CINXE.COM

<!doctype html> <html class="no-js" lang="en-US"> <head> <meta charset="UTF-8"> <meta http-equiv="x-ua-compatible" content="ie=edge"> <meta name="viewport" content="width=device-width, initial-scale=1"> <script>(function(html){html.className = html.className.replace(/\bno-js\b/,'js')})(document.documentElement);</script> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' />  <title>G20 Countries Reach ‘Fragile Consensus’ on Climate Finance</title> <meta name="description" content="G20 nations have reached a ‘fragile consensus’ on the issue of climate finance for developing countries, diplomats say" /> <link rel="canonical" href="https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance" /> <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="G20 Countries Reach ‘Fragile Consensus’ on Climate Finance" /> <meta property="og:description" content="G20 nations have reached a ‘fragile consensus’ on the issue of climate finance for developing countries, diplomats say" /> <meta property="og:url" content="https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance" /> <meta property="og:site_name" content="Asia Financial" /> <meta property="article:publisher" content="https://www.facebook.com/asiafinancialnewsgroup" /> <meta property="article:published_time" content="2024-11-18T14:39:57+00:00" /> <meta property="og:image" content="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg" /> <meta property="og:image:width" content="710" /> <meta property="og:image:height" content="473" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="author" content="Vishakha Saxena" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:creator" content="@Asia_Financial" /> <meta name="twitter:site" content="@Asia_Financial" /> <meta name="twitter:label1" content="Written by" /> <meta name="twitter:data1" content="Vishakha Saxena" /> <meta name="twitter:label2" content="Est. reading time" /> <meta name="twitter:data2" content="4 minutes" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://www.asiafinancial.com/#organization","name":"Asia Financial","url":"https://www.asiafinancial.com/","sameAs":["https://www.instagram.com/asiafinancial/","https://www.facebook.com/asiafinancialnewsgroup","https://twitter.com/Asia_Financial"],"logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.asiafinancial.com/#/schema/logo/image/","url":"https://www.asiafinancial.com/wp-content/uploads/2021/05/AF-News-General-large.png","contentUrl":"https://www.asiafinancial.com/wp-content/uploads/2021/05/AF-News-General-large.png","width":1024,"height":1024,"caption":"Asia Financial"},"image":{"@id":"https://www.asiafinancial.com/#/schema/logo/image/"}},{"@type":"WebSite","@id":"https://www.asiafinancial.com/#website","url":"https://www.asiafinancial.com/","name":"Asia Financial","description":"Latest Financial News Today, China Stock Market News LIVE","publisher":{"@id":"https://www.asiafinancial.com/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://www.asiafinancial.com/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance#primaryimage","url":"https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg","contentUrl":"https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg","width":710,"height":473,"caption":"Members of the Indigenous People Association stage a protest to demand action on climate change, holding big head cut-outs of world leaders US President Joe Biden, China's President Xi Jinping, European Commission President Ursula von der Leyen, India's Prime Minister Narendra Modi, Russian President Vladimir Putin and Japan's Prime Minister Shigeru Ishiba, on the waters of Botafogo Bay, ahead of the G20 Summit, in Rio de Janeiro, Brazil on November 16, 2024. Photo: Reuters"},{"@type":"WebPage","@id":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance","url":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance","name":"G20 Countries Reach ‘Fragile Consensus’ on Climate Finance","isPartOf":{"@id":"https://www.asiafinancial.com/#website"},"primaryImageOfPage":{"@id":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance#primaryimage"},"image":{"@id":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance#primaryimage"},"thumbnailUrl":"https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg","datePublished":"2024-11-18T14:39:57+00:00","dateModified":"2024-11-18T14:39:57+00:00","description":"G20 nations have reached a ‘fragile consensus’ on the issue of climate finance for developing countries, diplomats say","breadcrumb":{"@id":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance"]}]},{"@type":"BreadcrumbList","@id":"https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://www.asiafinancial.com/"},{"@type":"ListItem","position":2,"name":"G20 Countries Reach ‘Fragile Consensus’ on Climate Finance"}]}]}</script>  <link rel='dns-prefetch' href='//www.asiafinancial.com' /> <link rel='dns-prefetch' href='//s.w.org' /> <script type="text/javascript"> window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/www.asiafinancial.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=5.8.10"}}; !function(e,a,t){var n,r,o,i=a.createElement("canvas"),p=i.getContext&&i.getContext("2d");function s(e,t){var a=String.fromCharCode;p.clearRect(0,0,i.width,i.height),p.fillText(a.apply(this,e),0,0);e=i.toDataURL();return p.clearRect(0,0,i.width,i.height),p.fillText(a.apply(this,t),0,0),e===i.toDataURL()}function c(e){var t=a.createElement("script");t.src=e,t.defer=t.type="text/javascript",a.getElementsByTagName("head")[0].appendChild(t)}for(o=Array("flag","emoji"),t.supports={everything:!0,everythingExceptFlag:!0},r=0;r<o.length;r++)t.supports[o[r]]=function(e){if(!p||!p.fillText)return!1;switch(p.textBaseline="top",p.font="600 32px Arial",e){case"flag":return s([127987,65039,8205,9895,65039],[127987,65039,8203,9895,65039])?!1:!s([55356,56826,55356,56819],[55356,56826,8203,55356,56819])&&!s([55356,57332,56128,56423,56128,56418,56128,56421,56128,56430,56128,56423,56128,56447],[55356,57332,8203,56128,56423,8203,56128,56418,8203,56128,56421,8203,56128,56430,8203,56128,56423,8203,56128,56447]);case"emoji":return!s([10084,65039,8205,55357,56613],[10084,65039,8203,55357,56613])}return!1}(o[r]),t.supports.everything=t.supports.everything&&t.supports[o[r]],"flag"!==o[r]&&(t.supports.everythingExceptFlag=t.supports.everythingExceptFlag&&t.supports[o[r]]);t.supports.everythingExceptFlag=t.supports.everythingExceptFlag&&!t.supports.flag,t.DOMReady=!1,t.readyCallback=function(){t.DOMReady=!0},t.supports.everything||(n=function(){t.readyCallback()},a.addEventListener?(a.addEventListener("DOMContentLoaded",n,!1),e.addEventListener("load",n,!1)):(e.attachEvent("onload",n),a.attachEvent("onreadystatechange",function(){"complete"===a.readyState&&t.readyCallback()})),(n=t.source||{}).concatemoji?c(n.concatemoji):n.wpemoji&&n.twemoji&&(c(n.twemoji),c(n.wpemoji)))}(window,document,window._wpemojiSettings); </script> <style type="text/css"> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 .07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <link rel='stylesheet' id='wp-block-library-css' href='https://www.asiafinancial.com/wp-includes/css/dist/block-library/style.min.css?ver=5.8.10' type='text/css' media='all' /> <style id='co-authors-plus-coauthors-style-inline-css' type='text/css'> .wp-block-co-authors-plus-coauthors.is-layout-flow [class*=wp-block-co-authors-plus]{display:inline} </style> <style id='co-authors-plus-avatar-style-inline-css' type='text/css'> .wp-block-co-authors-plus-avatar :where(img){height:auto;max-width:100%;vertical-align:bottom}.wp-block-co-authors-plus-coauthors.is-layout-flow .wp-block-co-authors-plus-avatar :where(img){vertical-align:middle}.wp-block-co-authors-plus-avatar:is(.alignleft,.alignright){display:table}.wp-block-co-authors-plus-avatar.aligncenter{display:table;margin-inline:auto} </style> <style id='co-authors-plus-image-style-inline-css' type='text/css'> .wp-block-co-authors-plus-image{margin-bottom:0}.wp-block-co-authors-plus-image :where(img){height:auto;max-width:100%;vertical-align:bottom}.wp-block-co-authors-plus-coauthors.is-layout-flow .wp-block-co-authors-plus-image :where(img){vertical-align:middle}.wp-block-co-authors-plus-image:is(.alignfull,.alignwide) :where(img){width:100%}.wp-block-co-authors-plus-image:is(.alignleft,.alignright){display:table}.wp-block-co-authors-plus-image.aligncenter{display:table;margin-inline:auto} </style> <link rel='stylesheet' id='mpp_gutenberg-css' href='https://www.asiafinancial.com/wp-content/plugins/metronet-profile-picture/dist/blocks.style.build.css?ver=2.6.3' type='text/css' media='all' /> <script type='text/javascript' src='https://www.asiafinancial.com/wp-includes/js/jquery/jquery.min.js?ver=3.6.0' id='jquery-core-js'></script> <script type='text/javascript' src='https://www.asiafinancial.com/wp-includes/js/jquery/jquery-migrate.min.js?ver=3.3.2' id='jquery-migrate-js'></script> <link rel="https://api.w.org/" href="https://www.asiafinancial.com/wp-json/" /><link rel="alternate" type="application/json" href="https://www.asiafinancial.com/wp-json/wp/v2/posts/103444" /><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://www.asiafinancial.com/xmlrpc.php?rsd" /> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="https://www.asiafinancial.com/wp-includes/wlwmanifest.xml" /> <meta name="generator" content="WordPress 5.8.10" /> <link rel='shortlink' href='https://www.asiafinancial.com/?p=103444' /> <link rel="alternate" type="application/json+oembed" href="https://www.asiafinancial.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.asiafinancial.com%2Fg20-countries-reach-fragile-consensus-on-climate-finance" /> <link rel="alternate" type="text/xml+oembed" href="https://www.asiafinancial.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.asiafinancial.com%2Fg20-countries-reach-fragile-consensus-on-climate-finance&format=xml" /> <link rel="pingback" href="https://www.asiafinancial.com/xmlrpc.php">  <script type='text/javascript'> !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https://connect.facebook.net/en_US/fbevents.js?v=next'); </script>  <script type='text/javascript'> var url = window.location.origin + '?ob=open-bridge'; fbq('set', 'openbridge', '918988045566644', url); </script> <script type='text/javascript'>fbq('init', '918988045566644', {}, { "agent": "wordpress-5.8.10-3.0.16" })</script><script type='text/javascript'> fbq('track', 'PageView', []); </script>  <noscript> <img height="1" width="1" style="display:none" alt="fbpx" src="https://www.facebook.com/tr?id=918988045566644&ev=PageView&noscript=1" /> </noscript>  <style type="text/css">.recentcomments a{display:inline !important;padding:0 !important;margin:0 !important;}</style> <style type="text/css" id="wp-custom-css"> .simple-text { margin: 10px 0 15px 0; } .author-content{ width: 100% !important; } .post-excerpt h4 { font-size: 16px; font-style: italic; color: grey; line-height: 23px; } .tt-post { border: 0px solid #489bd4 !important; -webkit-box-shadow: 0 0px 0 0 #eaeaea !important; -moz-box-shadow: 0 0px 0 0 #eaeaea !important; box-shadow: 0 0px 0 0 #eaeaea !important; } @media only screen and (min-width: 769px) { .relatedsingle{ height: 396px; } .h1, .h2, .h3, h1, h2, h3, .tt-title-text{ margin-top: 0px !important; margin-bottom: 0px !important; } } #fkgUBk { display: none; } </style> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:description" content="The breakthrough will remain overshadowed by the return to power of Donald Trump, who believes climate change is a hoax and aims to pull the United States out of the Paris climate agreement" /> <meta name="twitter:title" content="G20 Countries Reach ‘Fragile Consensus’ on Climate Finance" /> <meta name="twitter:site" content="@ATFinancial_" /> <meta name="twitter:image" content="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg" /><script type="application/ld+json">{ "@context": "http:\/\/schema.org", "@type": "newsarticle", "inLanguage": "en", "url": "https:\/\/www.asiafinancial.com", "articleBody": " \r\n\r\nTensions over a lack of climate finance for developing countries made their way to the G20 summit this week, and led the wealthy group of nations to reach a "fragile consensus" on the hotly contested issue on Sunday, Reuters reported, citing sources.