Carbon accounting and sustainable finance: The new way forward

Today’s world is at the crossroads of challenges and opportunities. We are more than half-way into the implementation of the 2030 Sustainable Development Goals. In addition, we are also committed to comply with the Paris Agreement by 2030. However, as the world economy has been hit Many countries are experiencing major food and energy crises due to high inflation following the Russian invasion in of Ukraine and, at the same time, the conflict has also triggered a surge in demand for coal. Both the pandemic and conflict have also prompted communities to shift towards sustainability and renewal energy. For example: the Ukraine conflict is also acting as a catalyst for Europe to rapidly shift away from fossil fuels. In this global context, interlinking the social, environmental, and economic dimensions of development has become paramount and the need for sustainable finance is even more necessary than before to support greener, inclusive, and resilient economic development. by two back-to-back events, such as the global pandemic and the Russia-Ukraine military conflict, the global effort for advancing sustainable development, including determination to fight back against climate change, has also faced a setback.