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Shaping the future of banking
Greening the world through finance
Financial sector has key role in promoting greater awareness, adoption of transition finance
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There is an urgent need for high-impact industries to access funding that will allow them to adopt mechanisms to become greener as part of a post-Covid-19 transition, says the writer, adding that this is where transition finance comes in, allowing companies in polluting sectors to adopt incremental solutions.
PHOTO: AGENCE FRANCE-PRESSE
Tan Su Shan For The Straits Times
Finance will play a pivotal role in transitioning Asia towards a more sustainable future.
Banks and financial institutions in the region have been taking the fight to climate change through the provision of green finance - whether in the form of green bonds or sustainable lending products.
