New Finance Rules Aim to Accelerate Emissions Cuts in Australia

Australia set new guidelines on the types of projects eligible for sustainable finance, aiming to accelerate investment in emissions reduction in polluting industries like agriculture, mining and energy.

The 198-page taxonomy, which sets voluntary standards, adds to similar sets of rules issued in more than 40 locations globally, and outlines the asset types and activities that are seen as credible to be funded using green debt or transition debt instruments.