Public finance institutions globally have directed nearly US$22 billion into liquified natural gas projects between 2013 and 2025, leveraging green financing frameworks to tag 36 per cent of it as environment-friendly investments, found a new report by Maritime Beyond Methane.
President Ferdinand Marcos, Jr on Monday bared the finding of the reservoir that could boost the country’s energy supply, but environmentalists warn that it skipped cost-benefit analysis that may cause irreversible ecological damage.
Thirty-six international banks, including Japanese and Singapore funders, are closer to following the trajectory of the International Maritime Organization’s emissions goal, found a report by the Poseidon Principles.