China disqualifies ‘clean coal’ technology from green bond funding

first_imgChina disqualifies ‘clean coal’ technology from green bond funding FacebookTwitterLinkedInEmailPrint分享Environmental Finance:China will axe ‘clean coal’ from its green bond guidelines, in a move that will see its definition of green align more closely with the Climate Bond Standards and the consensus of opinions in the West.Geoffrey Choi, financial services assurance leader for the Asia Pacific region at EY, said at the Asian sustainable green bond market conference in Tokyo, organised by the International Capital Market Association (ICMA) and Japan Securities Dealers Association: “I can share with the conference that, going forward, in the new [green bond] catalogue, the clean utilisation of coal will not be considered green.”The issuance of green bonds for clean coal has been highly controversial and the technology is widely considered, at least by Western investors, to be too emissions- intensive to be green.China’s support for clean coal has in the past been the biggest difference between its definition of green and the opinions of most Western investors.Choi explained that it is a “big step” for China to move towards a likely EU green bond standard, adding that the standards will continue to evolve.“For a lot of the areas that we have debated in the past, China has the determination to converge with the EU standard,” he said.last_img read more

Quadri Leads Team Nigeria to Top Egypt, Great Britain, Others

first_imgITF JUNIOR CIRCUITNigeria’s Barakat Quadri, sunday, recorded one of the most fairy-tale successes in ITF junior tennis by winning the girl’s singles title at the 2016 ITF West/Central Africa 18 & Under Tennis Circuit in Cotonou, Benin Republic.Quadri defeated Carmine Becoude, the third seed from Benin 6-0, 6-2 to emerge the new queen of junior tennis in the region as Nigeria, with two gold medals, emerged overall winners of the tournament which had players from seven African countries as well as India, Great Britain, Poland, Portugal and Malaysia. Qiadri,14, was making her debut at the under 18 level and as such was not seeded as she had no ranking points. However, the year-long training she had at the ITF Development Center in Morocco, duly reflected in her performance at the six-day tournament, as she brushed aside all her opponents which also includes a 6-2, 6-1 triumph over number one seed, Marie Ange Adomon of Cote d’Ivoire in the semifinal.Prior to her win over Adomon, she was ruthless in her 6-0, 6-0 quarterfinal crushing of fellow Nigerian, Angel Mcleod, the fourth seed, to send shivers down the spines of her rivals.Moments after her triumph over McLeod, whom she also defeated in their last competitive meeting at the 2015 MP Tiger Tennis Tournament in Lagos, she paired Toyin Asogba to win the doubles by beating the combination of Becoude and India’s Trisha Vinod 6-4, 7-6.A delirious Quadri dedicated the title to her parents, Amine Ben Makhlouf, who is the Director of the ITF Centre in Morocco and the Nigeria Tennis Federation.Nigeria’s coach Mohammed Ubale was equally elated describing Quadri’s feat as one Nice of the most memorable in Nigeria’s junior tennis in recent years.“This is one of the greatest moment for junior tennis in Nigeria. Barakat was just too good. She played very well against all of her opponents who are older. No doubt she has a very bright future in tennis.”Team Nigeria, made up 15 players – four girls and eleven boys – are scheduled to arrive Lome, Togo later on Sunday in continuation of the circuit which is an ITF Grade 4 tournament.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more