Co-led by two senior South Pole staff, the Singapore-based Asia Centre of Carbon Excellence seeks to grow nascent decarbonisation projects in the region, such as early coal phase-out, greener shipping fuels and carbon capture and storage.
Last month, Germany became the first major economy to announce that it intends to introduce a target to reach “net-negative” emissions later this century.
The Singapore lender, which has cut a third of its coal exposure since 2021, said that its pledge to cease financing new coal assets remains unchanged. It is still undecided on how to account for this emerging emissions category.
The country’s presumed incoming leaders have said they would continue food estate projects that have caused deforestation, while Prabowo’s coal ties may make it hard for him to advance the energy transition. The public needs to speak up.
Oleh
Firdaus Cahyadi
The Just Energy Transition Partnership is not the triumph the current president claims it is. It is a debt trap. The new president should turn their back on a flawed energy transition legacy and adopt a bolder path towards net-zero that leaves no one behind.
Oleh
Firdaus Cahyadi
Wording of the report's summary reflects the presence of political wrangling – net-zero terminology was prioritised over a mention that there is a need to rapidly reduce greenhouse gas emissions. Feasible solutions were downplayed. This could lead less-informed policymakers to conclude that we can 'just magically plant trees and carry on as usual'.
Oleh
Lindsey Fielder Cook
The collapse of Silicon Valley Bank has left the climate tech community reeling. We need more investment in climate innovation, so how do we fill the gap SVB has left?
Oleh
Amali de Alwis
Gaurav Sant, founder of startup SeaChange, tells Eco-Business about a technology he hopes will give the world's oceans the capacity to absorb additional carbon dioxide from the atmosphere.
Dutch start-up Fastned has awarded the power tech firm the contract to provide fast chargers to over 200 stations nationwide, serving most brands of electric vehicles.
Solar, wind, carbon capture, nature-based solutions—what are the technologies needed to combat climate change? Eco-Business asked clean energy entrepreneur Hendrik Tiesinga where the smart money is going.