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Asia quadruples financing for pollution-fighting projects

Singapore, Philippine and other governments help region catch up to Europe

Sunseap solar panels cover a block of apartments in Singapore. Sunseap has received special low-interest loans to build environmentally friendly infrastructure.   © Reuters

TOKYO -- Asia has eclipsed Europe when it comes to lending to projects designed to directly lessen pollution, with $56 billion extended to such projects in 2021, up more than fourfold from the previous year, according to statistics compiled by Environmental Finance Data.

Up until last year, Europe had been leading the world in lending to such projects.

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