India’s emissions are the third-largest globally (although much lower in per capita terms), and its government is taking comprehensive action to reach its goal of net zero by 2070. However, rather than defining plans to harness international carbon finance, India’s Energy Conservation (Amendment) Bill focuses on developing a domestic carbon market. There is a logic to this approach, but certain design features pose risks to effective decarbonisation in India.
Norway’s sovereign fund still behind on climate By Håvard Halland and Marcin Kacperczyk While NBIM is taking ambitious steps on climate, the Ministry of Finance’s conservative approach is holding Norway’s sovereign fund back.
MEETINGS Sustainable finance in Africa Thursday 19 January, Roundtable This roundtable, with deputy governors from both the Central Bank of Kenya and Bank of Mauritius, discusses ESG policies that incentivise the development and transparency of sustainable financial markets across Africa.
ON DEMAND OMFIF outlook: what’s in store for 2023? OMFIF Economist Taylor Pearce and Chief Economist Neil Williams delve into what to look out for in the year ahead in this lightning round podcast.
LATEST REPORT SPI Journal, Winter 2023 This edition of the SPI journal examines the growth of carbon markets and the use of carbon-linked bonds to drive capital for renewable energy investment.
