As negotiators at COP27 failed to agree on a global coal phase-out, Kuala Lumpur-based CIMB Group pressed ahead with its plans to exit coal, after first announcing such commitment in 2020 saying it was the first lender in Malaysia and Southeast Asia to do so.
Most experts agree that if countries do not stop burning the dirtiest of fossil fuels, the goal of keeping global heating below 1.5°C, or even 2°C, above pre-industrial levels will be impossible.
