SHANGHAI -Banks in Asia are "falling short" when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their countries, according to a study published on Wednesday.
"Asia's banks are falling short in aligning with national decarbonisation policies and are not yet taking the steps necessary to meet global climate goals," ARE said. Of the 32 banks in major economies like China, Japan, South Korea, Singapore and Indonesia, only nine had long-term net-zero commitments for the emissions they finance, while only 13 had policies prohibiting the financing of new coal-fired power.
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Asian banks 'falling short' on decarbonisation efforts: StudySHANGHAI: Banks in Asia are \u0022falling short\u0022 when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their countries, according to a study published on Wednesday (Mar 23). Nearly 200 countries signed a pact in Glasgow last year calling on banks and fina
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian banks 'falling short' on decarbonisation efforts - studySHANGHAI : Banks in Asia are 'falling short' when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their countries, according to a study published on Wednesday.Nearly 200 countries signed a pact in Glasgow last year calling on banks and financial in No kidding. My Singaporean bank keeps on financing coal projects in Indonesia as if there is no tomorrow.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian banks 'falling short' on decarbonisation efforts - studySHANGHAI : Banks in Asia are 'falling short' when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their countries, according to a study published on Wednesday.Nearly 200 countries signed a pact in Glasgow last year calling on banks and financial in No kidding. My Singaporean bank keeps on financing coal projects in Indonesia as if there is no tomorrow.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »