（原标题：迪拜金管局与香港金管局合办第二届联合气候金融会议） 阿通社11月26日消息，迪拜金融服务管理局与香港金融管理局在迪拜举办第二届联合气候金融会 议，吸引两地近 250名嘉宾线上线下参加。会议重点讨论双方联合研究报告《扩大新兴市场可持续债务 市场规模》的成果（由彭博新能源财经提供研究支持），探讨可持续债务工具在推动新兴市场气候资金 方面的作用，并展示利用金融创新加速绿色转型的潜力。 ...

Core Insights - The report by Bloomberg New Energy Finance highlights that innovation and regulatory support are crucial for the growth of sustainable debt in emerging markets, which is essential for bridging the multi-trillion-dollar climate financing gap [1][10]. Group 1: Current Market Trends - In 2024, the issuance of labeled sustainable debt in the MENA and Asia-Pacific regions reached a record high, but it slowed down in 2025 due to changing perceptions regarding the advantages of labeled debt, including impacts on pricing and reporting costs [2][6]. - The pricing advantage of labeled debt is diminishing, with some issuers even paying a premium for green debt, indicating a shift in market dynamics [6]. Group 2: Regulatory Support and Innovation - Regulatory bodies can help reduce barriers faced by issuers by providing solutions such as offsetting labeling costs and creating a clear regulatory environment for labeled debt issuance [6]. - The Hong Kong government has implemented a subsidy program for green and social issuers, with over 620 sustainable debt instruments issued by mid-October 2025, totaling more than $170 billion [6]. Group 3: Growth Opportunities - Labeled debt currently represents only 2.6% of the debt market in emerging economies, highlighting significant growth opportunities [6]. - Social debt, which has only accounted for 8% of total issuance since 2020 in emerging markets, presents strong growth potential, with countries like South Korea and Japan leading the global social bond market [7]. Group 4: Innovative Structures - Issuers are exploring innovative structures beyond traditional labels and terms, such as blue bonds and sustainability-linked loans, which can attract capital to underfunded areas like marine ecosystem protection [7][9]. - The issuance of ultra-long tenor green bonds, such as the 30-year green bond by MTR Corporation, demonstrates strong investor demand for long-term debt instruments [9]. Group 5: Industry Perspectives - The collaboration between the Dubai Financial Services Authority and the Hong Kong Monetary Authority aims to enhance the sustainable debt market, reflecting growing investor confidence and the resilience of the market [10][11]. - The report emphasizes the importance of sustainable debt as a financial tool to address the climate financing gap in emerging markets, with Hong Kong positioning itself as a sustainable finance hub [10].

Core Insights - The research report by the Hong Kong Monetary Authority and Dubai Financial Services Authority highlights the significant growth potential of the sustainable debt market in the Middle East, North Africa, and Asia-Pacific regions [1][2] - The report emphasizes the need for governments to support issuers by offsetting issuance costs and providing guidance to overcome market entry challenges [1] - The study showcases innovative sustainable finance examples, including blue bonds and sustainability-linked loans, demonstrating the evolution of sustainable debt instruments [1] Group 1 - The sustainable debt market is projected to reach $94 billion in issuance by 2024, indicating increasing investor confidence and market resilience [2] - Hong Kong aims to be a sustainable finance hub, facilitating 45% of international green bond issuance in Asia, while addressing the climate funding gap in emerging markets [2] - The report aims to identify barriers faced by issuers and explore growth opportunities in the sustainable debt sector [2] Group 2 - The collaboration between the Hong Kong Monetary Authority and Dubai Financial Services Authority is expected to enhance trust and transparency in financial markets through sustainable debt [2] - A joint climate finance conference will be held in Dubai on November 26, where key findings from the report will be discussed [2] - Bloomberg New Energy Finance serves as a knowledge partner for the report, contributing insights into the sustainable debt market's potential [1]