Environment
Sources say that the Indian central bank has deferred its plan to require banks to disclose climate risks.
Three sources familiar with the discussions said that India's central banks has put off plans to require domestic lenders to disclose climate risk and manage it. Financial institutions are required to disclose climate-related risks, and make green investments as part of the global effort to transition to a low carbon economy. This is true in countries such as Japan, but also in the UK. Since the reelection of U.S. president Donald Trump, however, the global focus on climate risks has diminished. Banks and financial institutions were expected to be required to disclose regularly climate-related risk in their loan portfolios as...