Singapore banks clear up on coal lending policies

Singapore

AS scrutiny increases over their energy lending, the three Singapore banks have raised disclosures on their policies over coal-fired power plants, with all putting on record for the first time that they will stop the financing of new coal-fired power plants that do not run efficiently.

These inefficient plants are ranked as subcritical. Such projects typically have a carbon emissions intensity of more than 850 gram of carbon emissions for each kilowatt hour (850g CO2/kWh) of electricity generated.