Transition
Capital markets bankers are alert to the possibility that growing awareness of the need to transition away from fossil fuels — acknowledged explicitly by all signatories to the Paris Agreement for the first time in the COP26 agreement in Glasgow — could begin to sap the bond market access of oil and gas companies.
French-led push for nuclear and gas puts credibility at stake
Reinsurance and ILS is ‘still in its infancy’ in understanding climate change’s impact on catastrophe risk.
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Asian Development Bank has launched the long-awaited energy transition mechanism for clean energy transition in Southeast Asia, starting with Philippines and Indonesia -
Financial help needed to kickstart difficult parts of transition
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In September 2021, Singaporean renewable energy company Sembcorp Industries raised S$675 million ($501 million) through its inaugural sustainability-linked bond (SLB), anchored by a S$150 million investment from IFC. The issuance sets the scene for an emerging financing instrument in Southeast Asia’s energy sector as the region showcases decarbonisation strategies at COP26
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