SINGAPORE (March 13): A group representing financial market regulators in the Association of Southeast Asian Nations (ASEAN) plans to introduce a common standard for so-called “green bonds”.

These are to be issued within capital markets of this region, potentially unleashing more financial muscle for environmentally-friendly projects.

ASEAN’s green bond standards will be in line with the Green Bond Principles (GBP) of the International Capital Market Association (ICMA), states the ASEAN Capital Markets Forum (ACMF) on March 13, following its 26th meeting held in Kuala Lumpur.

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