China is – and will remain as – the star of green finance in Asia
The Asia-Pacific region is responsible for as much as 52% of total global emissions. In other words, Asia’s emissions are outsized relative to its economic share. In the same vein, while the region has been proactively cutting emissions as in the massive energy transition investment activities (especially in China), they are underfunded since only roughly 30% are financed by capital markets, the bulk of which happens in China. In this note, we analyze the landscape and outlook of green finance in Asia.Asia’s green finance is dominated by China, contributing to 60% of Asia’s green finance, or $...