Indonesia to Make Green Financing Compulsory for Banks by 2018

  • Regulator to draft Green finance regulations by next year
  • Eight banks to take part in pilot project for palm oil finance

Indonesia’s financial regulator will introduce rules to restrict banks’ lending to environmentally-damaging projects by 2018, which may eventually help the nation curb the forest fires that choke parts of Southeast Asia with thick haze for months each year.

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