This covers the key findings and recommendations of Fair Finance Asia’s new regional study which focuses on the role of the Asian financial sector in the region’s just energy transition.
Overall, the Fair Finance Asia network calls on:
- Financial institutions operating in Asia to urgently stop coal financing and align their policies and practices with the Paris Agreement and the 1.5 degrees Celsius scenario.
- Asian financial regulators and policymakers to implement smart, mandatory policies to end fossil finance, and reorient flows towards a just transition that upholds the rights and well-being of local communities.
- Civil society organizations in Asia and globally to work together more collaboratively in monitoring the progress of the financial sector’s commitments and initiatives in moving away from fossil finance and towards just transition.