ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

MUFG to help ASEAN adopt tech for slower shift away from carbon

Japanese bank plans lending criteria less stringent than EU's

ASEAN, heavily reliant on fossil fuels, will need funding to upgrade facilities to achieve carbon neutrality.    © Reuters

TOKYO -- Japan's MUFG Bank will work with other lenders to finance projects that will help Southeast Asia's exit from fossil fuels using transitional technologies more suited for the region's own economic needs. 

Under so-called transition financing, the top Japanese bank and peers will use a list of transitional technologies compiled by an independent think tank to make investment decisions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more