Asian Banks ‘Fall Short’ on Decarbonisation Efforts, Study Says


Source: asiafinancial.com asiafinancial.com

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A review of 32 banks throughout East and Southeast Asia showed none had made any clear commitments or adequate implementation plans to meet the goals of the Paris climate agreement 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 institutions across the world to mobilise more finance to help achieve global climate goals and to seek innovative ways to pay for...