Businesses say the biggest obstacle to reducing emissions and transforming production models remains the lack of financial resources needed to upgrade technologies, modernise production lines and build governance systems that comply with global sustainability standards.
The market is expected to spur investment in emissions reduction projects, expand access to green finance and help businesses improve competitiveness, strengthen brand value and comply with increasingly stringent environmental, social and governance (ESG) standards.
Clear regulations, bankable projects, the pooling of concessional and commercial capital, and climate capacity are four keys that can unlock the climate finance market, a forum heard in Ho Chi Minh City on September 19.
