ECONOMICS (CBSE/UGC NET)

ECONOMICS

FINANCIAL MARKETS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
what is the initiative taken by asean to incorporate islamic finance and ecosystem
A
increase the number of ibf
B
green bond
C
promote awareness
D
None of the above
Explanation: 

Detailed explanation-1: -ASEAN Green Bond Standards The ASEAN Green Bonds Standards is an initiative that facilitates ASEAN capital markets in tapping green finance to support sustainable regional growth and meet investor interest for green investments and is part of the ACMF’s broader efforts in developing green finance for the region.

Detailed explanation-2: -It refers primarily to public finance, or where developed countries provide financing through a variety of sources, that promotes multilateral efforts to combat climate change. Green finance is a wider term that encompasses all financial flows that support sustainable environmental objectives.

Detailed explanation-3: -Green bonds’ sustainable objectives also set them apart. They finance projects that help reduce the effects of climate change or protect the environment. They fall under the category of ESG (environmental, social and governance) and can benefit investors by offsetting emissions in proportion to their outlay.

Detailed explanation-4: -This information is often presented using the four core components of the Green Bond Principles: (i) use of proceeds, (ii) selection of projects and assets, (iii) management of proceeds, and (iv) reporting and external review.

There is 1 question to complete.