International Institute of Green Finance (IIGF)

🌍 Experts from IIGF, CUFE Invited to Attend the Fourth CAREC Institute Annual Research Conference On August 29-30, the Central Asia Regional Economic Cooperation Institute (CAREC Institute) successfully held its Fourth Annual Research Conference in Almaty, Kazakhstan, gathering over 70 distinguished experts and scholars from research institutions, government bodies, development partners, and industry organizations. Under the theme "Green, Innovative, and Inclusive Development for the CAREC Region," the conference delved into key areas such as #energy transitions, #green initiatives, and trade connectivity, paving the way for #inclusive growth. 📚 The conference featured six thematic parallel sessions that addressed critical topics including energy transitions, trade connectivity, green initiatives, and inclusive development. On the second day, the CAREC Institute showcased its flagship knowledge products, providing valuable policy recommendations to support CAREC member countries. In addition, Professor Zhang Xiaotong from the China and Central Asia Studies Center at KIMEP University delivered a lecture titled “The Geography of Prosperity in the CAREC Region." Dr. Bingcai Liu, Research Fellow at the Green BRI Research Center of IIGF, and Daria Gerasimenko, Assistant Researcher at IIGF, were invited to participate in the discussions. 📌 During the "Green Innovation, Climate, and Environment" parallel forum, Dr. Liu Bingcai presented a research paper titled “Evaluation of the Co-benefits and Trade-offs of Solar+ Projects and Their Prospects for Application in the CAREC Region“. Dr. Liu highlighted the potential of Solar+ projects in meeting renewable energy targets, enhancing agricultural and livestock production, and achieving both economic and environmental goals. He emphasized their strategic role in promoting sustainable development in the CAREC region. 🌱 This event strengthens collaboration between IIGF and the CAREC Institute. Together, we aim to enhance knowledge exchange in areas such as transition finance, green finance, and sustainable practices, working toward achieving net-zero emissions and promoting sustainable development in the CAREC region. We look forward to continued partnerships and future initiatives that will shape a greener, more inclusive future! 🔗 To learn more, please visit the following link: https://lnkd.in/eSDh5_G7  #GreenDevelopment #SustainableFuture #Innovation #CARECRegion #GreenFinance #SolarEnergy #Partnerships

🌍 August Newsletter Highlights 🌍 🍁 As we step into the beautiful season of #autumn, let's reflect on the significant green finance developments that took place in #August. This month, the Central Committee of the Chinese Communist Party and the State Council released the groundbreaking document, "Opinions on Accelerating the Comprehensive Green Transition of Economic and Social Development." This marks China's first national-level, systematic plan for a comprehensive green transition across various sectors, including regional development, industry, energy, and transportation. Additionally, the Shenzhen Stock Exchange introduced new Hydrogen Energy, Green Agriculture, and Grazing Indices, while China's Development Bank (CDB) issued 12 billion yuan ($1.7 billion) in three-year #green bonds at a 1.63% interest rate, attracting significant interest from both domestic and international investors. The People’s Bank of China (PBoC) also announced the extension of its green lending scheme under the Carbon Emissions Reduction Facility (Cerf) until at least 2027 to accelerate decarbonization efforts. Key events in August included a press conference on promoting high-quality development held by the State Council Information Office, and the launch of the Shanghai local standard for green financial leasing—"Green Financial Leasing Project Identification Rules"—alongside the debut of the "Shanghai Green Financial Service Platform-Green Leasing Edition." 🌍 On the global stage, Natural England established a new £99,000 fund to assist Wiltshire farmers in preparing for green finance by developing nature-based projects. Meanwhile, the World Bank issued a $225 million Amazon Reforestation-Linked Outcome Bond, the largest of its kind to date. In another significant move, DBS approved a 500 million yuan green loan for Envision Energy to develop a 100-megawatt wind farm in Henan, China. 🔊 Don't miss out on our latest article exploring the potential applications of #AI in #transition finance! Access our newsletter through the link: https://lnkd.in/exyXuFMP 💡 Stay informed by subscribing to our Newsletter for the latest developments in green finance in China and around the world! #GreenFinance #SustainableDevelopment #TransitionFinance #Newsletter #Decarbonization 🌱💼

