Author Archive: Christina Ng

Research & Stakeholder Engagement Leader, Debt Markets, Christina Ng has 20 years of experience in financial reporting covering a broad range of financial instruments, transactions and industries, and is a former national standard-setter for Australia and Hong Kong. She is also an independent consultant.

IEEFA: Accepting gas as unsustainable will bolster China’s position on green energy finance

As some green taxonomies compromise on gas, China’s own exclusion of fossil fuel electricity projects sends the right market signal

As the urgency for climate action intensifies, momentum is building to support climate-friendly energy investments. But given widespread claims of environmental sustainability, how do we ensure that green-branded businesses and products are true to label and deserving of green energy finance? This is where green taxonomies, if designed properly, can play an important role. What […]

January 5, 2022 Read More →

IEEFA: EU considers bowing out of gold standard taxonomy – leaving room for China to take the lead

China’s taxonomy rejects LNG, gas and coal

It appears the EU is no longer going for gold. The executive vice president of the European Commission, Frans Timmermans, has signalled that after months of debate, the bloc is considering a role for ‘natural’ gas in the EU green taxonomy. This is despite the UN-backed Net-zero Asset Owner Alliance representing around EUR 9 trillion warning […]

November 15, 2021 Read More →

IEEFA: Accepting gas as sustainable will hurt South Korea’s green finance credentials

Regressing on what was a promising green taxonomy sends weak market signals to investors and loses competitive edge

After six months of resisting industry calls to add liquefied natural gas (LNG) to its green taxonomy, the South Korean government last week finally succumbed to gas lobbyists. This is surprising as, only 2 weeks ago, President Moon Jae-in made a well-received, new emissions pledge—cutting the country’s greenhouse gas emissions to 40% by 2030. The […]

November 4, 2021 Read More →

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

Accommodating the gas sector risks diluting standards and discouraging new pools of green capital

21 September 2021 (IEEFA Asia): Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG […]

and September 21, 2021 Read More →

IEEFA: Chinese regulators urged to tighten rules for carbon neutral bonds

Bond proceeds going to coal-dominated state-owned enterprises – ESG investors beware

1 June 2021 (IEEFA): China’s carbon neutral bonds fail to restrict the use of funds to green projects and are adding to the working capital of coal-dominated state-owned enterprises (SOEs), according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) which calls for deeper reforms to green finance standards […]

IEEFA: High credit ratings of China’s state-owned enterprise underplays risk

Energy giant CHG's coal power business faces numerous challenges

China Huaneng Group Co. Ltd (CHG) is one of the biggest coal power businesses in the world with over 100 gigawatts (GW) of coal-fired power capacity. Like many of its Chinese peers, CHG is also cash hungry. The company has been actively raising new debt including a USD 500 million perpetual bond in December 2020 […]

February 1, 2021 Read More →

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors

22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]

and December 22, 2020 Read More →

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]

Funding of new overseas coal projects is a red flag for sustainable investors

성공적이라는 한전의 ‘그린본드,’ 정작 글로벌 ESG 투자자들에게는 외면 ‘해외 석탄 투자와 병행된 ‘그린본드’, 신뢰하기 힘들어’ 지난 6월 ESG 경영을 위해 한국전력이 발행한 글로벌 그린본드가 정작 지속가능한 투자를 중시하는 세계 주요 ESG 투자자의 신뢰를 얻는데 실패한 것으로 드러났다. 11월 23일(월), 에너지 및 환경 관련 금융 이슈를 분석하는 미국 에너지경제∙재무분석연구소(IEEFA)는 ‘한전 그린본드, ESG 시장 기대에 못 미치다’라는 […]

and November 26, 2020 Read More →

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

Funding of new overseas coal projects is a red flag for sustainable investors

24 November 2020 (IEEFA South Korea): Korea Electric Power Corporation’s (KEPCO’s) recent green bond failed to attract leading sustainable investors, despite being 10 times oversubscribed, according to new research by the Institute for Energy Economics and Financial Analysis (IEEFA). The South Korean state-owned utility’s June 2020 green bond raised US$500 million from international financial investors. […]

and November 24, 2020 Read More →