As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.

独家 The Securities and Exchange Commission said it will be conducting a market readiness study on firms this year and adopt a “transitional approach” towards requiring listed firms to disclose their environment, social and governance credentials.

With clean energy financing doubling that of fossil fuels in 2024, Simon Stiell calls it a "money-making opportunity" that is "too big to ignore". Meanwhile, only 12 nations have submitted new climate plans ahead of the 10 Feb deadline.

Those who responded to a public consultation called for the carbon levy not to be eroded by allowances and for more transparency. Last year, petrochemical firms reportedly received up to 76 per cent in rebates for near-term carbon taxes.