regulators from ASEAN countries whose primary task is to promote greater integration and connectivity of regional capital markets. One of the key initiatives by the ACMF is the development of sustainable asset

China…. with a more recent focus on the development of new energy projects ….will issue a green bond and use the proceeds to finance and/or refinance expenditures related to non-fossil fuel energy

to certified Climate Bonds. This criteria allows solar assets where a minimum of 85% of the electricity generated is from solar energy. It follows that fossil fuels may provide back-up or hybrid

Development and Efficiency (DEDE), Ministry of Energy 5. Energy Policy and Planning Office (EPPO), Ministry of Energy 6. Office of Transport and Traffic Policy and Planning (OTP), Ministry of Transport 7

incremental change ...................... 7 Potential for radical decarbonisation is dependent on broader climate policy ............................ 8 Low carbon infrastructure which maintains high fossil fuel

A dynamic approach to criteria development This is the first version of the Grids and Storage Criteria. However, all Climate Bonds criteria aim to improve in line with industry best practice and

emissions (e.g., fossil methane and biogenic methane), with methane emissions from the energy sector reduced by 64% by 2030 from 2020 levels to be consistent with 1.5°C aligned pathways. Establish absolute

emissions as green, as long as the vehicles are not used to transport fossil fuels. Heavy-duty vehicles that have specific CO2 emissions of less than half of the reference CO2 emissions of all vehicles in the

Criteria (in development) and Aviation Criteria (to be developed). Noting though that these Bioenergy Criteria cover biofuel used for shipping and aviation. Blending facilities mixing with biofuel and fossil

6 Sustainable Development Goals by UN • Promote eco-friendly business activities and address environmental & social risks • Energy Management System Committee, focusing on energy related issues