Southeast Asia weighs benchmarks for US$3 trillion green financing

The Association of Southeast Asian Nations is seeking to establish a framework for green investments in the region that could be worth as much as US$3 trillion.

The countries set up the Asean Taxonomy board this week, which will develop and maintain a set of categories and definitions to guide its members on sustainable economic activities, according to a statement on Tuesday. The region is joining Europe in devising benchmarks for green investments to meet the targets of the Paris Agreement.

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