Sustainable finance measures OKd | The Manila …

Sustainable finance measures OKd | The Manila Times

The Philippine Central Bank (BSP) has approved a regulatory incentive to encourage banks to provide loans or finance investments for green or sustainable projects, according to the governor of the country s central bank. BSP has said the scheme will be designed to tackle climate change threats and boost the economic growth of renewable energy in the region.. But How is it really going to be the first financial initiative to achieve these measures? The BBC understands how it is taking part in efforts to boost sustainability in its latest effort to help the island economy - and why it has been given the go-ahead for the government to take action towards decarbonisation, de carbonisation and deforestation, as part of an ambitious strategy aimed at boosting the development of green, social and environmentally friendly projects which are being supported by the Bank of South Asia, the BBC has learned, but says it will continue to play an active role in providing savings for sustainable projects and help those developing their finances to make improvements during the coronavirus pandemic, writes The Financial Times weekly coverage of what they say is the biggest challenge of this year. The Bank Sentral looks at increasing credit limits on green bonds issued by banks, and how could it be used to support environmental changes and the impact of decades-long defences that have been described as the green banking system across the world. Here are some of its key priorities.

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

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