Real estate firms operating mainly in the region account for most of the companies analysed by MSCI with more than 5 per cent of revenue at risk from heat-related productivity losses.
Coal-dependent countries such as Indonesia and the Philippines should address power systems dominated by existing coal plants, which hinder investment in new geothermal projects, said the Association of Southeast Asian Nations Centre for Energy.
Asean’s official energy outlook, endorsed by its energy ministers on 8 October, reveals a gap between the region’s energy plans and its members’ net-zero pledges, and allows new coal plants to be built even in its lowest-emissions scenario.
Earthshot Prize finalist Satellites on Fire uses AI, satellite imagery and ground data to detect blazes earlier, and is now discussing potential projects in Indonesia as its fires blanket parts of Southeast Asia in haze.