Singapore-backed multi-jurisdiction Common Ground Taxonomy to debut at COP29

Quick Summary:

The China-EU taxonomy initiative's co-chair revealed that an expanded version will be launched in November, with hopes to add large economies like Brazil and Indonesia to become "a globally accepted benchmark for taxonomy development”.

But starting from last year, I invited Singapore to join in and it said, yes, let’s do it together,” said Ma, who was speaking to journalists in Hong Kong last Tuesday.“In the future, I can imagine that more countries will join.

The Monetary Authority of Singapore did not confirm this development, though a spokesperson told Eco-Business via email that “there will be some updates on our sustainable finance work during COP”.

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Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets: SingaporeAzerbaijanBrazilChinaHong KongIndonesiaPhilippines

Topics: Climate Regulation Sustainable finance ESG Financing Greenwashing Decarbonisation Transition finance COP29 Reporting International cooperation Climate finance Green bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:23:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 975 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23432320

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