The Association of Southeast Asian Nations has updated its taxonomy for sustainable finance, putting a strong focus on the phasing out of coal-powered plants. This would help its 10 member countries attract greater capital flow to facilitate the transition to a low-carbon economy and create a common language for sustainable finance across the region. This virtual roundtable explores the latest update to the sustainable finance taxonomy and delves into its unique features the taxonomy’s application, and comparability and interoperability with other frameworks the urgency of scaling up transition finance and the sustainability ambitions of Southeast Asia.
Speaker:
Kelvin Lester Lee, Commissioner, Securities and Exchange Commission, Philippines
Recorded on 13 June 2023.