Asia-Pacific business leaders propose climate bonds and a voluntary carbon market for clean energy financing at APEC's November summit in Lima, Peru.

Asia-Pacific business leaders from APEC propose climate bonds indexed to a basket of currencies to finance clean energy transitions, reducing foreign exchange risk and developing a voluntary carbon market (VCM) to create an interoperable carbon credit network. The proposals, set to be presented at APEC's leaders' summit in Lima, Peru, in November, emphasize the need for private and public sectors to collaborate in financing the costs of energy transition.

August 05, 2024
16 Articles