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Biggest Polluters Need a Rulebook to Unlock Cash for Change (1)

June 11, 2021, 3:02 AM

A new type of financing that allows borrowers to shift toward less dependence on fossil fuels has been hampered by a lack of clear labeling and definitions.

Expansion of transition finance that specifies the use of proceeds “has been impeded by a lack of clear market standards on what constitutes a transition asset,” said Atul Jhavar, head of sustainable capital markets for the Asia-Pacific region at Barclays Bank Plc.

After explosive growth in environmental, social and governance bonds and loans in the last couple of years, many market players saw 2021 as when transition debt would really take off. ...

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