More than 200 “globally significant” financial institutions now have coal exit policies, almost double the number in 2019. However, new announcements from banks, insurers, pension funds and asset managers quitting coal slumped in 2022, a year that saw significant economic headwinds and continued energy market volatility. Only five firms holding assets of at least US$10 billion made coal exit pledges. 

Professor Paul Burke, Head of the Arndt-Corden Department of Economics at Australian National University’s Crawford School of Public Policy weighs in on how coal exit strategies and efforts are working out. 

This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg)