Humanity has been operating out of balance with natural resources for far too long, placing economic growth ahead of environmental and social costs. Individuals, corporates and governments are starting to recognise that we need to act responsibly to support positive change. The UN’s 17 Sustainable Development Goals (SDGs) have given us a measurement framework to pivot towards a more balanced future, respectful of Environment, Society and Governance (ESG).
As countries develop their strategies in line with their commitments to the Paris Agreement, the financial world is moving more and more towards sustainable finance. Sustainable finance generally refers to the process of integrating ESG considerations when making investment decisions. In Singapore, the Monetary Authority of Singapore (MAS) is taking active steps to promote sustainable financing and recently announced the placement of US$2 billion of its funds with asset managers who are committed to deepening green finance activities out of Singapore. In Switzerland, Geneva is a global hub for innovative sustainability focused organisations, e.g. Sustainable Finance Geneva, which aims to accelerate the growth of sustainable finance by engaging in dialogue with the world’s leading financial centres.
Carbon credits and carbon markets have an important role to play in the battle against climate change. They enable companies to support decarbonization beyond their own carbon footprint, as well as helping finance projects for removal of carbon dioxide from the atmosphere, which will be needed to neutralize residual emissions that will persist even under the most optimistic scenarios for decarbonization. Voluntary carbon markets are extremely dynamic in their evolution. However, these markets have numerous challenges to overcome, largely revolving around transparency and credibility.
How can carbon markets help in the transition towards a low-carbon economy? What are the main hurdles to the broader adoption of carbon markets around the globe? Join us with our speakers to understand how AI technologies and innovation can help improving transparency and building trust in global carbon markets for inclusive and diverse participation, in particular taking advantage of the power of capital markets to drive ESG for the planet.