EnvironmentAsia 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
SATOSHI TEZUKA, Nikkei staff writer
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.