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Indonesia: Climate makes coastlines a credit risk

Jakarta Post: Local banks are set to tighten debt lending, particularly for real estate and property in low-lying coastal areas, an official said recently, due to fears of sea-level rise triggered by climate change. Incentive and environmental funds officer Laksmi Dhewanthi (an assistant to the deputy environment minister) told a seminar recently that many local banks were planning to reassess prices of collateral assets in coastal areas. "Banks are actively seeking details on the ... Read »
Created by sudha1234 Created 18 weeks 6 days ago – Made popular 18 weeks 6 days ago
Category: Environment
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