NewDelhi: Creating sustainable finance hubs will contribute to APAC governments’ broader climate policies and commitments, according to Moody’s recent sector in-depth report titled ‘Sustainable Finance – Asia-Pacific: Focus on sustainable finance to provide credit benefits for regional hubs’.
It added that most major economies in the region have announced or have proposed country-level net-zero targets, while Japan and Korea have already enshrined these into law. Government efforts to establish transparent and internationally aligned climate and sustainable finance policies, provide grant schemes, and actively participate in sustainable debt issuance are key to the long-term development of a sustainable finance hub, said the report.
