Plastic waste is prominent among the multiple, interlinked environmental challenges currently facing the world. Emerging markets have a significant role to play in addressing the issue, both as leading plastic consumers, and in that they are often disproportionately affected.
With the issuance of green bonds reaching all-time highs, blue bonds and debt-for-nature agreements are also emerging as potential financing tools for emerging markets.
With world leaders meeting this week at the UN Climate Change Conference in Glasgow, a number of emerging markets have demonstrated their willingness to work with international partners on the matter of reducing methane emissions.
Amid an increased focus on environmental sustainability, the idea of fossil fuel “bad banks” is gaining traction globally. The concept refers to special companies specifically dedicated to acquiring and winding down fossil fuel assets.
Covid-19 led to a sharp rise in the production of single-use plastics, a significant proportion of which end up in the world’s oceans. With the pandemic gradually being brought under control, emerging markets are now stepping up efforts to tackle marine pollution.
Around the world, emerging nations with significant maritime resources are advancing plans to develop their respective blue economies, with a view to boosting short-term recoveries from coronavirus as well as longer-term economic diversification.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
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