Sunday, 26 September 2021 03:05 GMT

Finance companies to shut coal factories in Asia


(MENAFN) The BBC was informed that some of the world's main fiscal institutions are planning to hasten the shutting of coal-fired power plants in Asia.

The proposal was initiated by UK insurer Prudential, is being driven by the Asian Development Bank (ADB), and comprises main banks HSBC and Citi.

The ADB anticipates that the plan will be ready for the COP26 climate meeting which is being held in Scotland in November.

The proposal plans to deal with the major human-made source of carbon releases.



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.