IFC and the Hong Kong Monetary Authority will bring together financial and research institutions as well as technology providers to develop, build and boost the capacity for green finance

The UK and Malaysia share the common goal of tackling climate change and have agreed to share best practices and approaches for climate action

A new report suggests Western Europe continues to lead the world in terms of green finance

A record 79 new measures were announced or implemented in 2019

Under the new rules, one of the environmental objectives that should be considered is climate change mitigation and adaptation

The Green Credit Continuum programme aims to contribute to the deployment of new financing required to meet the commitments made under the Paris climate change agreement.

It will back projects that develop innovative green mortgages and other lending products, targeting consumers who would not get support under government schemes

They will provide the financial and private sectors with the latest research, data, guidance and tools from leading experts and institutions to help green their operations

It is part of the banking giant’s global commitment to provide $100bn in sustainable financing and investment by 2025

It will be located in Shanghai Lujiazui Financial City, which will work with other cities in the region to promote the development of sustainable and green finance