Biggest polluters need ‘breathing space’ to reform, DBS says

Major polluters need support to develop credible plans to curb emissions instead of being held to unrealistic demands for reforms, according to DBS Group Holdings Ltd., Southeast Asia’s largest lender.Coal still accounts for almost half of total energy supply in the Asia-Pacific region, and sectors including shipping and steel-making continue to face challenges in decarbonizing quickly.

“We need to give everyone a bit of breathing space to develop transition plans,” Helge Muenkel, the bank’s chief sustainability officer, said in an interview…