Asia quadruples financing for pollution-fighting projects

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

20220413 Sunseap

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.

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