\r\n\r\nConcerns about a lack of funding to help developing nations adopt climate technologies, cut emissions and tackle global warming-related disasters has been plaguing climate-related negotiations throughout this year.\r\n\r\nDeveloping countries like China, India, Brazil and South Africa say rich countries \u2014 which account for higher historical emissions and are the main culprits for climate change \u2014 <strong><a href="https:\/\/www.asiafinancial.com\/china-india-ask-rich-nations-for-trillions-in-climate-finance" target="_blank" rel="noopener">must provide trillions of dollars<\/a><\/strong> to help them cut their greenhouse gas emissions.\r\n\r\n \r\n<h3>Also on AF:\u00a0<a href="https:\/\/www.asiafinancial.com\/cop29-what-will-donald-trump-mean-for-global-carbon-markets" target="_blank" rel="noopener">COP29: What Will Donald Trump Mean For Global Carbon Markets?<\/a><\/h3>\r\n \r\n\r\nBut wealthy countries, especially in Europe, have been saying that an ambitious climate financing agreement can only be reached if the base of contributors includes some of the richer developing nations, such as China and major Middle Eastern oil producers.\r\n\r\nDeveloping countries such as Brazil have been pushing back on that demand.\r\n\r\nStalled talks on the issue <strong><a href="https:\/\/www.asiafinancial.com\/hundreds-of-billions-for-climate-change-seen-as-realistic-goal" target="_blank" rel="noopener">were meant to make headway<\/a><\/strong> during the United Nations\u2019 climate summit COP29 in Baku, which began last week.\r\n\r\nBut it is the leaders of the Group of 20 major economies \u2014 half a world away in Rio this week \u2014 that hold the purse strings for that financing. And diplomats close to the Rio talks told Reuters that the same fights that plagued COP29 since it began became central to G20 negotiations.\r\n\r\nThat changed early Sunday morning, however, as negotiators agreed to a text mentioning developing nations' voluntary contributions to climate finance, stopping short of calling them obligations, two diplomats said.\r\n\r\n \r\n<h2>The Trump shadow<\/h2>\r\nIf that agreement is accurate it may have some chance at sustaining the ongoing political tug-of-war. China, for instance, has spent an average $3.8 billion on climate finance for developing countries between 2013 and 2021, <strong><a href="https:\/\/www.cgdev.org\/blog\/has-china-really-provided-more-climate-finance-developing-countries-us" target="_blank" rel="noopener">according to the Center For Global Development<\/a><\/strong>.\r\n\r\nAccording to <strong><a href="https:\/\/www.carbonbrief.org\/guest-post-why-some-developing-countries-are-already-among-largest-climate-finance-contributors\/" target="_blank" rel="noopener">an analysis published on Carbon Brief<\/a><\/strong>, developing countries such as China, India, Brazil, Saudi Arabia and Mexico have been among the biggest contributors to climate finance distributed by multilateral institutions such as the World Bank.\r\n\r\nStill, the breakthrough will remain overshadowed by the return to power of\u00a0US President-elect Donald Trump.\r\n\r\nWhile the US has historically failed to meet its promises on climate financing, this year <strong><a href="https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/11\/17\/fact-sheet-president-biden-marks-historic-climate-legacy-with-trip-to-brazils-amazon-rainforest\/" target="_blank" rel="noopener">it says it has fulfilled a pledge<\/a><\/strong> to increase its climate finance spending to over $11 billion a year.\r\n\r\nBut Trump believes climate change is a hoax, and aims to shut down policies he says are a \u201cgreen new scam.\u201d Experts say he is all but set to pull the United States out of the Paris climate agreement.\r\n\r\nThat would throw into doubt how much money the world can muster to address climate change, possibly without the support of the world's largest economy.\r\n\r\n \r\n<h2>Calls for consensus<\/h2>\r\nG20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to\u00a0steer climate finance.\r\n\r\nAs they meet in Rio de Janeiro through till Tuesday, heads of state of the bloc will address issues from poverty and hunger to the reform of global institutions and the escalating violence\u00a0in Ukraine amid an invasion from Russia.\r\n\r\nAnd global activists have been calling on them for steering climate financing dialogue as well.\r\n\r\n"The spotlight is naturally on the G20. They account for 80% of global emissions," UN Secretary General Antonio Guterres told reporters in Rio de Janeiro. He expressed concern about the state of the COP29 talks in Baku and called on G20 leaders to do more to fight climate change.\r\n\r\n"Now is the time for leadership by example from the world's largest economies and emitters," Guterres said.\r\n\r\nUN climate chief Simon Stiell also wrote a letter to G20 leaders on Saturday\u00a0imploring them to act on climate finance, including boosting grants for developing nations and advancing reforms of multilateral development banks.\r\n\r\nThe success of not only COP29 but also the next UN climate summit, COP30 hinges on an ambitious deal on climate finance. Brazil, the host of COP30, says it is dedicated to keep alive the Paris Agreement target of limiting global warming to 1.5 degrees Celsius, <strong><a href="https:\/\/www.asiafinancial.com\/funding-gap-hurts-climate-talks-while-world-faces-3-1c-warming" target="_blank" rel="noopener">even as scientists warn that might be impossible<\/a><\/strong>.\r\n\r\nAnd developing nations maintain the G20 group of countries will be key to sustaining that threshold.\r\n\r\n"It is technically possible to meet the goal of 1.5 degrees Celsius, but only if a G20-led, massive mobilisation to cut all greenhouse gas emissions ... is achieved," Bahamas Prime Minister Philip Davis said at COP29 last week.\r\n\r\n \r\n<ul>\r\n \t<li>Reuters, with additional editing and inputs from Vishakha Saxena<\/li>\r\n<\/ul>\r\n \r\n<h3>Also read:<\/h3>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/trump-will-have-big-impacts-on-trade-climate-change-evs" target="_blank" rel="noopener">Trump Will Have Big Impacts on Trade, Climate Change, EVs<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/fossil-fuels-set-to-drive-global-emissions-to-a-record-yet-again" target="_blank" rel="noopener">Fossil Fuels Set to Drive Global Emissions to a Record, Yet Again<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/we-are-on-a-road-to-ruin-cop29-kicks-off-amid-trump-worry" target="_blank" rel="noopener">\u2018We Are on a Road to Ruin\u2019: COP29 Kicks Off Amid Trump Worry<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/uncertainty-on-methane-emission-fee-as-biden-term-nears-end" target="_blank" rel="noopener">Uncertainty on Methane Emission Fee as Biden Term Nears End<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/scientists-say-2024-virtually-certain-to-be-hottest-on-record" target="_blank" rel="noopener">Scientists Say 2024 \u2018Virtually Certain\u2019 to be Hottest on Record<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/floods-drought-climate-change-worsening-global-water-woes" target="_blank" rel="noopener">Floods or Drought: Climate Change Worsens Global Water Woes<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/climate-change-has-cost-china-32-billion-in-just-one-quarter" target="_blank" rel="noopener">Climate Change Has Cost China $32 Billion in Just One Quarter<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/emissions-of-worlds-super-rich-drive-economic-losses-deaths" target="_blank" rel="noopener">Emissions of World\u2019s Super Rich \u2018Drive Economic Losses, Deaths\u2019<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/energy-emissions-set-to-peak-but-not-in-time-for-climate-goals" target="_blank" rel="noopener">Energy Emissions Set to Peak But \u2018Not in Time\u2019 For Climate Goals<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/could-melting-glaciers-trigger-volcanic-eruptions-reuters" target="_blank" rel="noopener">Could Melting Glaciers Trigger Volcanic Eruptions? \u2013 Reuters<\/a><\/h4>\r\n<h4><\/h4>\r\n ", "articleSection": "Asia", "mainEntityOfPage": { "@type": "WebPage", "url": "https:\/\/www.asiafinancial.com\/g20-countries-reach-fragile-consensus-on-climate-finance" }, "headline": "G20 Countries Reach \u2018Fragile Consensus\u2019 on Climate Finance", "description": "The breakthrough will remain overshadowed by the return to power of Donald Trump, who believes climate change is a hoax and aims to pull the United States out of the Paris climate agreement", "datePublished": "2024-11-18T14:39:57+00:00", "dateModified": "2024-11-18T14:39:57+00:00", "publisher": { "@type": "Organization", "name": "Asia Financial", "logo": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/themes\/atf\/images\/AF-logo-small.png", "width": "640", "height": "97" } }, "author": { "@type": "Person", "name": "Asia Financial" }, "image": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/uploads\/2024\/11\/rei-copy-15.jpg" } }</script> <script async src="https://www.googletagmanager.com/gtag/js?id=G-CNH68EHNDT"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-CNH68EHNDT'); </script> <style> .tt-header .main-nav>ul>li>a { padding: 12px 20px !important; } .tt-header-margins { padding-top: 192px; } .top-right{ margin-top: 4px; } @media only screen and (max-width: 991px) { .tt-header-margins { padding-top: 101px !important; } } @media only screen and (max-width: 550px) { .subscribe-btn, .tt-s-popup-btn { display:none !important; } } .submitdelete{ display:none; } @media (max-width: 767px){ .asia-financial-bg{padding: 15px 5px;} .tt-footer .ft-box.col-md-4.col-sm-6.col-1 {width: 33%;float: left;} .author-content{ width: 100% !important; } } .story-div .content ul li, .story-div .content ol li { font-family: 'Roboto', sans-serif; color: #666; font-size: 18px; line-height: 1.7; margin-bottom: 10px; } .wp-caption-text{ line-height: 17px !important; font-size: 12px !important; font-weight: 500 !important; margin-top: 10px !important; color: #aaaaaa !important; } </style> <link rel="stylesheet" href="https://fonts.googleapis.com/css?family=Roboto%3A400%2C500%2C700%7CMerriweather%3A700%7CRoboto%3A400&subset=latin%2Clatin-ext,latin&display=swap" /> <link rel="stylesheet" href="https://www.asiafinancial.com/wp-content/themes/atf/css/atf-min-style.css?v=1.2" /> <link rel='dns-prefetch' href='//fonts.googleapis.com' /> <link rel="preconnect" href="https://fonts.gstatic.com"> <link href="https://fonts.googleapis.com/css2?family=Barlow:ital,wght@0,100;0,200;0,300;0,400;0,500;0,600;0,700;1,100&display=swap" rel="stylesheet"> <style type="text/css"> img.wp-smiley, img.emoji { display: