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EU authorities had pulled the plug on the ECB adopting such a policy in 2023.
UOB confirms ability to finance coal plants, OCBC plans to revise climate policy to accommodate sector.
Dried lake, climate change
Kiwi supervisor reworked NGFS scenarios to add increased severity of physical and transition climate risks.
Central bank body also found emerging market banks more upbeat about the cost of transition plans than developed market peers.
The move could see the East African country become a leader on climate supervision.
Magnifying glass wind turbine
The minimum capital requirements for banks are also being reviewed for climate additions.
Separately, the ECB has published research on different types of carbon emissions regulations and what these could achieve,
Leaked documents have signalled the direction of future EU prudential rules around climate.
India flag flying
India is currently behind its peers on the development of a green taxonomy.
It follows a period of study on the topic building on the Bank’s 2021 climate change adaptation report.
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