A simpler solution is needed in tracking financed emissions from early coal retirement
SUSTAINABLE finance in South-east Asia looks set to be entering its next phase as major banks shift their stance slightly on how they plan to phase out coal financing.
HSBC, Standard Chartered and Bank of America are looking to be part of a deal that brings forward the closure of the Cirebon-1 coal-fired power plant, which would be Indonesia’s first early coal retirement deal if it goes through.
Singapore’s largest lender DBS also recently announced that it is currently working on such a deal after tweaking its coal financing policy to accommodate the early retirement of coal-fired power plants.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Singapore offices await a new wave of tenants
Musk has made Tesla a meme stock
The dog ate Japan’s plan to phase out coal power
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Last rides and last rites: The rise of the limousine hearse
Beyond US aid, Ukraine needs European allies to step up