inline!important; border: none!important; box-shadow: none!important; height: 1em!important; width: 1em!important; margin: 0 .07em!important; vertical-align: -0.1em!important; background: none!important; padding: 0!important } </style> <style id='woocommerce-inline-inline-css' type='text/css'> .woocommerce form .form-row .required { visibility: visible } </style> <link rel='stylesheet' id='magplus-material-icon-css' href='https://fonts.googleapis.com/icon?family=Material+Icons&ver=5.3' type='text/css' media='all' /> <style id='magplus-main-style-inline-css' type='text/css'> .tt-header .main-nav>ul>li:not(.mega)>ul>li>a:hover, .tt-header .main-nav>ul>li:not(.mega)>ul>li>ul>li>a:hover, .mega.type-2 ul.tt-mega-wrapper li>ul a:hover, .tt-mega-list a:hover, .tt-s-popup-devider:after, .tt-s-popup-close:hover:before, .tt-s-popup-close:hover:after, .tt-tab-wrapper.type-1 .tt-nav-tab-item:before, .tt-pagination a:hover, .tt-pagination li.active a, .tt-thumb-popup-close:hover, .tt-video-popup-close:hover, .c-btn.type-1.color-2:before, .c-btn.type-1.style-2.color-2, .page-numbers a:hover, .page-numbers li span.current, .tpl-progress .progress-bar, .c-pagination.color-2 .swiper-active-switch, .tt-comment-form .form-submit, .woo-pagination span.current, .woo-pagination a:hover { background: #00447c } .tt-header .main-nav>ul>li.active>a, .tt-header .main-nav>ul>li:hover>a, .tt-s-popup-btn:hover, .tt-header.color-2 .top-menu a:hover, .tt-header.color-2 .top-social a:hover, .tt-s-popup-submit:hover .fa, .tt-mslide-label a:hover, .tt-sponsor-title:hover, .tt-sponsor.type-2 .tt-sponsor-title:hover, .tt-post-title:hover, .tt-post-label span a:hover, .tt-post-bottom a:hover, .tt-post-bottom a:hover .fa, .tt-post.light .tt-post-title:hover, .tt-blog-user-content a:hover, .tt-blog-user.light .tt-blog-user-content a:hover, .simple-img-desc a:hover, .tt-author-title:hover, .tt-author-social a:hover, .tt-blog-nav-title:hover, .tt-comment-label a:hover, .tt-comment-reply:hover, .tt-comment-reply:hover .fa, .comment-reply-link:hover, .comment-reply-link:hover .fa, .comment-edit-link:hover, .tt-search-submit:hover, .tt-news-title:hover, .tt-mblock-title:hover, .tt-mblock-label a:hover, .simple-text a, .c-btn.type-1.style-2.color-2:hover, .c-btn.type-2:hover, .c-btn.type-3.color-2:hover, .c-btn.type-3.color-3, .sidebar-item.widget_recent_posts_entries .tt-post.dark .tt-post-title:hover, .tt-post-cat a:hover, .sidebar-item.widget ul li a:hover, .tt-small-blog-slider .tt-h4-title a:hover, .tt-comment-form .form-submit:hover { color: #fb3624 } .c-pagination.color-2 .swiper-pagination-switch, .c-pagination.color-2 .swiper-active-switch, .tt-search input[type="text"]:focus, #loader, .c-btn.type-1.color-2, .c-input:focus, .c-btn.type-3.color-2:hover, .c-area:focus, .tt-title-text, .c-pagination.color-2 .swiper-pagination-switch, .tt-comment-form .form-submit, .custom-arrow-left.tt-swiper-arrow-3:hover, .custom-arrow-right.tt-swiper-arrow-3:hover { border-color: #00447c } .woocommerce .onsale, .woocommerce-page .onsale, .ajax_add_to_cart.c-btn.type-2, .product_type_variable.add_to_cart_button.c-btn.type-2, .tt-custom-pagination .current, .price_slider_amount button[type="submit"], .widget_price_filter .ui-slider .ui-slider-handle, .widget_shopping_cart .buttons .checkout, .woocommerce-form-login input[type="submit"], .woocommerce .shop_table .button[name="apply_coupon"], .woocommerce-page .shop_table .button[name="apply_coupon"], .single_add_to_cart_button, .woocommerce .shop_table .button[name="update_cart"], .woocommerce-page .shop_table .button[name="update_cart"], .woocommerce #payment .button, .woocommerce-page #payment .button, .woocommerce-page .wc-proceed-to-checkout .button { background: #fb3624!important } .ajax_add_to_cart.c-btn.type-2:hover, .product_type_variable.add_to_cart_button.c-btn.type-2:hover, .widget_shopping_cart .buttons .checkout:hover, .price_slider_amount button[type="submit"]:hover, .woocommerce .wc-proceed-to-checkout .button:hover, .woocommerce .shop_table .button:hover, .woocommerce .single_add_to_cart_button.button:hover, .woocommerce-page .wc-proceed-to-checkout .button:hover, .woocommerce-page .shop_table .button:hover, .woocommerce-page .single_add_to_cart_button.button:hover, .woocommerce .shop_table .button[name="update_cart"]:hover, .woocommerce-page .shop_table .button[name="update_cart"]:hover, .woocommerce #payment .button:hover, .woocommerce-page #payment .button:hover { background: rgba(251, 54, 36, .8)!important } .tt-header-type-5 .logo, .tt-header .logo { max-width: 370px; height: 45px; line-height: 45px } body.archive .tt-post-views { display: none!important } @media (max-width:767px) { .tt-iframe.smallVid { display: block!important } } .custom-color-properties-1000:after { background: #eaeaea!important } .custom-color-properties-1000 .tt-title-text { border-color: #00447b!important; color: #111111!important } .custom-color-properties-1001 .tt-title-text { border-color: #00447b!important; color: #111111!important } .custom-color-properties-1002 .tt-title-text { border-color: #ff5353!important; color: #111111!important } .custom-color-properties-1003 .tt-title-text { border-color: #ff53a0!important; color: #111111!important } .custom-color-properties-1004 .tt-title-text { border-color: #8ac53e!important; color: #111111!important } .custom-color-properties-1005 .tt-title-text { border-color: #8ac53e!important; color: #111111!important } @font-face { font-family: ; src: ; font-weight: 400; font-style: normal } .tt-post { border: 1px solid #489bd4; } .style2.tt-title-block:after, .sidebar-heading-style2 .tt-title-block:after { background: #479cd4; } .custom-color-properties-1000:after { background: #489bd4!important; } .tt-post-list li { border-bottom: 1px solid #489bd4; } .top-list{ list-style-type: none;padding: 9px 0 0 0;text-align: left; } .top-list li{ display: inline-block; color: #fff; font-size: 14px;margin-right: 7px !important; font-weight: 500;text-transform: uppercase; } .top-right li{ display: inline-block; color: #fff; font-size: 14px;margin-right: 2px; font-weight: 500;text-transform: uppercase;} .top-list li span{border: 1px solid #8ac53e;padding: 3px 7px;border-radius: 3px;display: inline-block;margin-left: 7px;} .top-list li a{ color: #489cd5; font-weight: 600;} .top-right{ list-style-type: none;padding: 13px 0 0 0;} .top-right li{ position: relative; } .top-right li a{ color: #fff; } .top-right li a:after{ content: ""; border-radius: 50%; width: 6px; height: 6px;display: inline-block;margin: 0 0 0 5px; } .top-right li:first-child a:after{background: #489cd5; } .top-right li:nth-child(2) a:after{background: #ff1d25; } .top-right li:last-child a:after{background: #8bc53f; } .aflisting li{ min-height: 200px; } .tt-s-popup-overlay { opacity: 0.5 !important; } .tt-s-search-btn { border:none !important; top: 30px !important; } .specialbx:after{ background:none !important; } .tt-post-author-name, .tt-post-date { font-size: 13px; } .top-right li:nth-child(2) a:after{ background: #489cd5 !important; } .top-right li:last-child a:after{ background: #489cd5 !important; } .top-list li img {height: 26px;margin-top: -7px;} .top-mobi-list{ display: none; } @media (max-width: 767px){ .top-list-mobi { list-style-type: none; padding: 9px 0 0; padding-left: 0px; text-align: left; } .top-mobi-list{margin: 0 -15px; display: block; position: fixed;top: 0; width: 100%; height:37px;} .tt-header.stick .top-inner, .tt-header .top-inner{ top: 36px;} .top-list li img{ margin-top: -5px; } .top-list{padding: 7px 0;} .mobi-top-story{padding-top: 123px;} #top-list-mobi li{ font-weight: 400 !important; font-size: 10px !important; } #top-list-mobi li img { height: 20px !important; } } .top-list li {font-size: 13px !important; font-weight: 400 !important; text-transform: none !important; } </style> <link rel="stylesheet" href="https://www.asiafinancial.com/wp-content/themes/atf/css/atf-style.css" /> <link rel="stylesheet" type="text/css" href="https://www.asiafinancial.com/wp-content/themes/atf/css/atf.css?v=1.15"> <noscript> <style> .woocommerce-product-gallery { opacity: 1!important } </style> </noscript> <link rel="icon" type="image/png" href="https://www.asiafinancial.com/wp-content/uploads/2022/02/af_32x32.png" /> <style type="text/css" title="dynamic-css" class="options-output"> .tt-header .top-line, .tt-header.color-2 .top-line { background: #1f2330 } .tt-header .top-menu a, .tt-header .top-social a, .tt-header.color-2 .top-menu a, .tt-header.color-2 .top-social a { color: #e5e5e5 } .tt-header .top-menu a:hover, .tt-header .top-social a:hover, .tt-header.color-2 .top-menu a:hover, .tt-header.color-2 .top-social a:hover { color: #9e9e9e } .tt-header-type-7 .toggle-block, .tt-header-type-4 .toggle-block, .tt-header-type-3 .toggle-block, .tt-header .toggle-block, .tt-header-type-5 .top-inner { background: #489bd4 } .tt-header .main-nav>ul>li>a, .tt-header-type-4 .tt-s-popup-btn, .tt-s-popup-btn, .tt-header .cmn-mobile-switch span, .tt-header .cmn-mobile-switch::before, .tt-header .cmn-mobile-switch::after { color: #fff } .tt-header .main-nav>ul>li.active>a, .tt-header .main-nav>ul>li:hover>a, .tt-s-popup-btn:hover, .tt-header .cmn-mobile-switch:hover:before, .tt-header .cmn-mobile-switch:hover:after, .tt-header .cmn-mobile-switch:hover span { color: #111 } .tt-header-style-link .main-nav>ul>li>a:after, .tt-header-type-5 .main-nav>ul>li>a:after { background: #01bd5d } .sidebar-heading-style2 .tt-title-text, .sidebar-heading-style4 .tt-title-block, .sidebar-heading-style5 .tt-title-block, .sidebar-heading-style3 .tt-title-block { border-color: #00447b } #loading-text, .simple-text h1, .c-h1, .simple-text h2, .c-h2, .simple-text h3, .c-h3, .simple-text h4, .c-h4, .simple-text h5, .c-h5, .simple-text h6, .c-h6, .simple-text.font-poppins, .c-btn.type-1, .c-btn.type-2, .c-btn.type-3, .c-input, .tt-mobile-nav>ul>li>a, .tt-mobile-nav>ul>li>ul>li>a, .tt-header .main-nav>ul>li:not(.mega)>ul>li>a, .tt-mega-list a, .tt-s-popup-title, .tt-title-text, .tt-title-block-2, .comment-reply-title, .tt-tab-wrapper.type-1 .tt-nav-tab-item, .tt-f-list a, .tt-footer-copy, .tt-pagination a, .tt-blog-user-content, .tt-author-title, .tt-blog-nav-label, .tt-blog-nav-title, .tt-comment-label, .tt-search input[type="text"], .tt-share-title, .tt-mblock-label, .page-numbers a, .page-numbers span, .footer_widget.widget_nav_menu li a, .tt-h1-title, .tt-h4-title, .tt-h2-title, .shortcode-4 .tt-title-slider a, .footer_widget .tt-title-block.type-2 .tt-title-text, .footer_widget .tt-newsletter-title.c-h4 small { font-family: 'Barlow', sans-serif font-weight: 700; font-style: normal } body, .tt-title-ul, .simple-text.title-droid h1, .simple-text.title-droid h2, .simple-text.title-droid h3, .simple-text.title-droid h4, .simple-text.title-droid h5, .simple-text.title-droid h6, .tt-tab-wrapper.tt-blog-tab .tt-nav-tab .tt-nav-tab-item, .tt-header .main-nav, .tt-header .top-menu a, .tt-post-bottom, .tt-post-label, .tt-s-popup-field input[type="text"], .tt-slide-2-title span, input, textarea, .tt-post-cat, .tt-slider-custom-marg .c-btn.type-3, .tt-mslide-label, select, .tt-post-breaking-news .tt-breaking-title, .sidebar-item.widget_recent_posts_entries .tt-post.dark .tt-post-cat, .shortcode-4 .simple-text, .woocommerce-result-count { font-family: Roboto; font-weight: 400; font-style: normal } .asia8-compo .col-md-9 { position: relative !important; z-index: 9 !important; } .tt-header-style-link .main-nav>ul>li>a:after, .tt-header-type-5 .main-nav>ul>li>a:after{ background: #00447b;} .tt-post.type-7 .tt-post-img .wp-post-image{height: 58px;} .tt-post.type-3 .tt-post-img .wp-post-image{height: 205px;} @media (max-width: 767px){ .tt-post.type-3 .tt-post-img .wp-post-image,.tt-post.type-7 .tt-post-img .wp-post-image {height: auto;} } .tt-footer { background: #00447B !important; } .tt-footer-copy{ background: #1F2330 !important; } /* @media only screen and (max-width: 550px){ .tt-s-search-btn{ left: 31px; top: 17px!important; } .tt-s-search-btn .fa.search-open{ display: block!important; } .tt-s-search-btn .search-open.active+.tt-s-search-form{ width: 100%; top: 23px; max-width: 320px; min-width: 320px; left: -40px; } .tt-s-search-btn .tt-s-popup-close{z-index: 999999999; right: 5px; top: -4px;} } */ .tt-s-popup-close:after, .tt-s-popup-close:before{top: 16px; width: 22px; height: 3px;} .tt-s-popup-field{ position: relative; z-index: 999999; background: #489bd4; color: #fff; height: 30px; line-height: 30px; } </style> <noscript> <style> .wpb_animate_when_almost_visible { opacity: 1 } </style> </noscript>   <script> !