The new legal framework which requires the public sector issuer to spell out the use of the proceeds and report on the project’s environmental impact has been hailed by the industry for setting the standards for green bond financing in Singapore and the region.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
Chief executive Eddie Yue highlights the urgency of providing greener banking system, and explains how Hong Kong could help Chinese green bonds issuers.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.
Green bonds have become increasingly popular, but investors and borrowers should create a broader borrower carbon emission standard to combat climate change.