Pollination’s Post

Green finance presents Hong Kong with a golden opportunity to lead Asia’s net-zero mission. This insightful article from Finextra discusses how Hong Kong's robust financial infrastructure positions it perfectly to drive sustainable growth and support global climate goals. By leveraging green finance, Hong Kong can pave the way for innovative financial solutions that contribute to a greener, more sustainable future for Asia and beyond. Read the full article to learn more about Hong Kong’s strategic role in the net-zero mission: Green Finance is Hong Kong's Golden Opportunity to Lead Asia's Net-Zero Mission. #GreenFinance #Sustainability #NetZero #ClimateAction #HongKong #Zero13 #SustainableGrowth GMEX Group Hirander Misra

🌱 Hong Kong: Leading Asia's Green Revolution Harnessing its financial prowess and tech innovation, Hong Kong is at the forefront of Asia's #green transformation. As China's international technology hub, the city drives collaboration between green tech and green finance, paving the way for a #sustainable future. Hong Kong's trailblazing initiatives in green finance, like tokenised green bonds, and its thriving green tech ecosystem demonstrate its proactive leadership in green and sustainable finance. As Mainland China's offshore capital hub, the city attracts global investments and plays a pivotal role in the transition to a low-carbon economy. Read more: https://bit.ly/3V2vKpF #FintechHK #fintech #HK #hongkong #China #Asia #greentech #greenfinance #sustainability

Breaking: Greenpeace East Asia, in collaboration with CarbonCare InnoLab (CCIL), just released a new study “Evaluation of Hong Kong's Green Finance Policies” that reveals 3 loopholes where Hong Kong trails behind its financial hub counterparts, Singapore and Tokyo. In particular, the lack of regulations on greenwashing is a major shortcoming that may worry investors, distort market signals, and undermine sustainable development goals upheld by the industry, posing a significant concern for policymakers and the public alike. These loopholes may hinder Hong Kong's ability to become Asia's leading green finance hub. 🔍Hong Kong’s 3 main green finance loopholes are: ❌No high-level strategic plan ❌No restrictions on direct financing for fossil fuels ❌ No regulations targeting greenwashing The study calls for urgent government action to devise a strategic timeline and roadmap aligned with the Paris Agreement's goal of capping the global temperature rise at 1.5°C. Additionally, it highlights the need for stringent measures to prevent greenwashing, thus enhancing Hong Kong's integrity in the global green finance market. Achieving this will not only align Hong Kong with international standards but also ensure a resilient, sustainable future for its finance sector. 💼 Read the Full Report below👇🏻 #GreenFinance #SustainableDevelopment #HongKong #Greenwashing #ClimateAction #ESG

Nature and Biodiversity financing, tomorrow at the annual conference of the Singapore Green Finance Centre at SMU with the World Bank!! Nature finance plays a critical role in supporting nature and biodiversity by mobilising funds from both public and private sectors. Increasingly, governments, organisations, and financial institutions are recognising the need to account for nature in their strategies and capital allocation decisions. What roles can public and private investors play in nature financing? What are the challenges and opportunities faced by the financial sector today? With Muthukumara Mani, Caroline Flammer Riccardo Boffo Pernille Holtedahl Nikki Kemp Hao Liang and many others !! Full Agenda here: https://lnkd.in/e2u8sEEU Nature Finance Conference 2023 | Singapore Green Finance Centre #biodiversity #nature #finance

"The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) and the Hong Kong University of Science and Technology (HKUST) today launched two greenhouse gas emissions calculation and estimation tools (GHG emissions tools) to facilitate sustainability reporting by corporates and financial institutions in Hong Kong" This is such a milestone that would be definitely beneficial. Strategic decision and sustainability reporting heavily rely on high quality ESG data. #ESG #sustainabilityreporting #sustainablefinance #hongkong #sfc #hkma #hkust

As an offshoot of green finance, blue finance, an emerging financial area to raise funds for ocean-friendly projects, is gaining increasing interest from global investors. During the Hong Kong Green Week – Finance Stream this year, panellists shared insights on this evolving area that aims to benefit both developed and developing countries by maintaining the world’s waterways and oceans. They also discussed the global market potential of blue finance and the critical role of contributions from both public and private sectors. Oceans and waters are critical for human survival and economic activity. Blue finance — encompassing blue bonds and blue loans exclusively for ocean protection projects like water management, offshore renewable energy, and marine ecosystem restoration — has emerged as an innovative way to support these crucial initiatives. Even though it is a nascent area, blue bonds and blue loans are not new to Hong Kong. For instance, the People's Government of Hainan Province has issued blue bonds in Hong Kong consecutively in 2022 and 2023. Learn more about the HKMA’s sustainable finance initiatives: https://lnkd.in/gCwUZKkq #HKGreenWeek #Sustainability #BlueFinance

China’s $26 Trillion Green Investment Journey: Driving Low-Carbon Innovation with $6 Trillion Investment, Groundbreaking Financial Mechanisms, and Global Partnerships #china #greeninvestment #inovation #lowcarbon #business #economy https://lnkd.in/dvzNU_fH

The FOHK ecosystem embodies a broad vision with a deep focus on green technology.