My word is my bond: Linking sovereign debt with national sustainability commitments
Photo: MiniStocker/Shutterstock At the same time, unprecedented levels of investment will be needed to fund COVID-19 stimulus and relief packages, as well as to address the challenges posed by climate change and the degradation of ecosystems that regulate the air, water and soil on which we all depend.
In this context, policy makers, the private sector, and investors are asking whether the solutions to these challenges can be linked. These connections are, in fact, already being made in the financial markets. In 2019, sustainability-linked loans (SSL) tying the interest rate to a company’s performance reducing its impact on climate and the environment, increased by over 168% from a year earlier, with major agricultural firms including Bunge, Louis Dreyfus and Wilmer among the issuers. The growth in these loans is expected to continue. The market for sovereign bonds that finance sustainable devel
PM directs for ensuring complete transparency in execution of 10 bln Tree Tsunami Programme radio.gov.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radio.gov.pk Daily Mail and Mail on Sunday newspapers.
Providing a safety cover for the environment
22 Dec 2020 Labour that was rendered jobless in Pakistan amid COVID-19 pandemic found employment in ‘Green Stimulus’ Initiative of Prime Minister Imran Khan. Reuters A nation that destroys its soils destroys itself. Forests are the lungs of our land, purifying the air and giving fresh strength to our people. So said Franklin D. Roosevelt, once. His words could not be truer.
Trees soak up heat-trapping carbon dioxide as they grow and release it when they burn or rot. Overall, better management of nature could avert 11.3 billion tonnes of carbon dioxide emissions a year by 2030, according to a study.
PM eyes sweet success through ‘Billion Tree Honey’
Says opposition sought NRO in writing by proposing massive changes in NAB law
Prime Minister Imran Khan: PHOTO: RP
ISLAMABAD:
Prime Minister Imran Khan on Monday launched “Billion Tree Honey” initiative hoping that marketing of 70,000 metric tons of honey will generate an income between Rs35-43 billion and generate around 87,000 green jobs.
The premier participated in the launching ceremony of the Billion Tree Honey initiative in Islamabad, which is a part of his vision Clean and Green Pakistan.
It aims at promoting tree plantation to support production of honey in the country under the Ten Billion Tree Tsunami Programme (TBTTP).