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '918988045566644'); fbq('track', 'PageView'); </script> <noscript><img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=918988045566644&ev=PageView&noscript=1" /></noscript>   <script> !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '189940718103664');fbq('track', 'PageView'); </script> <noscript> <img height="1" width="1" src="https://www.facebook.com/tr?id=189940718103664&ev=PageView&noscript=1"/> </noscript>  <meta property="fb:pages" content="100250128285411" /> <meta name="facebook-domain-verification" content="hrf98cuzbeqqphtjig2d7z55ua38ck" />  <script data-cfasync="false" id="clevernt" type="text/javascript"> (function (document, window) { var c = document.createElement("script"); c.type = "text/javascript"; c.async = !0; c.id = "CleverNTLoader44150"; c.setAttribute("data-target",window.name); c.setAttribute("data-callback","put-your-callback-macro-here"); c.src = "//clevernt.com/scripts/b53b1abc077187e69c6dce26bb2169ee.min.js?20210208=" + Math.floor((new Date).getTime()); var a = !1; try { a = parent.document.getElementsByTagName("script")[0] || document.getElementsByTagName("script")[0]; } catch (e) { a = !1; } a || ( a = document.getElementsByTagName("head")[0] || document.getElementsByTagName("body")[0]); a.parentNode.insertBefore(c, a); })(document, window); </script>  <script async src="https://www.googletagmanager.com/gtag/js?id=G-JSYJWDZQDZ"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-JSYJWDZQDZ'); </script>  <script src="https://www.googletagmanager.com/gtag/js?id=UA-3625887-4" async defer></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-3625887-4'); </script>  <script> (function(h,o,t,j,a,r){ h.hj=h.hj||function(){(h.hj.q=h.hj.q||[]).push(arguments)}; h._hjSettings={hjid:2080194,hjsv:6}; a=o.getElementsByTagName('head')[0]; r=o.createElement('script');r.async=1; r.src=t+h._hjSettings.hjid+j+h._hjSettings.hjsv; a.appendChild(r); })(window,document,'https://static.hotjar.com/c/hotjar-','.js?sv='); </script> <meta name="google-site-verification" content="mIh1fYJM6F7H81R-3DyC0RT-dkfkyLXdaXZLgTbxAQo" /> <meta name="ahrefs-site-verification" content="2428459a227642e9978e938cddd10198f03a272e5faa56467aef49a2e0398488"> <meta name="pocket-site-verification" content="8aabf79294bc5d000642a48b873e1f" /> <meta name="msvalidate.01" content="6A4287D236ECB84766F5E64D78DA56BB" /> <script async type="text/javascript" src="https://static.klaviyo.com/onsite/js/klaviyo.js?company_id=JGevqp"></script>  <script async src="https://www.googletagmanager.com/gtag/js?id=G-04BHDZ0BHE"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-04BHDZ0BHE'); </script> <script data-ad-client="ca-pub-6117110569640947" async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> </head> <script async='async' src='https://securepubads.g.doubleclick.net/tag/js/gpt.js' type='text/javascript'/></script> <script type='text/javascript'>window.googletag = window.googletag || { cmd: [] };</script> <script type='text/javascript'> let afinScript = document.createElement('script'); afinScript.src = 'https://adncdnend.azureedge.net/adtags/asiafin.adn.js'; document.getElementsByTagName('head')[0].append(afinScript); </script>  <body class="home page-template-default page page-id-405 wp-embed-responsive theme-magplus woocommerce-no-js full-page header-style13 tt-top-header-enable tt-header-sticky wpb-js-composer js-comp-ver-6.0.4 vc_responsive elementor-default">  <div id="wrapper">  <div class="tt-mobile-block"> <div class="tt-mobile-close"></div> <nav class="tt-mobile-nav"> <ul id="side-header-nav" class="side-menu"> <li id="menu-item-760" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-privacy-policy menu-item-760"><a href="/">Home</a></li> <li id="menu-item-779" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-779"><a href="/af-indexes">AF Indexes</a></li> <li id="menu-item-780" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-780"><a href="/markets">Markets</a></li> <li id="menu-item-781" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-781"><a href="/carbon">Carbon</a></li> <li id="menu-item-781" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-781"><a href="/fintech">Fintech</a></li> <li id="menu-item-782" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-782"><a href="/energy">Energy</a></li> <li id="menu-item-783" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-783"><a href="/transport">Transport</a></li> <li id="menu-item-783" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-783"><a href="/health">Health</a></li> <li id="menu-item-783" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-783"><a href="/regions">Regions</a></li> <li id="menu-item-783" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-783"><a href="/insights/">Insights</a></li> <li id="menu-item-783" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-783"><a href="/videos">AF TV</a></li> </ul> <div class="sidebar-logo"> <a href="/" class="logo tt-logo-1x"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/AF-logo-small.png" alt="AF Logo" width="350"></a> </div> </nav> </div> <div class="tt-mobile-overlay"></div> <div class="tt-s-popup"> <div class="tt-s-popup-overlay"></div> <div class="tt-s-popup-content"> <div class="tt-s-popup-layer"></div> <div class="tt-s-popup-container"> <form action="#" method="get" class="tt-s-popup-form"> <div class="tt-s-popup-field"> <input type="text" id="s" name="s" value="" placeholder="Type to search" class="input" required> <div class="tt-s-popup-devider"></div> <h3 class="tt-s-popup-title">Type to search</h3></div> <a href="#" class="tt-s-popup-close"></a> </form> </div> </div> </div> <div class="tt-video-popup"> <div class="tt-video-popup-overlay"></div> <div class="tt-video-popup-content"> <div class="tt-video-popup-layer"></div> <div class="tt-video-popup-container"> <div class="tt-video-popup-align"> <div class="embed-responsive embed-responsive-16by9"> <iframe class="embed-responsive-item" src="about:blank"></iframe> </div> </div> <div class="tt-video-popup-close"></div> </div> </div> </div> <div class="tt-thumb-popup"> <div class="tt-thumb-popup-overlay"></div> <div class="tt-thumb-popup-content"> <div class="tt-thumb-popup-layer"></div> <div class="tt-thumb-popup-container"> <div class="tt-thumb-popup-align"> </div> <div class="tt-thumb-popup-close"></div> </div> </div> </div> <div id="content-wrapper"> <header class="tt-header header-style13 tt-header-style-link full-page"> <div class="tt-header-wrapper"> <div class="top-line clearfix top-mobi-list"> <div class="container"> <div class="aftopbx"> <div class="row"> <div class="col-md-12" id="top-list-mobi"> <ul class="top-list"> </ul> </div> </div> </div> </div> </div> <div class="top-inner clearfix"> <div class="container"> <a href="/" class="logo tt-logo-1x"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/AF-logo-small.png" alt="ATF Logo" width="350"></a> <a href="/" class="logo tt-logo-2x"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/AF-logo-small.png" alt="ATF" width="263" height="45" style="max-height:30px; height:auto;"></a> <div class="cmn-toggle-switch"><span></span></div> <div class="cmn-mobile-switch"><span></span></div> <div class="tt-s-search-btn"> <div class="search-click"> <i style="display:none;" class="fa fa-search search-open" aria-hidden="true"></i> <form action="#" method="get" class="tt-s-popup-form tt-s-search-form"> <a href="#" class="tt-s-popup-close close"></a> <div class="tt-s-popup-field"> <input type="text" id="s" name="s" value="" placeholder="search" class="input" required> </div> </form> </div> </div>  <a class="subscribe-btn" style="color:white;" href="/newsletter">Newsletter</a> </div> </div> <div class="toggle-block"> <div class="toggle-block-container"> <nav class="main-nav clearfix"> <ul id="nav" class="menu"> <li><a href="/">Home</a></li> <li><a href="/af-indexes">AF Indexes</a> <ul class="sub-menu"> <li><a href="/af-indexes/global-fintech-leaders-index">Global Fintech Leaders Index</a></li> <li><a href="/af-indexes/af-china-bond-50-index">AF China Bond 50 Index</a></li> <li><a href="/af-indexes/global-green-energy-transport-and-technology-leaders-index">GGETT Leaders Index</a></li> <li><a href="/af-indexes/china-electric-vehicle-index">China Electric Vehicle Index</a></li> </ul> </li> <li><a href="/markets">Markets</a> <ul class="sub-menu"> <li><a href="/markets/bonds">Bonds News</a></li> <li><a href="/markets/capital-markets">Capital Markets News </a></li> <li><a href="/markets/commodities">Commodities News</a></li> <li><a href="/markets/esg">ESG News</a></li> <li><a href="/markets/etfs">ETFs News</a></li> </ul> </li> <li><a href="/carbon">Carbon</a></li> <li><a href="/fintech">Fintech</a><ul class="sub-menu"> <li><a href="/fintech/ai">AI News</a></li> <li><a href="/fintech/blockchain">Blockchain News</a></li> <li><a href="/fintech/crypto">Crypto News</a></li> <li><a href="/fintech/cyber-security">Cyber Security News</a></li> <li><a href="/fintech/payments">Payments News</a></li> </ul> </li> <li><a href="/energy">Energy</a><ul class="sub-menu"> <li><a href="/energy/mining">Mining News</a></li> <li><a href="/energy/new-energy">New Energy News</a></li> <li><a href="/energy/oil-gas">Oil & Gas News</a></li> <li><a href="/energy/rare-earths">Rare Earths News</a></li> </ul></li> <li><a href="/transport">Transport</a><ul class="sub-menu"> <li><a href="/transport/aviation">Aviation News</a></li> <li><a href="/transport/electric-vehicles">Electric Vehicles News</a></li> <li><a href="/transport/new-energy-vehicles">New Energy Vehicles News</a></li> <li><a href="/transport/space">Space News</a></li> </ul></li> <li><a href="/health">Health</a></li> <li><a href="/regions">Regions</a><ul class="sub-menu"> <li><a href="/regions/world">World News</a></li> <li><a href="/regions/asia">Asia News</a></li> <li><a href="/regions/china">China News</a></li> <li><a href="/regions/india">India News</a></li> <li><a href="/regions/central-asia">Central Asia News</a></li> <li><a href="/regions/north-asia">North Asia News</a></li> <li><a href="/regions/oceania">Oceania News</a></li> </ul></li> <li><a href="/insights">Insights</a><ul class="sub-menu"> <li><a href="/insights/market-insights">Market Insights</a></li> <li><a href="/insights/fintech-insights">Fintech Insights</a></li> <li><a href="/insights/opinion">Opinion</a></li> </ul></li> <li><a href="/videos">AF TV</a></li> </ul> </nav> <div class="nav-more">  </div> <div class="nav-more nav-more-left"> </div> <div class="top-line clearfix"> <div class="container"> <div class="aftopbx"> <div class="row"> <div class="col-md-8" id="top-list"> <ul class="top-list"> </ul> </div> <div class="col-md-4"> <ul class="top-right"> <li style="margin-right: 3px;"><a style="cursor: default;" href="javascript:void();">NEWS</a></li> <li style="margin-right: 3px;"><a style="cursor: default;" href="javascript:void();">ANALYSIS</a></li> <li style="margin-right: 3px;"><a style="cursor: default;" href="javascript:void();">INDEXES</a> </ul> </div> </div> </div> </div> </div> </div> </div> </div> </header> <div class="tt-header-heights tt-header-margins"></div> <style> @media (max-width: 767px){ .asia-financial-bg{padding: 15px 5px;} .tt-footer .ft-box.col-md-4.col-sm-6.col-1 {width: 33%;float: left;} } </style> <style type="text/css"> .tt-header .main-nav>ul>li:not(.mega)>ul.sub-menu{ border-color: #489bd4; top: 41px; padding-top: 0; margin-top: 0; padding-bottom: 0; } .tt-header .main-nav>ul>li:not(.mega)>ul>li{ border-bottom: 1px solid #489bd4; margin: 0 10px; } .tt-header .main-nav>ul>li:not(.mega)>ul>li:last-child{ border-bottom: none; } .tt-header .main-nav>ul>li:not(.mega)>ul>li a{ font-family: 'Barlow', sans-serif; font-weight: 700; color: #000; } </style> <script src="https://code.jquery.com/jquery-3.6.0.min.js" integrity="sha256-/xUj+3OJU5yExlq6GSYGSHk7tPXikynS7ogEvDej/m4=" crossorigin="anonymous"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/global.