Climate Change
Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





Asian Infrastructure Investment Bank to Fully Align with Goals of Paris Agreement by 2023

30th October 2021 | Hong Kong

Asian Infrastructure Investment Bank (AIIB), a multilateral development bank backed by China, will align operations with the goals of Paris Agreement by 1st of July 2021.  The Paris Agreement sets out a global framework to avoid dangerous climate change by limiting global warming to well below 2°C and pursuing efforts to limit it to 1.5°C.  Asian Infrastructure Investment Bank (AIIB) currently estimates its cumulative climate finance approvals to be $50 billion by 2030, a 4-fold increase in annual climate finance commitments since AIIB started publicly reporting the number in 2019.

” AIIB to Fully Align with Goals of Paris Agreement by 2023 “

 



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


AIIB President and Chair of the Board of Directors, Jin Liqun:

“We are at a defining moment in history—one which calls for bold, fast and wide-ranging collective action if we are to limit global warming and protect our fragile planet.  Today’s announcement reinforces AIIB’s long-standing pledge to support climate action in line with the Paris Agreement.

We think the way forward needs greater participation by the private sector on all fronts, so that we can collectively deliver on the promise of building an inclusive, equitable and sustainable future.”

 

The Paris Alignment Commitment, AIIB

Climate Change 3
Climate Change

The Paris Alignment commitment would apply to sovereign and non-sovereign projects, including investments made via financial intermediaries.  AIIB is currently testing a rigorous process to ensure projects meet low-carbon and climate-resilient standards consistent with the Paris accord. The approach draws on the international standards and frameworks currently being developed in collaboration with other multilateral development banks.

In the lead-up to COP26 in November, more than 130 countries have set or are considering a net-zero carbon emissions target by 2050. However, the current level of ambition set out in these plans is, in aggregate, still far too low for the international community to meet the temperature goal of the Paris Agreement to limit global warming to well below 2 degrees Celsius, preferably to 1.5 degrees, compared to pre-industrial levels. AIIB sees leveraging emerging technologies as key to raising climate ambition.

In 2020, AIIB launched the AIIB-Amundi Climate Change Investment Framework, the objective of which is to hasten the transition to a low-carbon economy through the capital markets. The framework allows investors to analyze climate risks with investment opportunities by translating the three objectives of the Paris Agreement (mitigation, resilience to physical change and transition to green economy) into quantifiable investment metrics by aligning financial flows with a low-carbon, climate-resilient pathway.

 

Related:

 


About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 104 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous articleUnited States SEC Reaches $38.8 Million Fraud Settlement of SPAC Music Streaming Company
Next articleHurun China Rich List 2021: 1185 Billionaires in China, Rabbits are Best Performers
Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia