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HOCK LOCK SIEW

Transition finance given the coal shoulder

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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

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