More than half of surveyed companies also plan to tap blended finance as the region confronts an estimated US$400 billion annual investment need to reach net zero and expand solar and wind, which supply just 4 per cent of the region’s electricity, Standard Chartered says.
A new scientific analysis warns that climate change is rapidly shrinking the safe temperature window for the Hajj pilgrimage in Mecca, raising the risk of heat-related illness for millions of pilgrims.