Setting tougher limits on coal financing

A truck carries coal at PT Adaro Indonesia coal mining in Tabalong, Kalimantan island, on Oct 17, 2017. PHOTO: REUTERS
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While financing of coal-fired power stations looks set to continue in South-east Asia, some banks are setting more stringent limits on what they will fund, with the emphasis being on more efficient and lower-emissions technology.

And those limits can prompt banks to back out of deals.

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A version of this article appeared in the print edition of The Straits Times on March 12, 2018, with the headline Setting tougher limits on coal financing. Subscribe