Private sector banks can play a pivotal role in financing the transition to a low-carbon, sustainable future — and they face growing political, market and social pressure to do so.
Australia’s Northern Territory has unveiled a new target of net-zero carbon emissions by 2050 in a policy document that touts solar and backs a proposed 10GW/20-30GWh solar-plus-storage plant earmarked to provide energy to the region and Singapore.
As China looks to develop its 14th Five-Year Development Plan, the country has a great opportunity to shift toward a higher-quality and lower-carbon economic development strategy. While China has a relatively high annual GDP growth rate compared with the rest of the world, that growth has been slowing.
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