Renewpower was newly incorporated in January 2012 with the goal of building an enduring, world–class advisory, service and technical implementation firm based in the APAC region for clients around the globe. Since it’s founding, Renewpower has established a notable presence throughout the APAC region. Renewpower’s operational headquarters are based in Thailand.
The green financing market in Asia is growing rapidly. In 2021, the region saw a record $52 billion in green bond issuance, up from $30 billion in 2020. This growth is being driven by a number of factors, including increasing government support, growing awareness of climate change, and the availability of green financial products.
Government support is one of the key drivers of the green financing market in Asia. Governments in the region are increasingly issuing green bonds and providing other forms of financial support for green projects. For example, in 2021, the Chinese government issued a record $16 billion in green bonds.
Growing awareness of climate change is another factor driving the growth of the green financing market in Asia. As people become more aware of the threat of climate change, they are demanding that businesses and governments take action. This is leading to increased investment in green projects, which are seen as a way to reduce greenhouse gas emissions and mitigate the effects of climate change.
The availability of green financial products is also helping to drive the growth of the green financing market in Asia. There are now a number of green financial products available in the region, including green bonds, green loans, and green equity. These products make it easier for businesses and governments to finance green projects.
The green financing market in Asia is expected to continue to grow in the coming years. The region is home to a number of fast-growing economies, and these economies are increasingly looking to green their growth. This is leading to increased demand for green financial products.
Here are some of the key trends in the green financing market in Asia:
- The growth of green bond issuance: Green bond issuance is expected to continue to grow in the coming years. In 2022, the Asia-Pacific region is expected to account for around 40% of global green bond issuance.
- The development of new green financial products: There are a number of new green financial products being developed in Asia, such as green loans, green equity, and green insurance. These products are making it easier for businesses and governments to finance green projects.
- The increasing role of international organizations: International organizations, such as the Asian Development Bank and the World Bank, are playing an increasingly important role in the green financing market in Asia. These organizations are providing financial support for green projects and helping to develop the green financial market in the region.
The green financing market in Asia is still in its early stages, but it is growing rapidly. As the region continues to grow and develop, the demand for green financial products is expected to increase. This is a positive development, as it will help to accelerate the transition to a low-carbon economy in Asia.
Renewpower provide advisory services, business development and project execution solutions in connection with a number of technology classifications such as electric mobility, buses, taxis, trucks, marine, mining , agricultural applications and port machinery. In addition, Renewpower provide other services including policy advisory and strategy to government initiatives in carbon emission reduction, renewable energy, waste management, and waste-to-energy conversion.