Singapore banks clear up on coal lending policies
Heightened disclosures come as local lenders increasingly scrutinised by NGOs
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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.
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