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For banks that backed PH coal boom, the path to renewable energy comes with roadblocks


For banks that backed PH coal boom, the path to renewable energy comes with roadblocks
Banks in Asia and the Philippines are moving at a snail’s pace in defunding coal. At least 10 Philippine banks gave $841 million in loans and participated in $1.3 billion worth of underwriting activities involving at least five coal companies since the 2015 Paris climate agreement.
BY KAROL ILAGAN
June 29, 2021 | 07:00:00 AM
 
In 2017, a network of more than 100 organizations filed a landmark climate complaint against the International Finance Corp. (IFC), the private sector arm of the World Bank. 
The Philippine Movement for Climate Justice (PMCJ) accused the IFC of contributing to the climate crisis as it had funded 19 coal power plants across the Philippines through a local bank, the Rizal Commercial Banking Corp. (RCBC), the ninth largest bank in the country in terms ....

France General , United States , Philippine Islands , Philippines General , Davao City , Republic Of , Ramon Ang , Department Of Energy , District Of Columbia , San Carlos , Negros Occidental , World Bank , Sagay City , Lyn Javier , Eian Rivera , Bangko Sentral , Khevin Yu , Gerry Arances , World Bank Group , Ayala Corp , San Miguel Corp , Aboitiz Power Corp , Philippine Movement For Climate Justice , Banker Association Of The Philippines , International Finance Corp , Rizal Commercial Banking Corp ,

Funding Asia's trillion-dollar infrastructure needs


Funding Asia s trillion-dollar infrastructure needs
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Funding Asia s trillion-dollar infrastructure needs
Asia will need tens of trillions of dollars in infrastructure investments over the next decade. Money Mind looks at how the region’s bond markets can step up to the plate to help finance this.
A construction worker seen at a construction site in Singapore on May 18, 2020. (File Photo: Calvin Oh)
29 Jun 2021 01:21PM)
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SINGAPORE: Roads, water and sewage systems, ports, and railway lines. These are some big-ticket infrastructure items that all countries in Asia will need to invest in to maintain growth momentum, tackle poverty and respond to climate change. ....

Alfonso Garcia Mora , Manpreet Gill , Clifford Lee , Pacific At International Finance Corp , Standard Chartered Private Bank , Asian Development Bank , International Finance Corp , Singapore Government Securities , Significant Infrastructure Government Loan Act , Standard Chartered Private , அல்போன்சோ கார்சியா மோரா , மன்பிரீத் கில் , கிளிஃபோர்ட் லீ , தரநிலை பட்டய ப்ரைவேட் வங்கி , ஆசிய வளர்ச்சி வங்கி , சர்வதேச நிதி கார்ப் , சிங்கப்பூர் அரசு பத்திரங்கள் , குறிப்பிடத்தக்க உள்கட்டமைப்பு அரசு கடன் நாடகம் , தரநிலை பட்டய ப்ரைவேட் ,