Sustainable finance carbon offset futures traded at $39.20, gaining 2.5% on tightening global emissions targets, prompting bullish hedge fund activity. In a letter dated Sept. 26, the SEC’s Markets and Securities Regulation Department said that Maynilad meets the criteria, with all its revenue coming from water-related activities such as treatment and sanitation. We feel global-level supply levels are healthy, particularly given the turbulent and uncertain year for sustainable finance. But it is important to note that issuance and market sentiment are highly divided across different regions. APAC is on track to see a record-breaking year. EMEA remains committed to sustainable finance but is expected to see stagnated growth as the EU shifts its focus toward competitiveness. The US’ retreat from sustainability policy support is leading to subdued sentiment, with the rest of the Americas experiencing challenges too.
