and our economy. Click the link below to learn more: https://lnkd.in/dJtjmzXM Follow us for more insights on how finance can shape a resilient future. #Asheville (Image credit: CSU/CIRA & NOAA, CSU/CIRA & NOAA/NESDIS, NCDOTcommunications, CC BY 2.0[1]) [1] https://lnkd.in/dJhT5_wf, https://lnkd.in/dxqbfsew; https://lnkd.in/dri4B6x6, https://lnkd.in/d65xm_i9

Thks Glasgow Financial Alliance for Net Zero (GFANZ) Hong Kong Chapter for inviting us to celebrate together this significant milestone! Congratulations 🥂