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World Bank still backs coal in Asia, despite climate claims, report reveals

The World Bank continues to indirectly finance some of Asia’s largest coal developers despite its pledges to stop doing so and align with the Paris Agreement, according to a new report from environmental and economic watchdogs. The report, by Inclusive Development International, Recourse and Indonesia-based civil society organization Trend Asia, shows that the World Bank’s […] ....

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Experts see red over Indonesia's planned green investment label for coal plants

JAKARTA Indonesia’s move to categorize coal-fired power plants for industry as sustainable has sparked criticism from energy and finance observers, who say it goes against the scientific evidence. The country’s financial regulator, the OJK, is in the process of revising the country’s Green Taxonomy, a framework defining what kinds of investments may be considered […] ....

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