In the first trade day to be held at COP, trade leaders from the ICC, WTO, Unctad and the ITC came together to highlight the role trade and trade finance can play in the transition to a lower-carbon future.
Inroads have been made at COP28 on voluntary carbon markets and calls for carbon pricing, but phasing out fossil fuels is still the ‘elephant in the room’.
Unlocking innovative financing solutions provides the opportunity to decarbonise and electrify HGVs, which could save millions of tonnes in carbon emissions, writes the Green Finance Institute’s Lauren Pamma.
The move to a low-carbon emissions world will need capital to be redirected towards clean energy technologies. Heather McKenzie explores the investment needed to decarbonise the current energy system, as well as foster innovation and new business models.
Issuances of green, social and sustainability-linked bonds continue to grow, as banks have structured new products to respond to investors’ and corporates’ needs. What is the state of play of the markets today?