Finance
Asia Carbon-Free Plans Boost Outlook for ESG Credit Issuance
- China, Japan’s zero-carbon targets need funding to ramp up
- ESG debt sales fell this year due to drop in green finance
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Asia will need all the help it can get next year from more financing for environmental, social and governance projects, after recently setting some of the world’s most ambitious goals to end carbon emissions.
The region is the world’s largest greenhouse gas emitter, making the stakes for ESG bonds and loans all the higher. China pledged in September to go carbon-neutral by 2060. The next month, Japan said it would do so by 2050. The years sound distant, but the scale of the task means funding must ramp up immediately.