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/idangerous.swiper.min.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/jquery.appear.min.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/jquery.formstone.min.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/jquery.isotope.min.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/match.height.min.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/parallax.min.js"></script> <script src="https://www.asiafinancial.com/wp-content/themes/atf/js/scripts/ytv.js"></script>  <script type="text/javascript"> jQuery(document).ready(function(){ if( jQuery("ul.tabs").length > 0 ) { jQuery('ul.tabs li').click(function(){ var tab_id = jQuery(this).attr('data-tab'); jQuery('ul.tabs li').removeClass('active-current'); jQuery('.tab-content').removeClass('active-current'); jQuery(this).addClass('active-current'); jQuery("#"+tab_id).addClass('active-current'); }) } }) </script> <script type="text/javascript"> jQuery('.search-open').click(function(){ jQuery(this).addClass('active'); //jQuery(this).parent().siblings().find('.search-open').removeClass('active'); }) jQuery('.close').click(function(){ jQuery(this).closest('.search-click').find('.search-open').removeClass('active'); }); </script> <style type="text/css"> @media only screen and (max-width: 550px){ .tt-s-search-btn .tt-s-popup-close{ opacity: 1; } .tt-s-search-btn{ left: 0; } .tt-header .cmn-mobile-switch:hover:before, .tt-header .cmn-mobile-switch:hover span, .tt-header .cmn-mobile-switch:hover:after{ background: #fff; } .tt-s-search-btn .fa.search-open{ margin-left: 30px; position: relative; top: -29px; } .tt-s-search-btn{ top: 48px!important; width: 100%; } .tt-s-search-btn .search-open.active+.tt-s-search-form{ left: -8%; width: 116%; top: -75px; } .tt-s-search-btn .tt-s-popup-close{ right: 14px; } .tt-s-search-btn .tt-s-popup-field input[type=text]{ padding-left: 14px; } } </style> <script> jQuery(document).ready(function() { jQuery('.fa-search').show(); }); </script>  <script async src="https://www.googletagmanager.com/gtag/js?id=AW-10878662245"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'AW-10878662245'); </script> <style> .tags a { margin-top: 5px; } .story-div .content p{ font-size: 18px; } .story-div .content h5 { line-height: 28px; font-size: 17px; font-weight: 700; margin: 10px 0 10px 0; } .story-div .content h4 { line-height: 28px; font-size: 18px; font-weight: 700; margin: 10px 0 10px 0; } .story-div .content h3 { line-height: 28px; font-size: 19px; font-weight: 700; margin: 10px 0 10px 0; } .story-div .content h2 { line-height: 28px; font-size: 20px; font-weight: 700; margin: 10px 0 10px 0; } .story-div .content h1 { line-height: 28px; font-size: 21px; font-weight: 700; margin: 10px 0 10px 0; } .imgauthor{ border-radius: 50%; } .custom-share{margin:0;padding-left:0;padding-bottom:5px;} .custom-share>li{box-sizing:border-box;display:inline-block;font-size:15px;line-height:14px;padding:0 5px 0 0;margin:0;transition:all .2s ease-in-out;list-style-type:none;} .custom-share>li>a{background:#ccc;border-radius:3px;box-sizing:border-box;display:block;font-family:'Roboto',sans-serif;padding:7px;position:relative;text-align:left;height:39px;text-decoration:none;text-transform:uppercase;width:100%;} .custom-share>li>a i{display:inline-block;line-height:20px;} .custom-share>li>a i img{max-width:100%;} .custom-share>li>a i.fb{ background-position:0 1px; height:26px; width:14px; } .custom-share>li>a i.twit{padding-top:2px;height:24px;width:26px;} .custom-share>li>a i.gplus{padding-top:4px;height:24px;width:26px;} .custom-share>li>a i.wapp{height:24px;width:26px;} .custom-share>li>a i.wapp img{margin-top:-1px;} .custom-share>li.facebook a{background:#3b5999;padding:6px 40px;} .custom-share>li.twit a{background:#55acef;} .custom-share>li.gplus a{background:#e93f2e;} .custom-share>li.whatsapp a{background:#29a71a;} .custom-share>li.whatsapp{display:none;} .custom-share>li:hover{-webkit-transform: translateY(-4px);transform: translateY(-4px);} @media (max-width: 767px){ .custom-share{display:table;width:100%;} .custom-share>li>a{text-align:center;vertical-align: top;} .custom-share>li{display:table-cell;float:none;vertical-align: top;min-width:inherit;width:25%;} .custom-share>li.whatsapp{display:table-cell;} .custom-share>li.facebook a{padding:6px 8px;} } .sharethisbx { display: inline; text-align: right; vertical-align: middle; } @media screen and (max-width: 767px){ .related-articles-sec .tt-post-inner{ overflow: hidden; border-bottom: 1px dotted rgba(0, 0, 0, 0.2); } .related-articles-sec .tt-post-inner .tt-post-img{ float: right; margin-left: 10px;} .related-articles-sec .simple-text a{font-size: 18px;color: #111;font-weight: 500;line-height: 26px;} .related-articles-sec .tt-post.type-3 .tt-post-info{padding: 0; } .related-articles-sec .tt-post-info .simple-text{ margin-top: 0;} .related-articles-sec .tt-post.type-3{ text-align: left; } } .new-category-design, .tt-post-label-new { margin-bottom: -8px; margin-top: 13px; } </style> <div id="page-wrapper" class="content top-bottom"> <div class="container"> <div class="row story-div"> <div class="marg-lg-b20"></div> <div class="col-md-8"> <div class="story-top"> <div class="reports-big-head"> <div class="tt-post-label tt-post-label-new"> <span class="tt-post-label-new tt-post-cat"> <a href="https://www.asiafinancial.com/carbon">Carbon</a> </span></div> <h1 class="reports-big-head">G20 Countries Reach ‘Fragile Consensus’ on Climate Finance</h1> </div> <div class="tt-post type-3"> <div class="tt-post-label" style="font-size:14px;">  <span class="tt-post-date" style="margin-left:5px;">November 18, 2024</span></div> <div class="col post-excerpt" style="margin-top:10px;"> <h4> <p>The breakthrough will remain overshadowed by the return to power of Donald Trump, who believes climate change is a hoax and aims to pull the United States out of the Paris climate agreement</p> </h4> </div> <br> <div class="sharethisbx"> <ul class="custom-share"> <li class="facebook"> <a target="_blank" rel="nofollow" href="https://www.facebook.com/sharer/sharer.php?u=https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance"> <i class="fb"><img alt="facebook" src="https://www.asiafinancial.com/wp-content/themes/atf/images/facebook.svg"></i> </a> </li> <li class="twit"> <a rel="nofollow" target="_blank" href="https://twitter.com/share?text=G20%20Countries%20Reach%20%E2%80%98Fragile%20Consensus%E2%80%99%20on%20Climate%20Finance&url=https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance"> <i class="twit"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/twitter.svg?v=1" alt="twitter"></i> </a> </li> <li class="whatsapp"> <a rel="nofollow" href="whatsapp://send?text=https://www.asiafinancial.com/g20-countries-reach-fragile-consensus-on-climate-finance"> <i class="wapp"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/whatsapp.svg" alt="whatsapp"></i> </a> </li> </ul> </div> </div> </div> <div class="story-big-img"> <figure>  <img src="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Members of the Indigenous People Association stage a protest to demand action on climate change, holding big head cut-outs of world leaders U.S. President Joe Biden, China's President Xi Jinping, European Commission President Ursula von der Leyen, India's Prime Minister Narendra Modi, Russian President Vladimir Putin and Japan's Prime Minister Shigeru Ishiba, on the waters of Botafogo Bay" loading="lazy" srcset="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15.jpg 710w, https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-15-300x200.jpg 300w" sizes="100vw" /> <figcaption style="line-height: 17px; font-size: 12px; font-weight: 500; margin-top: 10px; color: #aaaaaa;"> Members of the Indigenous People Association stage a protest to demand action on climate change, holding big head cut-outs of world leaders US President Joe Biden, China's President Xi Jinping, European Commission President Ursula von der Leyen, India's Prime Minister Narendra Modi, Russian President Vladimir Putin and Japan's Prime Minister Shigeru Ishiba, on the waters of Botafogo Bay, ahead of the G20 Summit, in Rio de Janeiro, Brazil on November 16, 2024. Photo: Reuters </figcaption> </figure> </div> <div class="content"> <p> </p> <p>Tensions over a lack of climate finance for developing countries made their way to the G20 summit this week, and led the wealthy group of nations to reach a “fragile consensus” on the hotly contested issue on Sunday, Reuters reported, citing sources.</p> <p>Concerns about a lack of funding to help developing nations adopt climate technologies, cut emissions and tackle global warming-related disasters has been plaguing climate-related negotiations throughout this year.</p> <p>Developing countries like China, India, Brazil and South Africa say rich countries — which account for higher historical emissions and are the main culprits for climate change — <strong><a href="https://www.asiafinancial.com/china-india-ask-rich-nations-for-trillions-in-climate-finance" target="_blank" rel="noopener">must provide trillions of dollars</a></strong> to help them cut their greenhouse gas emissions.</p> <p> </p> <h3>Also on AF: <a href="https://www.asiafinancial.com/cop29-what-will-donald-trump-mean-for-global-carbon-markets" target="_blank" rel="noopener">COP29: What Will Donald Trump Mean For Global Carbon Markets?</a></h3> <p> </p> <p>But wealthy countries, especially in Europe, have been saying that an ambitious climate financing agreement can only be reached if the base of contributors includes some of the richer developing nations, such as China and major Middle Eastern oil producers.</p> <p>Developing countries such as Brazil have been pushing back on that demand.</p> <p>Stalled talks on the issue <strong><a href="https://www.asiafinancial.com/hundreds-of-billions-for-climate-change-seen-as-realistic-goal" target="_blank" rel="noopener">were meant to make headway</a></strong> during the United Nations’ climate summit COP29 in Baku, which began last week.