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Energy transition

Climate change is already affecting economic activity in both emerging and advanced economies, say the banks.
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The central bank is separately seeking feedback on provisional criteria for coal phase-outs under its incoming taxonomy.
The inauguaral issuance is expected between October 2023 and March 2024.
The taxonomy's multi-tier model is designed to respond to regional diversity.
The region is home to carbon-intensive economies and vulnerable to climate-related risks.
The latest developments in ESG-related funds: Impax AM and BNRG launch solar project; Essex Pension Fund partners with UBS on sustainable transition fund.
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Dedicated 'go to' areas for renewable energy assets could spark debate on wildlife protections and community building.
The Responsible Minerals Initiative has separately revised its due diligence framework.

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