ADB eyes ban on coal, oil and gas support, warned to proceed “with care”

  • Date: 12-May-2021
  • Source: Global Trade Review
  • Sector:Oil & Gas
  • Country:Gulf
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ADB eyes ban on coal, oil and gas support, warned to proceed “with care”

The Asian Development Bank (ADB) has announced plans to ban financing of coal mining and power plants, as well as upstream oil and gas activities. But the bank has been urged to proceed with caution and avoid abandoning countries that continue to rely on fossil fuels for energy and exports. In a new draft energy ...

The post ADB eyes ban on coal, oil and gas support, warned to proceed “with care” appeared first on Global Trade Review (GTR).

The Asian Development Bank (ADB) has announced plans to ban financing of coal mining and power plants, as well as upstream oil and gas activities. But the bank has been urged to proceed with caution and avoid abandoning countries that continue to rely on fossil fuels for energy and exports. In a new draft energy ...