Regulators in various countries support through policies that encourage financing in the ESG sector
Ratify The Taxonomy Regulation (TR) as the legal basis for EU Taxonomy.
The regulation stipulates the mitigation/adaptation sector, which includes: agriculture (forestry and fisheries), manufacturing, electricity (gas and geothermal), water, waste management, transportation, IT, and construction.
A total of EUR 1 Trillion will be invested for green transformation in 27 EU member states
China
In November 2021, the People's Bank of China (PBoC) launched a loan interest reduction facility for industries that
implement carbon emission reductions. 2
This program is targeted to accommodate 60% of total loans from financial institutions for industries that can reduce carbon emissions for a year at a rate of 1.75%.
Indonesia
The Financial Services Authority issued POJK No. 51/2017 regarding the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies. 3
OJK is also actively involved in the formulation of the ASEAN Taxonomy document with other ASEAN countries in the Asean Taxonomy Board forum related to Sustainable Finance.
In January 2022, OJK together with relevant ministries launched the Indonesian Green Taxonomy Document
1.0 as a guideline for policy making to provide incentives in the green economy.
|•SOURCE•| Articles :BANKING | Image :HARTENERGY |
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