The Sustainable Finance Common Ground Taxonomy (updated version, hereinafter referred to as the CGT) was officially launched by the International Platform on Sustainable Finance (IPSF) on June 3, 2022. This revised version of CGT incorporates market feedbacks gathered during the open consultation between November 4, 2021 and January 14, 2022, and adds 17 economic activities on manufacturing and construction sectors that have been reviewed by experts from China and Europe. The CGT is a comparison of the China Green Bond Endorsed Project Catalogue and EU taxonomy. Moreover, it also paves the way for financial institutions and enterprises in EU and China to make cross-border investment or green bonds issuance.
China at COP27
The 27th Conference of the Parties was held from November 6 – 20 in Sharm el-Sheikh, Egypt. China supported the inclusion of loss and damage on the conference’s agenda culminating in the establishment of an historic loss and damage fund.
November 21, 2022