MUFG to Fund Projects That Help Asean Exit Carbon- Asia Financial News

MUFG Bank, Japan’s largest bank, plans to tie up with other lenders to fund projects that will enable Southeast Asian nations exit fossil fuels, Nikkei reported.

The Japanese lender, along with its partners, plans to deploy a range of transitional technologies put together by Jakarta-based Economic Research Institute for ASEAN and East Asia (ERIA), a think tank. Seven of the 10 Asean nations plan to become carbon neutral by 2050 and the others by 2060.

Read the full report: Nikkei

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Tags: ASEAN

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.