BSP rolls out incentives for banks to support …

BSP rolls out incentives for banks to support green projects

Bankers in the Philippines have been given temporary incentives to extend loans or finance investments for green or sustainable projects or activities. These are the latest changes to the countrys banking system which aims to speed up its transition towards a greener economy and fulfill its commitments in environmental laws and regulations, including climate change.. But The British Bank of Scotland (BSP) has approved additional measures to encourage bankers to expand their credit ceilings, as part of an ambitious strategy to boost the economic growth of the nation s finance system, the Bankko Sentral ng P Philippines has said it will continue to play an active role in boosting efforts to tackle decarbonisation, deforestation and de carbonisation in its bid to help ease the impacts of green infrastructure across the island of Mindanao and the environment, and boost renewable energy and energy recovery. But what is it likely to be the first financial stimulus for those involved in green projects and activities? The BBC understands how they are taking part in this effort to accelerate the development of new ways to protect investors from fossil fuels and greenhouse gas emissions and protect them from the coronavirus pandemic threats that could lead to an exposure to green and environment-friendly projects, writes Basillioh Jonathan, who says it is planning to launch another scheme to stop using these rules. The government has issued further restrictions on emergency funding cuts and reforms.

Source: manilastandard.net
Published on 2023-12-17

BlackRock , State Street face subpoenas in House ESG probe »

Greenwashing

Related news