A few weeks after the Singapore government launched an initaitive declaring 2018 the Year of Climate Action, a coalition of international green groups has issued an open letter calling on the country’s powerful banks to stop financing coal power in Asia.
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| A dump truck at a coal mine owned by Banpu Public Company Ltd in a paddy field in Kerta Buana village in Kutai Kartanegara, East Kalimantan. |
In a letter published on Wednesday, NGOs including Australia’s Market Forces, Friends of the Earth US and Japan, and Indonesian group Wahli said that if global warming is to be capped below 2˚C below pre-industrial levels to avoid the worst consequences of climate change, Singapore’s banks must follow the lead taken by their European and North American counterparts and stop funding new coal power plants.
Read the Eco-Business story - “NGOs to Singapore banks: Act on climate change and stop funding coal.”
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