</p> <p>But it is the leaders of the Group of 20 major economies — half a world away in Rio this week — that hold the purse strings for that financing. And diplomats close to the Rio talks told Reuters that the same fights that plagued COP29 since it began became central to G20 negotiations.</p> <p>That changed early Sunday morning, however, as negotiators agreed to a text mentioning developing nations’ voluntary contributions to climate finance, stopping short of calling them obligations, two diplomats said.</p> <p> </p> <h2>The Trump shadow</h2> <p>If that agreement is accurate it may have some chance at sustaining the ongoing political tug-of-war. China, for instance, has spent an average $3.8 billion on climate finance for developing countries between 2013 and 2021, <strong><a href="https://www.cgdev.org/blog/has-china-really-provided-more-climate-finance-developing-countries-us" target="_blank" rel="noopener">according to the Center For Global Development</a></strong>.</p> <p>According to <strong><a href="https://www.carbonbrief.org/guest-post-why-some-developing-countries-are-already-among-largest-climate-finance-contributors/" target="_blank" rel="noopener">an analysis published on Carbon Brief</a></strong>, developing countries such as China, India, Brazil, Saudi Arabia and Mexico have been among the biggest contributors to climate finance distributed by multilateral institutions such as the World Bank.</p> <p>Still, the breakthrough will remain overshadowed by the return to power of US President-elect Donald Trump.</p> <p>While the US has historically failed to meet its promises on climate financing, this year <strong><a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/11/17/fact-sheet-president-biden-marks-historic-climate-legacy-with-trip-to-brazils-amazon-rainforest/" target="_blank" rel="noopener">it says it has fulfilled a pledge</a></strong> to increase its climate finance spending to over $11 billion a year.</p> <p>But Trump believes climate change is a hoax, and aims to shut down policies he says are a “green new scam.” Experts say he is all but set to pull the United States out of the Paris climate agreement.</p> <p>That would throw into doubt how much money the world can muster to address climate change, possibly without the support of the world’s largest economy.</p> <p> </p> <h2>Calls for consensus</h2> <p>G20 countries account for 85% of the world’s economy and are the largest contributors to multilateral development banks helping to steer climate finance.</p> <p>As they meet in Rio de Janeiro through till Tuesday, heads of state of the bloc will address issues from poverty and hunger to the reform of global institutions and the escalating violence in Ukraine amid an invasion from Russia.</p> <p>And global activists have been calling on them for steering climate financing dialogue as well.</p> <p>“The spotlight is naturally on the G20. They account for 80% of global emissions,” UN Secretary General Antonio Guterres told reporters in Rio de Janeiro. He expressed concern about the state of the COP29 talks in Baku and called on G20 leaders to do more to fight climate change.</p> <p>“Now is the time for leadership by example from the world’s largest economies and emitters,” Guterres said.</p> <p>UN climate chief Simon Stiell also wrote a letter to G20 leaders on Saturday imploring them to act on climate finance, including boosting grants for developing nations and advancing reforms of multilateral development banks.</p> <p>The success of not only COP29 but also the next UN climate summit, COP30 hinges on an ambitious deal on climate finance. Brazil, the host of COP30, says it is dedicated to keep alive the Paris Agreement target of limiting global warming to 1.5 degrees Celsius, <strong><a href="https://www.asiafinancial.com/funding-gap-hurts-climate-talks-while-world-faces-3-1c-warming" target="_blank" rel="noopener">even as scientists warn that might be impossible</a></strong>.</p> <p>And developing nations maintain the G20 group of countries will be key to sustaining that threshold.</p> <p>“It is technically possible to meet the goal of 1.5 degrees Celsius, but only if a G20-led, massive mobilisation to cut all greenhouse gas emissions … is achieved,” Bahamas Prime Minister Philip Davis said at COP29 last week.</p> <p> </p> <ul> <li>Reuters, with additional editing and inputs from Vishakha Saxena</li> </ul> <p> </p> <h3>Also read:</h3> <h4><a href="https://www.asiafinancial.com/trump-will-have-big-impacts-on-trade-climate-change-evs" target="_blank" rel="noopener">Trump Will Have Big Impacts on Trade, Climate Change, EVs</a></h4> <h4><a href="https://www.asiafinancial.com/fossil-fuels-set-to-drive-global-emissions-to-a-record-yet-again" target="_blank" rel="noopener">Fossil Fuels Set to Drive Global Emissions to a Record, Yet Again</a></h4> <h4><a href="https://www.asiafinancial.com/we-are-on-a-road-to-ruin-cop29-kicks-off-amid-trump-worry" target="_blank" rel="noopener">‘We Are on a Road to Ruin’: COP29 Kicks Off Amid Trump Worry</a></h4> <h4><a href="https://www.asiafinancial.com/uncertainty-on-methane-emission-fee-as-biden-term-nears-end" target="_blank" rel="noopener">Uncertainty on Methane Emission Fee as Biden Term Nears End</a></h4> <h4><a href="https://www.asiafinancial.com/scientists-say-2024-virtually-certain-to-be-hottest-on-record" target="_blank" rel="noopener">Scientists Say 2024 ‘Virtually Certain’ to be Hottest on Record</a></h4> <h4><a href="https://www.asiafinancial.com/floods-drought-climate-change-worsening-global-water-woes" target="_blank" rel="noopener">Floods or Drought: Climate Change Worsens Global Water Woes</a></h4> <h4><a href="https://www.asiafinancial.com/climate-change-has-cost-china-32-billion-in-just-one-quarter" target="_blank" rel="noopener">Climate Change Has Cost China $32 Billion in Just One Quarter</a></h4> <h4><a href="https://www.asiafinancial.com/emissions-of-worlds-super-rich-drive-economic-losses-deaths" target="_blank" rel="noopener">Emissions of World’s Super Rich ‘Drive Economic Losses, Deaths’</a></h4> <h4><a href="https://www.asiafinancial.com/energy-emissions-set-to-peak-but-not-in-time-for-climate-goals" target="_blank" rel="noopener">Energy Emissions Set to Peak But ‘Not in Time’ For Climate Goals</a></h4> <h4><a href="https://www.asiafinancial.com/could-melting-glaciers-trigger-volcanic-eruptions-reuters" target="_blank" rel="noopener">Could Melting Glaciers Trigger Volcanic Eruptions? – Reuters</a></h4> <h4></h4> <p> </p> <div class="tags"> Tags: <a href="https://www.asiafinancial.com/tag/carbon" rel="tag">Carbon</a><a href="https://www.asiafinancial.com/tag/carbon-footprint" rel="tag">Carbon Footprint</a><a href="https://www.asiafinancial.com/tag/carbon-markets" rel="tag">Carbon Markets</a><a href="https://www.asiafinancial.com/tag/china-climate" rel="tag">China Climate</a><a href="https://www.asiafinancial.com/tag/climate-change" rel="tag">Climate Change</a><a href="https://www.asiafinancial.com/tag/cop29" rel="tag">COP29</a><a href="https://www.asiafinancial.com/tag/donald-trump" rel="tag">Donald Trump</a><a href="https://www.asiafinancial.com/tag/emissions" rel="tag">Emissions</a><a href="https://www.asiafinancial.com/tag/global-warming" rel="tag">Global Warming</a><a href="https://www.asiafinancial.com/tag/paris-climate-agreement" rel="tag">Paris Climate Agreement</a><a href="https://www.asiafinancial.com/tag/us-china" rel="tag">US-China</a> </div> <div class="author-box"> <div class="profile_images"><img width="96" height="96" src="https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-96x96.jpg" class="avatar avatar-96 photo imgauthor" alt="" loading="lazy" srcset="https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-96x96.jpg 96w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-300x300.jpg 300w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-150x150.jpg 150w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-768x768.jpg 768w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-24x24.jpg 24w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4-48x48.jpg 48w, https://www.asiafinancial.com/wp-content/uploads/2024/01/Untitled-design-4.jpg 1000w" sizes="100vw" /></div> <div class="author-content"> <h3><a href="https://www.asiafinancial.com/author/vishakha-saxenaasiafinancial-com">Vishakha Saxena </a></h3> <p style="font-size: 14px;"> Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="c1b7a8b2a9a0aaa9a0efb2a0b9a4afa081a0b2a8a0a7a8afa0afa2a8a0adefa2aeac">[email protected]</a> </p> </div> </div> <div class="category-col related-articles-sec"> <div class="tt-title-block custom-color-properties-1001 style2"> <h3 class="tt-title-text" style="border-bottom:none;">You Might also Like</h3> </div> <div class="marg-lg-b20"></div> <div class="row tt-post-two-col "> <div class="tt-post tt-post-two-col-item type-3 col-sm-3 col-md-3 post-430 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-culture tag-all tag-health tag-politics relatedsingle"> <div class="tt-post-inner"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/chinas-huawei-smic-to-ramp-production-of-newest-ai-chip"> <img width="537" height="307" style="height:103px;" src="https://www.asiafinancial.com/wp-content/uploads/2023/09/3-300x200.jpg" class="img-responsive wp-post-image" alt="China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip"> </a> <div class="tt-post-info"> <div class="tt-post-label"> <div class="simple-text"> <a href="https://www.asiafinancial.com/chinas-huawei-smic-to-ramp-production-of-newest-ai-chip">China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip</a> </div>  </div> </div> </div> <div class="marg-lg-b30"></div> </div><div class="tt-post tt-post-two-col-item type-3 col-sm-3 col-md-3 post-430 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-culture tag-all tag-health tag-politics relatedsingle"> <div class="tt-post-inner"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/economists-say-trump-wont-hit-china-with-60-tariffs-early-on"> <img width="537" height="307" style="height:103px;" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-20-300x200.jpg" class="img-responsive wp-post-image" alt="Economists Say Trump Won't Hit China With 60% Tariffs Early On"> </a> <div class="tt-post-info"> <div class="tt-post-label"> <div class="simple-text"> <a href="https://www.asiafinancial.com/economists-say-trump-wont-hit-china-with-60-tariffs-early-on">Economists Say Trump Won't Hit China With 60% Tariffs Early On</a> </div>  </div> </div> </div> <div class="marg-lg-b30"></div> </div><div class="tt-post tt-post-two-col-item type-3 col-sm-3 col-md-3 post-430 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-culture tag-all tag-health tag-politics relatedsingle"> <div class="tt-post-inner"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/china-export-tax-bombshell-to-raise-oil-solar-battery-prices"> <img width="537" height="307" style="height:103px;" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-17-300x200.jpg" class="img-responsive wp-post-image" alt="China Export Tax Bombshell to Raise Oil, Solar, Battery Prices"> </a> <div class="tt-post-info"> <div class="tt-post-label"> <div class="simple-text"> <a href="https://www.asiafinancial.com/china-export-tax-bombshell-to-raise-oil-solar-battery-prices">China Export Tax Bombshell to Raise Oil, Solar, Battery Prices</a> </div>  </div> </div> </div> <div class="marg-lg-b30"></div> </div><div class="tt-post tt-post-two-col-item