A Greenpeace study on 2021-issued government municipal bonds in China reveals a large number of projects with green potential. But local governments face challenges and are unwilling to issue green products.
Interest in transition finance is growing, however, despite some countries, including Japan, taking a lead, such vehicles face many challenges, such as low comparability and tech uncertainty.
As international debt capital markets continue to grapple with myriad risks, experts assess the outlook for Asian dealmakers. They make a case for the issuers, sectors and markets that stand to benefit from emerging opportunities over months ahead.
The new China-Singapore Green Finance Taskforce is expected to facilitate easier access to green bonds in both markets through stock exchange connections and digital trading.
Recent efforts to align sustainable bond principles with international best practices show that China is serious about reaching its net zero goals. But it will need to ensure it can boost standards if it is to sustain momentum and investor interest in its green finance sector.