APEC Leaders Push for Climate Bonds, VCM in Asia

Asia-Pacific executives propose new climate measures including climate bonds and VCM

www.abaconline.org

Asia-Pacific business executives called on emerging countries in the region to issue climate bonds indexed to a basket of currencies. This approach aims to mitigate the risk of foreign exchange fluctuation by raising funds for clean energy transition.

The APEC Business Advisory Council (ABAC) also suggested initiating a pilot program to develop a voluntary carbon market (VCM) specifically for the Asia-Pacific region.

Asia-Pacific executives propose new climate measures including climate bonds and VCM

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