type-3 col-sm-3 col-md-3 post-430 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-culture tag-all tag-health tag-politics relatedsingle"> <div class="tt-post-inner"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/cop29-carbon-markets-deal-faces-credibility-test"> <img width="537" height="307" style="height:103px;" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-16-300x200.jpg" class="img-responsive wp-post-image" alt="COP29 Carbon Markets Deal Faces Credibility Test"> </a> <div class="tt-post-info"> <div class="tt-post-label"> <div class="simple-text"> <a href="https://www.asiafinancial.com/cop29-carbon-markets-deal-faces-credibility-test">COP29 Carbon Markets Deal Faces Credibility Test</a> </div>  </div> </div> </div> <div class="marg-lg-b30"></div> </div> </div> </div>  </div> </div> <div class="col-md-4"> <div><a href="https://www.asiafinancial.com/newsletter"><img src="https://www.asiafinancial.com/wp-content/uploads/2021/10/340x170-article-page.png" alt="logo"></a></div> <div class="marg-lg-b20"></div> <div class="asia-letest"> <h2 class="heading"><a href="#"><span>Carbon</span> </a> </h2> <div class="marg-lg-b20"></div> <div class="tt-post tt-post-two-col-item type-3 col-sm-12 col-md-12 post-434 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-culture tag-all tag-health tag-politics"> <div class="tt-post-inner"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/cop29-finance-deal-aims-for-250bn-from-wealthy-nations"> <img width="537" style="height:150px;" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/COP29-convention-centre-in-Baku-Rs-300x187.jpeg" class="img-responsive wp-post-image" alt="COP29 Finance Deal Aims For $250bn From Wealthy Nations"> </a> <div class="tt-post-info"> <div class="tt-post-info"> <a style="font-size:15px;" class="tt-post-title c-h6" href="https://www.asiafinancial.com/cop29-finance-deal-aims-for-250bn-from-wealthy-nations">COP29 Finance Deal Aims For $250bn From Wealthy Nations</a> <div class="tt-post-label"> <span class="tt-post-author-name"><a href="#">Jim Pollard</a></span> <span class="tt-post-date">22 Nov 2024</span></div> </div> </div> </div> <div class="marg-lg-b30"></div> </div> <div class="clear"></div> <div class="custom-sidebar sidebar-item widget widget_recent_posts_entries"> <ul class="tt-post-list dark"><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/eu-may-ask-china-for-clean-tech-knowhow-in-return-for-subsidies-ft"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2024/05/rei-copy-4-300x200.jpg" class="img-responsive wp-post-image" alt="EU May Ask China For Clean Tech Knowhow in Return For Subsidies – FT"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/eu-may-ask-china-for-clean-tech-knowhow-in-return-for-subsidies-ft">EU May Ask China For Clean Tech Knowhow in Return For Subsidies – FT</a> <span class="tt-post-date">20 Nov 2024</span> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/more-dead-as-philippines-hit-by-sixth-typhoon-in-a-month-abc"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/Flooding-from-typhoon-Trami-Ppines-Nov-2024-300x225.jpg" class="img-responsive wp-post-image" alt="More Dead as Philippines Hit by Sixth Typhoon in a Month – ABC"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/more-dead-as-philippines-hit-by-sixth-typhoon-in-a-month-abc">More Dead as Philippines Hit by Sixth Typhoon in a Month – ABC</a> <span class="tt-post-date">18 Nov 2024</span> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/trumps-plan-to-kill-ev-tax-credits-could-benefit-china"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/Trump-and-Musk-Rs-300x200.jpg" class="img-responsive wp-post-image" alt="Trump’s Plan to Kill EV Tax Credits ‘Could Benefit China’"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/trumps-plan-to-kill-ev-tax-credits-could-benefit-china">Trump’s Plan to Kill EV Tax Credits ‘Could Benefit China’</a> <span class="tt-post-date">18 Nov 2024</span> </div> </div> </li></ul></div> </div>  <div id="subscribe"></div> <div class="clear"></div> <div class="tt-newsletter" style="margin:15px 0 15px 0;"> <div class="klaviyo-form-U4u3kX"></div> </div> <div class="clear"></div> <div class="sidebar-ad" style="margin:15px 0 15px 0;"> <div id='div-gpt-ad-sidebar_2'> <div data-onpage=true data-adpath="/339474670,22668885096/ATimesFin/sidebar_1"></div> </div> </div> <div class="tab-sec" style="margin:15px 0 15px 0;"> <ul class="tabs"> <li class="tab-link active-current" style="border-right:0px;" data-tab="tab-1">Popular News</li>  </ul> <div id="tab-1" class="tab-content active-current"> <div class="custom-sidebar sidebar-item widget widget_recent_posts_entries"> <ul class="tt-post-list dark"> <li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/china-russia-trade-booms-as-war-forces-moscow-to-look-east"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2022/04/Containers-are-seen-at-Yangshan-deepwater-port-in-Shanghai-Oct-19-2020.-RtrsAly-Song-e1657701034644.jpg" class="img-responsive wp-post-image" alt="China-Russia Trade Booms as War Forces Moscow to Look East"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/china-russia-trade-booms-as-war-forces-moscow-to-look-east">China-Russia Trade Booms as War Forces Moscow to Look East</a> <div class="tt-post-cat"> 10 Jun 2022 </div> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/iran-wants-new-currency-for-china-bloc-with-30-of-global-gdp"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2021/05/china_iran_foreign_ministers_wang_yi_left_and_m_mad_zarif_javad_after_signing__Ef9lSZ6.jpg" class="img-responsive wp-post-image" alt="Iran Wants New Currency for China Bloc With 30% of Global GDP"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/iran-wants-new-currency-for-china-bloc-with-30-of-global-gdp">Iran Wants New Currency for China Bloc With 30% of Global GDP</a> <div class="tt-post-cat"> 07 Jun 2022 </div> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/china-youth-unemployment-to-hit-23-bank-of-america-says"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2021/05/china_jobs_fair.jpg" class="img-responsive wp-post-image" alt="China Youth Unemployment to Hit 23%, Bank of America Says"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/china-youth-unemployment-to-hit-23-bank-of-america-says">China Youth Unemployment to Hit 23%, Bank of America Says</a> <div class="tt-post-cat"> 06 Jun 2022 </div> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/china-seizing-hi-tech-share-from-us-in-win-lose-battle"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2021/05/china_high_tech_workers_in_suits-e1677752255610.jpg" class="img-responsive wp-post-image" alt="China Seizing Hi-Tech Share From US in ‘Win-Lose’ Battle"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/china-seizing-hi-tech-share-from-us-in-win-lose-battle">China Seizing Hi-Tech Share From US in ‘Win-Lose’ Battle</a> <div class="tt-post-cat"> 08 Jun 2022 </div> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/xi-jinping-rails-against-sanctions-in-boao-forum-speech"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2022/01/000_1681X3-compressed-scaled-e1647483232636.jpg" class="img-responsive wp-post-image" alt="Xi Jinping Rails Against Sanctions in Boao Forum Speech"> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/xi-jinping-rails-against-sanctions-in-boao-forum-speech">Xi Jinping Rails Against Sanctions in Boao Forum Speech</a> <div class="tt-post-cat"> 21 Apr 2022 </div> </div> </div> </li> </ul>  </div> </div> <div id="tab-2" class="tab-content"> <div class="custom-sidebar sidebar-item widget widget_recent_posts_entries"> <ul class="tt-post-list dark"> </ul>  </div> </div> </div> <div style="margin:15px 0 15px 0;"> <div id='div-gpt-ad-sidebar_1'> <div data-onpage=true data-adpath="/339474670,22668885096/ATimesFin/sidebar_2"></div> </div> </div> </div> </div> </div> </div> <div class="empty-space tt-page-margin-top marg-lg-b30 marg-sm-b30"></div> <div class="advertbx mid-ad-bg"> <div class="container"> <div class="row"> <div class="col-md-12"> <div class="bottom-ads">   <div id='div-gpt-ad-leaderboard_2'> <div data-onpage=true data-adpath="/339474670,22668885096/ATimesFin/leaderboard_1"></div> </div> </div> </div> </div> </div> </div>  <div class="tt-footer"> <div class="container"> <div class="row"> <div class="col-md-6 col-sm-6 col-1"> <div class="row"> <div class="ft-box col-md-4 col-sm-6 col-1"> <div class="ft-titel tt-title-block-2">ABOUT AF</div> <ul> <li><a href="https://www.asiafinancial.com/asia-financial-news-group">Asia Financial News Group</a></li> <li><a href="https://www.asiafinancial.com/asia-financial-index-group">Asia Financial Index Group</a></li> <li><a href="https://www.capitallinkintl.com/" target="_blank">Capital Link International</a></li> <li><a href="https://www.asiafinancial.com/ads-and-partnerships">Ads and Partnerships</a></li> <li><a href="https://www.asiafinancial.com/about-us">About Us</a></li> </ul> </div> <div class="ft-box col-md-4 col-sm-6 col-1"> <div class="ft-titel tt-title-block-2">RESOURCES</div> <ul> <li><a href="https://www.asiafinancial.com/index-tools">Index Tools</a></li> <li><a href="https://www.asiafinancial.com/newsletter">Newsletters</a></li> <li><a href="https://www.asiafinancial.com/your-af">Your AF</a></li> <li><a href="https://www.asiafinancial.com/careers">Careers</a></li> <li><a href="https://www.asiafinancial.com/contact-us">Contact Us</a></li> </ul> </div> <div class="ft-box col-md-4 col-sm-6 col-1"> <div class="ft-titel tt-title-block-2">LEGAL + PRIVACY</div> <ul> <li><a href="https://www.asiafinancial.com/copyright">Copyright</a></li> <li><a href="https://www.asiafinancial.com/legal-privacy">Legal & Privacy</a></li> <li><a href="https://www.asiafinancial.com/terms-conditions">Terms & Conditions</a></li> <li><a href="https://www.asiafinancial.com/privacy-policy">Privacy Policy</a></li> <li><a href="https://www.asiafinancial.com/cookies">Cookies</a></li> </ul> </div> </div> <div class="row"> <div class="empty-space marg-lg-b30"></div> <div class="col-md-6 col-sm-6 col-1"> <div class="textwidget"> <div class="footer-logo"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/asia-financial-logo.png"></div> </div> </div> <div class="col-md-6 col-sm-6 col-1"> <div class="textwidget"> <div class="footer-logo"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/asia-financial-logo2.png"></div> </div> </div> <div class="empty-space marg-xs-b30"></div> </div> </div> <div class="col-md-3 col-sm-6 col-3"> <div id="recent-posts-3" class="widget tt-footer-list footer_widget widget_recent_posts_entries"> <h5 class="tt-title-block-2">Must Read</h5> <div class="empty-space marg-lg-b5"></div> <ul class="tt-post-list dark"> <li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/adani-scandal-ups-risk-to-global-banks-indias-renewables-push"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2024/11/rei-copy-22.jpg" class="img-responsive wp-post-image" alt=""/> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/adani-scandal-ups-risk-to-global-banks-indias-renewables-push">Adani Scandal Ups Risk to Global Banks, India’s Renewables Push</a> <div class="tt-post-cat"><a href="https://www.asiafinancial.com/regions/world" rel="category tag">World</a></div> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/us-seeks-review-changes-to-undersea-telecom-cable-rules"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2023/04/Workers-install-the-2Africa-undersea-cable-on-the-beach-in-Amanzimtoti-Rs.jpeg" class="img-responsive