📚 New Opinion Paper: Harnessing AI in Transition Finance: A Critical Pathway to Mitigating Rising CO2 Emissions The integration of #AI technology in the #financial and #energy sectors is gaining momentum globally, presenting a promising avenue for enhancing transition finance. This synergy between AI and transition finance holds the potential to significantly influence both the energy transition process and the development of transition finance strategies. 🌍 AI is playing a key role in #decarbonization and #ESG reporting, offering critical data on carbon liabilities and helping industries embrace sustainable practices. Reports from PwC and Microsoft suggest AI could reduce carbon intensity by 8% by 2030, aiding climate efforts. The AI market in energy is expected to reach USD 13 billion, with the renewable energy AI market projected to exceed USD 114.87 billion by 2032, growing at a 27.70% CAGR. This article, written by Daria Gerasimenko, Assistant Researcher at the International Cooperation Department, delves into the crucial role of AI in advancing transition finance to tackle rising global CO₂ emissions. It explores how AI can enhance risk assessment, optimize investment strategies, and improve efficiency in carbon-intensive industries. The paper also addresses the challenges of AI’s energy consumption and emphasizes the need for collaboration among diverse stakeholders to drive the global transition to a low-carbon economy. The paper has been translated into Chinese by Sichen Liu, Assistant Researcher at the International Cooperation Department, IIGF, CUFE. 🔗 Discover more insightful articles on our official website: https://lnkd.in/gv4ft9Gj #AI #TransitionFinance #Sustainability #ClimateChange #RenewableEnergy #Decarbonization #GreenFinance

🌿 July Newsletter Update 🌿 Dive into our July edition as we reflect on the significant green finance advancements that shaped #July, both in China and globally. China has recently introduced several groundbreaking green finance tools. In Shenzhen, "carbon reduction loans" have been launched, marking a significant step in #carbon management. Additionally, the country's first "Clear Waters and Green Mountains - Zero Carbon Rural Comprehensive Insurance" was launched in Anji, Zhejiang. July witnessed the completion of China's largest green certificate transaction and the announcement of the 'Green Technology Promotion Directory (2024 Edition)' by eight departments to expedite the adoption of advanced #green technologies. July saw a series of notable green finance events. The State Council Information Office held a press conference on "Promoting High-Quality Development," emphasizing the advancement of green and low-carbon initiatives within the #industrial sector. The Green Development Forum for Shanghai Cooperation Organization (SCO) countries took place in Qingdao, while a seminar for "Like-Minded Developing Countries", organized by the Ministry of Ecology and Environment and the Third World Network, was held in Yantai, Shandong Province. Additionally, the BASIC Ministerial Meeting on Climate Change was convened in Wuhan, Hubei. These events collectively highlighted the strong commitment to #sustainable and green development across diverse sectors. 🌍 Global green finance saw major developments with Azerbaijan launching a $500 million Climate Fund, the EBRD extending a €3.5 million loan to support energy efficiency in North Macedonia, and the EIB committing a record €2.7 billion to climate adaptation projects in 2023. These developments collectively underscore a growing global momentum towards addressing climate challenges and advancing green finance solutions. 📚 And as always, be sure to explore our recommended reading, which provides a deep dive into the qualitative research conducted by IIGF in the field of green finance.   Access our newsletter through the link: https://lnkd.in/eaeqAnE4 💡 Stay informed and inspired with the latest trends and updates with IIGF! #Newsletter #Sustainabledevelopment #Greenfinance #Collaboration #IIGF

