The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

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

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Category A COE is edging closer to its all-time high of S$128,105.

    COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000

    Eugene Lee, chief marketing officer of Chagee (Asia-Pacific), says that even though tea is the world's second-most consumed beverage, it has not experienced “the same lifestyle elevation or premiumisation” that coffee has.

    ‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027

    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