The Business Times
business-time-50
HOCK LOCK SIEW

Transition finance given the coal shoulder

google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Tue, May 9, 2023 · 05:50 AM
    • Transition finance has been slow to address the coal challenge, but there are good reasons to be cautious.
    • Transition finance has been slow to address the coal challenge, but there are good reasons to be cautious. PHOTO: REUTERS

    ARE capital and regulations overly cautious when it comes to transition finance?

    That seemed to be the message from India’s Adani Group at the Asian Development Bank annual meeting in Incheon, South Korea, last week.

    Adani chief financial officer Robbie Singh shared during a panel discussion that European banks lacked the courage to fund coal phase-out projects that replaced coal with lower-emissions fossil fuel alternatives.

    Hock Lock SiewESGDecarbonisationCoalsustainable finance

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More