Indian banks are highly exposed to risks attached to investments in the electricity and metals sectors, with public sector banks most exposed to the conventional energy sector, indicates a recent report from a think tank.
At least 19 new gas fields in Southeast Asia have been sanctioned for development but these activities, as well as further oil and gas exploration, are incompatible with scientific consensus on climate change, said Global Energy Monitor.
The steel industry has made a ‘pivotal’ shift towards lower-carbon forms of production, a new report says, but remains short of a 1.5°C-compatible pathway.