🌍 Pioneering Sustainable Finance at Bank Islam! 🌍 Bank Islam is thrilled to announce a groundbreaking step towards sustainability! Our leaders have just returned from the Sustainable Finance Transformation workshop, hosted by the Asian Banking School (ABS) and the International Institute of Green Finance (IIGF). They immersed themselves in cutting-edge green finance practices from global experts, particularly focusing on China's advancements in sustainability. This experience equips us to bring these innovative practices home, reinforcing our commitment to the principles of Islamic finance, which emphasize ethical investments and social responsibility. As Prophet Muhammad (PBUH) said, “Whoever plants a tree and diligently looks after it until it matures and bears fruit is rewarded” (Musnad Ahmad). This teaching inspires us to nurture and grow our sustainable initiatives for the benefit of all. We’re not just learning; we’re leading. Our goal is to implement these best practices, creating a sustainable and ethically responsible financial ecosystem. We’re building a future where our actions today ensure a better world for tomorrow. 🚀 Join us on our journey to a greener, more sustainable future! #InnovateWithBankIslam #SustainabilityInAction #EthicalFinance #FutureForward #GoBeyondAtBankIslam #WeBuildLivesNotJustCareers

Thank you, Bank Islam Malaysia Berhad, for trusting us to develop and deliver this in-house customised programme for you! Thank you, Central University of Finance and Economics (CUFE) and International Institute of Green Finance (IIGF) for collaborating with us on this programme! From 15-18 July, 21 staff members of the Bank were at CUFE in Beijing, China for the Bank Islam Sustainable Finance Transformation programme to gain a deep understanding of the global green finance policies, and it’s influences on China’s green finance system for the financial sector. They explored areas of Sustainable Finance by examining the development and trends of Green Finance, Transition Finance, Biodiversity Finance and Green Inclusive Finance. #sustainability #bankislam #abs #greenfinance #LifelongLearning #banking

✨June Newsletter is here✨ Time flies, and it's already the second month of #summer! Make sure to stay updated on important developments in the field of #greenfinance from June by checking out our monthly #newsletter!   In China, significant policy updates have occurred recently. These include Beijing's Sub City-Center's "Three-Year Action Plan (2023-2025) for Landscaping and Greening to Tackle Climate Change," along with a new mandatory national standard for packaging in express delivery services. Additionally, Agricultural Bank of China's Shanghai Branch has established a Green Finance Center, reflecting a commitment to advancing sustainable financial initiatives, while Guangxi has allocated 261 million Yuan to support ecological protection and restoration efforts. In June, there was a significant surge in #international dialogues on green development involving China, Singapore, and the EU. Through bilateral talks and global conferences, these countries demonstrated their commitment to collaborating on a sustainable future, while also forging ahead with the development of innovative green financial tools. #Globally, BBVA Colombia and IFC launched the world’s inaugural #biodiversity bond. Meanwhile, the Central Bank of Sri Lanka collaborated with the International Finance Corporation (IFC) to bolster its sustainable finance strategy through financial and technical support. Australia's Treasury department introduced its Sustainable Finance Roadmap, aimed at reshaping financial markets to facilitate a shift towards a net-zero economy. Additionally, IFC extended a $150 million financing package to SeABank in Vietnam, marking the country's first #bluebond and the first green bond issued by a private commercial bank. 📚 Don't miss our recommended paper to explore transition finance initiatives, aligned with the recently released Transformation Map on Transition Finance by IIGF and WEF. Access our newsletter through the link: https://lnkd.in/eH_5nxsP 💡Stay informed and subscribe to our newsletter. As knowledge is a pivotal tool for fostering development! #Greenfinance #Sustainabledevelopment #Greenbond #IIGF #monthlynewsletter #greendevelopment

