Asian climate finance gap ‘risks jeopardizing green investing’

Published onSeptember 9, 2020

The climate finance investment gap is limiting the integration of climate change for companies and the financial sector across Asia, jeopardizing the success of green finance globally, according to the Asian Infrastructure Investment Bank (AIIB) and Amundi, Europe’s largest asset manager. This assessment comes ahead of the imminent launch of the AIIB-Amundi Climate Change Investment Framework—a first-to-market tool aimed at informing targeted sustainable and responsible financing. The AIIB-Amundi Climate Change Investment Framework launches September 9 and translates key objectives of the Paris Agreement into fundamental metrics to assess an investment’s level of alignment with climate change mitigation, adaptation and low-carbon and climate resilient development objectives. The relative absence of Asian financial firms from climate commitments and key international financial sector climate groupings has severe implications for the future of global green finance.

Source: https://www.internationalinvestment.net/news/4019635/asian-climate-finance-gap-risks-jeopardizing-green-investing