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OCBC working to amend coal policy to finance early retirement projects

Southeast Asia’s second-largest lender is likely to join rival DBS in backing a managed coal phase-out in line with the Singapore-Asia Taxonomy’s criteria. But it remains unclear if the updated coal policy will be 1.5°C-aligned.

ocbc-working-to-amend-coal-policy-to-finance-early-retirement-projects

Southeast Asia’s second-largest lender is likely to join rival DBS in backing a managed coal phase-out in line with the Singapore-Asia Taxonomy’s criteria. But it remains unclear if the updated coal policy will be 1.5°C-aligned.