Fixed Income Update 21 Nov 2024
KBVS WEEKLY FIXED INCOME UPDATE
Thursday, 21 November 2024
Anticipating The Positive Impact Of COP29 And The G20 On Indonesia
The G20 Summit in Rio de Janeiro resulted in a joint declaration addressing Brazil's priority issues, including global conflicts, hunger eradication, taxes on billionaires, and global governance reforms.
Meanwhile, some of the outcomes from the 29th United Nations Climate Change Conference (COP29) held in Baku, Azerbaijan include:
• Enhancing ambition and implementation related to mitigation
• Mainstreaming climate change adaptation and resilience into policies
• Transitioning from fossil fuels in the energy system
• Accelerating low-emission and net-zero emission technologies
• Discussing the Global Goal on Adaptation (GGA) to guide climate change adaptation efforts
• Outlining the Harmoniya Climate Initiative for farmers to drive finance and collaboration in the agricultural sector
In addition, Indonesia successfully secured green funding amounting to 1.2 billion Euros at COP29.
Regards,
KBVS Research Team