🌍🌱IIGF and WEF Jointly Release Transition Finance Transformation Map   At the World Economic Forum's Annual Meeting of the New Champions in Dalian (#AMNC24), the International Institute of Green Finance (IIGF) at Central University of Finance and Economics, in collaboration with the World Economic Forum (WEF), unveiled the Transition Finance Transformation Map.   The map is divided into nine key subdimensions: ✅ Net-zero policies ✅ Sustainable finance taxonomies ✅ Sectorial Transition Pathways ✅ Transition Planning ✅ Transition Finance Instruments ✅ Reducing Green Premiums ✅ Disclosure, Measurement, Reporting and Verification (MRV) ✅ Just Transition ✅ Carbon Markets.   📊💡The map summarizes key factors influencing transition financing, providing insights into financial tools, reporting mechanisms, and policy solutions essential for scaling up transition finance. It aims to guide policymakers, investors, financial institutions, and businesses in translating ambitious climate goals into tangible outcomes through strategic capital deployment.   Professor Wang Yao, Director-General of IIGF, CUFE, presented and introduced the Transition Finance Transformation Map during the event, highlighting transition finance's role in efficiently allocating resources, reducing risks, and managing costs associated with achieving net-zero emissions.   Moving forward, IIGF will continue its research and collaboration to advance global green and low-carbon development initiatives. 🌱💼 🔗 You can experience the transformation map on transition finance by following this link: https://lnkd.in/eEHXEzi7 🔗 Stay updated with the latest news from IIGF: https://lnkd.in/e2jAifyY #TransitionFinance #ClimateAction #SustainableFinance #NetZero #GreenEconomy

🌍 Launch of Sustainable Finance Public Learning Program in Edinburgh🌿   The 2024 Sustainable Finance Public Learning Program kicked off on June 24 in Edinburgh, UK, marking a significant step towards enhancing global knowledge exchange in sustainable finance. Jointly organized by the International Institute of Green Finance at Central University of Finance Rainforest Foundation Norway, University of Edinburgh Business School, and Future Horizons, this initiative aims to bridge international expertise with Chinese institutions' pursuit of sustainable finance practices.   📚 The program focuses on sharing cutting-edge concepts and practical experiences from Europe in areas such as ESG investment and biodiversity conservation. Led by 11 experts and scholars from the University of Edinburgh Business School, alongside professionals from firms like Robeco, EY denkstatt, and NN Group, the first day featured deep discussions on critical topics including nature and biodiversity, climate-related financial risks, and sustainable finance case studies.   The course delves into advanced topics such as regulatory frameworks, Scope 3 emissions, and managing financial risks associated with natural factors in industries like #agriculture and #mining. These discussions are set to provide invaluable insights that can propel sustainable development in China's financial sector.   This initiative not only fosters collaboration among diverse institutions in sustainable finance but also serves as a catalyst for practical exchanges, particularly in biodiversity conservation. It underscores the ongoing effort to harmonize human endeavors with the natural environment, essential for a sustainable future.   #SustainableFinance #ESGInvestment #BiodiversityConservation #GlobalKnowledgeExchange

🌍 Strengthening Regional Collaboration in Green Finance: CAREC Institute Visits IIGF 🌿 On June 14th, Dr. Hans Holzhacker, Chief Economist of the Central Asia Regional Economic Cooperation (CAREC) Institute, and his colleague Mr. Hu Xiao visited the International Institute of Green Finance (IIGF) at Central University of Finance and Economics (CUFE). Chaired by Dr. Shi Lin, Deputy Director of the International Cooperation Department, the session was attended by Ms. Han Jianing, Director of the Education Center, and other colleagues from IIGF. Dr. Shi Lin provided insights into IIGF’s pioneering initiatives in global green finance, energy #transition, and #gender finance, among others. She emphasized the Green Belt and Road team's research in Africa and Southeast Asia, with plans to expand the research focus to include CAREC countries. Ms. Han Jianing outlined IIGF's knowledge platform development, including courses in green finance, #climate finance, #ESG, and transition finance. Dr. Hans Holzhacker shared CAREC Institute’s robust research in international trade, #agriculture, and #energy, highlighting challenges in advancing green finance, gender equality measures, and capacity building. He expressed enthusiasm for future collaborations with IIGF to delve deeper into sustainable development challenges and explore diverse pathways for regional economic transformation. At IIGF, we are committed to advancing global efforts in green finance and sustainable development. Our collaboration with institutions like CAREC fosters our efforts to achieve our shared goals of promoting resilience and sustainability across regions. For more information, please visit our official website: https://lnkd.in/e8CCJPbA #GreenFinance #SustainableDevelopment #CAREC #IIGF #Collaboration #ClimateAction #GlobalPartnerships