Data: Study of 18 central banks and monetary authorities from the Asia-Pacific region conducted in Q2 2019; Chart: Axios Visuals

Most Asian central banks and other monetary facilities say finance into low-carbon areas is important — but most have also not issued any policies on the matter.

Why it matters: Asia is where the biggest growth and most future carbon emissions are coming from, so what monetary organizations there are doing — and not doing — will have an outsized impact on both climate change itself and the transition to cleaner energy sources.

How it works: The South East Asian Central Banks (SEACEN), a group based in Malaysia, sent a survey to its 35 members, associate members and observers, with 18 responding.

What they’re saying:

The current coronavirus crisis will hopefully reinforce the point that the financial sector faces non-traditional risks that need to be mitigated, and that central banks need to develop their prudential frameworks to this effect. We have already missed the opportunity to implement sustainable crisis responses during the 2008-09 crisis. We should not waste another crisis.”
— Ulrich Volz, co-author and expert on sustainable finance at SOAS University of London

What I'm watching: To what degree Asian countries, especially China, prioritize fossil fuels and/or cleaner energy technologies in any economic stimulus packages they consider.

Go deeper

M&A activity falls despite early coronavirus fears

Illustration: Aïda Amer/Axios

In April, several prominent Democrats proposed a moratorium on large mergers and acquisitions. Their argument was that the pandemic would embolden the strong to pounce on the weak, thus reducing competition.

Fast forward: The moratorium never materialized. Nor did the M&A feeding frenzy.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

2 hours ago - Sports

Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.