National Australia Bank and the Commonwealth Bank of Australia announced initiatives to support the nation 's transition to a low carbon economy . The National Australia Bank said it will lend AU$18bn to fund renewable energy projects and infrastructure until 2020 , which includes low - carbon buildings and transport . The Commonwealth Bank of Australia said it is considering environmental risks in loan and loan approvals and encouraging due diligence in high impact sectors . Last month , ANZ Banking plc pledged to lend AU$10bn to finance projects that will cut greenhouse gases , and ended its support for new coal - fired power stations which are not using carbon capture technologies to reduce CO2 emissions .
National Australia Bank and the Commonwealth Bank of Australia announced initiatives to support the nation's transition to a low carbon economy. The National Australia Bank said it will lend AU$18bn to fund renewable energy projects and infrastructure until 2022, which includes low-carbon buildings and transport. The Commonwealth Bank of Australia said it is considering environmental risks in loan and credit approvals and strengthening due diligence in high impact sectors. Last month, ANZ Banking Group pledged to lend AU$10bn to finance projects that will cut greenhouse gases, and ended its support for new coal-fired power stations which are not using carbon capture technologies to reduce CO2 emissions.