wp-post-image" alt=""/> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/us-seeks-review-changes-to-undersea-telecom-cable-rules">US Seeks Review, Changes to Undersea Telecom Cable Rules</a> <div class="tt-post-cat"><a href="https://www.asiafinancial.com/regions/world" rel="category tag">World</a></div> </div> </div> </li><li> <div class="tt-post type-7 dark clearfix post-586 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-all tag-health tag-politics"> <a class="tt-post-img custom-hover" href="https://www.asiafinancial.com/chinas-huawei-smic-to-ramp-production-of-newest-ai-chip"> <img width="80" height="80" src="https://www.asiafinancial.com/wp-content/uploads/2023/09/3.jpg" class="img-responsive wp-post-image" alt=""/> </a> <div class="tt-post-info"> <a class="tt-post-title c-h6" href="https://www.asiafinancial.com/chinas-huawei-smic-to-ramp-production-of-newest-ai-chip">China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip</a> <div class="tt-post-cat"><a href="https://www.asiafinancial.com/regions/world" rel="category tag">World</a></div> </div> </div> </li> </ul> </div> <div class="empty-space marg-xs-b30"></div> </div> <div class="col-md-3 col-sm-6 col-4"> <div id="tag_cloud-7" class="widget tt-footer-list footer_widget widget_tag_cloud"> <h5 class="tt-title-block-2">Tags</h5> <div class="empty-space marg-lg-b20"></div> <div class="tagcloud"><a href="https://www.asiafinancial.com/tag/china" class="tag-cloud-link tag-link-31 tag-link-position-1" style="font-size: 8pt;" aria-label="All (13 items)"> China</a> <a href="https://www.asiafinancial.com/tag/bonds" class="tag-cloud-link tag-link-29 tag-link-position-2" style="font-size: 8pt;" aria-label="Health (13 items)">Bonds</a> <a href="https://www.asiafinancial.com/tag/us" class="tag-cloud-link tag-link-28 tag-link-position-3" style="font-size: 8pt;" aria-label="Politics (13 items)">US</a></div> </div> <div id="tag_cloud-2" class="widget tt-footer-list footer_widget widget_tag_cloud"> <h5 class="tt-title-block-2">Categories</h5> <div class="empty-space marg-lg-b20"></div> <div class="tagcloud"> <a href="https://www.asiafinancial.com/af-indexes" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">AF Indexes</a> <a href="https://www.asiafinancial.com/markets" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Markets</a> <a href="https://www.asiafinancial.com/fintech" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Fintech</a> <a href="https://www.asiafinancial.com/energy" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Energy</a> <a href="https://www.asiafinancial.com/transport" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Transport</a> <a href="https://www.asiafinancial.com/health" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Health</a> <a href="https://www.asiafinancial.com/regions" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Regions</a> <a href="https://www.asiafinancial.com/opinion" class="tag-cloud-link tag-link-30 tag-link-position-1" style="font-size: 8pt;" aria-label="Business (4 items)">Opinion</a> </div> </div> <div class="empty-space marg-xs-b30"></div> </div> <div class="col-md-12"> <div class="empty-space marg-lg-b60 marg-sm-b50 marg-xs-b30"></div> </div> </div> </div> <div class="tt-footer-copy"> <div class="container"> <div class="row"> <div class="col-md-6 col-sm-6 col-1"> <div class="ft-titel tt-title-block-2">DISCLAIMER</div> <p></p> </div> <div class="col-md-3 col-sm-6 col-1"> <p>Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com</p> </div> <div class="col-md-3 col-sm-6 col-1"> <img src="https://www.asiafinancial.com/wp-content/themes/atf/images/capital-link.png"> </div> </div> </div> </div> </div> </div> </div>  <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type='text/javascript'> document.addEventListener( 'wpcf7mailsent', function( event ) { if( "fb_pxl_code" in event.detail.apiResponse){ eval(event.detail.apiResponse.fb_pxl_code); } }, false ); </script>  <div id='fb-pxl-ajax-code'></div><script type='text/javascript' src='https://www.asiafinancial.com/wp-content/plugins/metronet-profile-picture/js/mpp-frontend.js?ver=2.6.3' id='mpp_gutenberg_tabs-js'></script> <script type='text/javascript' src='https://www.asiafinancial.com/wp-includes/js/wp-embed.min.js?ver=5.8.10' id='wp-embed-js'></script> <script type='text/javascript'> /* <![CDATA[ */ var wpcf7 = { "apiSettings": { "root": "https:\/\/www.asiatimesfinancial.com\/demo\/magplus\/newspro\/wp-json\/contact-form-7\/v1", "namespace": "contact-form-7\/v1" }, "cached": "1" }; /* ]]> */ </script> <script type='text/javascript'> /* <![CDATA[ */ var woocommerce_params = { "ajax_url": "\/demo\/magplus\/newspro\/wp-admin\/admin-ajax.php", "wc_ajax_url": "\/demo\/magplus\/newspro\/?wc-ajax=%%endpoint%%" }; /* ]]> */ </script> <script type='text/javascript'> /* <![CDATA[ */ var wc_cart_fragments_params = { "ajax_url": "\/demo\/magplus\/newspro\/wp-admin\/admin-ajax.php", "wc_ajax_url": "\/demo\/magplus\/newspro\/?wc-ajax=%%endpoint%%", "cart_hash_key": "wc_cart_hash_21b96ebe847cb2610b7f3957862072a8", "fragment_name": "wc_fragments_21b96ebe847cb2610b7f3957862072a8", "request_timeout": "5000" }; /* ]]> */ </script> <script type='text/javascript'> /* <![CDATA[ */ var magplus_ajax = { "ajaxurl": "https:\/\/www.asiatimesfinancial.com\/demo\/magplus\/newspro\/wp-admin\/admin-ajax.php", "siteurl": "https:\/\/www.asiatimesfinancial.com\/demo\/magplus\/newspro\/wp-content\/themes\/magplus", "nonce": "8db882ff64" }; /* ]]> */ </script> <script type='text/javascript'> /* <![CDATA[ */ var newsletter = { "messages": { "email_error": "The email is not correct", "name_error": "The name is not correct", "surname_error": "The last name is not correct", "profile_error": "A mandatory field is not filled in", "privacy_error": "You must accept the privacy statement" }, "profile_max": "20" }; /* ]]> */ </script> <script> (function() { var indeces = [ { key: "ALLIBL50", name: "Financials China Onshore Bond Index" }, { key: "KOINTR", name: "Policy Bank Bonds China Onshore" }, { key: "EKARTR", name: "Enterprises (SOE) China Onshore" } /* { key: "ALLILOGO10", name: "Local Government Bond from Chinese Provincial Governments" }, */ ]; fetchAllindex(function(rawData) { var data = parseData(rawData) // populateContent(data); //animate(); }); function fetchAllindex(cb) { var indexPathSegment = indeces .map(function(i) { return i.key; }) .join(","); var xhr = new XMLHttpRequest(); xhr.open( "GET", "https://tool.allindex.com/api/index/" + indexPathSegment + "/performance/key/" ); /* xhr.setRequestHeader( "Authorization", "Api-Key bDk4pQv6.JXg2IrxRxNR8eRckXecyORMzmxDKSIcK" ); */ xhr.setRequestHeader( "X-Api-Key", "3QXcuRq6.hCAyMdB1GD1cbSqfdoGHDeQy5bxa5u5C" ); xhr.onload = function(e) { var data = JSON.parse(xhr.response); cb(data); }; xhr.send(); window.xhr = xhr; } function parseData(rawData) { var parsedData = []; var headstr = '<li style="margin-right: 5px;">AF Indexes -</li>'; var mobistr = '<li style="margin-right: 5px;">AF Indexes -</li>'; var counter = 0; for (var index of indeces) { var name = index.name; var key = index.key; var datum = rawData[key]; var change = (datum.level_T - datum.level_T_minus_1); var percentChange = ((datum.level_T - datum.level_T_minus_1) / datum.level_T_minus_1) * 100; var isPositive = change >= 0; var formatprecentage = (isPositive ? '+' : '') + percentChange.toFixed(2) + '%'; var border = '1px solid #8ac53e'; if ( ! isPositive ) { border = '1px solid red'; } text = 'value' if ( index.key == 'ALLIBL50' ) { text = 'AF China Bond'; } else if ( index.key == 'KOINTR' ) { text = 'AF Global Fintech'; } else if ( index.key == 'EKARTR' ) { text = 'AF Global EV'; } else { if ( text == '' ) { text = index.key; } } headstr += '<li style><a style="color:#fff; font-weight:400;" href="https://www.asiafinancial.com/asia-financial-index-group">'+ text +'</a><span style="border:'+ border +'">'+ formatprecentage +'</span></li>'; if ( counter == 0 ) { mobistr += '<li style><a style="color:#fff; font-weight:400;" href="https://www.asiafinancial.com/asia-financial-index-group">'+ text +'</a><span style="border:'+ border +'">'+ formatprecentage +'</span></li>'; } parsedData.push({ name: name, key: key, level: datum.level_T, change: change, percentChange: percentChange, formattedLevel: datum.level_T.toFixed(3), formattedChange: (isPositive ? '+' : '') + change.toFixed(2), formattedPercentChange: (isPositive ? '+' : '') + percentChange.toFixed(2) + '%', isPositive: isPositive, currentLevel: datum.level_T, previouLevel: datum.level_T_minus_1, }); counter++; } //jQuery("#top-list ul").append(headstr + '<li><a href="https://www.marketaxess.com/?utm_source=Asia_Times_Financial&utm_medium=Logo_Sponsorship&utm_campaign=ALM" target="_blank"><img src="https://www.asiafinancial.com/wp-content/uploads/2021/05/logo-market-access.jpg"></a></li>'); jQuery("#top-list ul").append(headstr); //jQuery("#top-list-mobi ul").append(mobistr + '<li><a href="https://www.marketaxess.com/?utm_source=Asia_Times_Financial&utm_medium=Logo_Sponsorship&utm_campaign=ALM" target="_blank"><img src="https://www.asiafinancial.com/wp-content/uploads/2021/05/logo-market-access.jpg"></a></li>'); jQuery("#top-list-mobi ul").append(mobistr); //return parsedData; } function populateContent(data) { const containerEl = document.querySelector( "section.marquee .marquee-items" ); for (var index of data) { // Create HTML elements var indexEl = document.createElement("li"); indexEl.classList.add("marquee-item"); indexEl.classList.add(index.isPositive ? 'marquee-item-positive' : 'marquee-item-negative'); var nameEl = document.createElement("div"); nameEl.classList.add("marquee-item-name"); nameEl.innerText = index.name + ' (' + index.key + ')'; var valueEl = document.createElement("div"); valueEl.classList.add("marquee-item-value"); valueEl.innerText = index.formattedLevel; var changeEl = document.createElement('div'); changeEl.classList.add('marquee-item-change') changeEl.innerText = index.formattedChange + ' (' + index.formattedPercentChange + ')'; // Append HTML elements to the DOM containerEl.appendChild(indexEl); indexEl.appendChild(nameEl); indexEl.appendChild(valueEl); indexEl.appendChild(changeEl); } } // Repeat elements and animate function animate() { const sections = document.querySelectorAll( "section.marquee:not([data-animation-started])" ); for (let section of sections) { section.dataset.animationStarted = true; const content = section.querySelector(".marquee-content"); const list = content.children[0]; // Clone and append list items n times. const n = 10; const l = list.children.length; for (let i = 0; i < l * n; i++) { list.appendChild(list.children[i % l].cloneNode(true)); } setTimeout(() => { const speed = 0.04; // px/ms const distance = section.scrollWidth; const duration = distance / speed; const animation = content.animate( [ // keyframes { transform: "translateX(0px)" }, { transform: `translateX(-${distance}px)` } ], { // timing options duration: duration, iterations: Infinity } ); section.onmouseenter = () => animation.pause(); section.onmouseleave = () => animation.play(); }, 50); } } })();</script> <script type="text/javascript"> $( '.cmn-mobile-switch' ).click( function() { $( '.tt-mobile-block' ).toggleClass( 'active' ); $( '#content-wrapper' ).toggleClass( 'active' ); return false; } ); $( '.tt-mobile-close' ).click( function() { $( '.tt-mobile-block' ).toggleClass( 'active' ); $( '#content-wrapper' ).toggleClass( 'active' ); return false; } ); </script> </body> </html>