The 26 August flash floods on the Nepal-China border wiped out or badly damaged 281 megawatts of installed capacity and damaged 388 MW under construction in Nepal, with losses estimated to be hundreds of billions of Nepali rupees. With transmission lines on the Trishuli riverbank washed away, another 150 MW of power is cut off from the national grid.
The Philippines’ data centre push faces scrutiny as power shortages, high resource demands and geopolitical risks raise questions over whether they offer the best path for sustainable economic growth.
The dangerous flooding in Nepal and Tibet has demonstrated, once again, the need for prearranged disaster-risk financing to prepare for the economic chain reactions triggered by natural disasters. Asia's policymakers must act now to help cash-strapped Nepal and strengthen other countries' resilience before the next crisis hits.
Oleh
Yasuto Watanabe
Southeast Asian countries are seeking to adopt some measure of autonomy in the AI technology competition between China and the US. The question is whether such efforts can be successful.
Oleh
Tran Nguyen dan
Tobias Burgers
Mineral security is not just about access to resources but about control over value chains. India’s response must be strategic, not reactive.
Oleh
Animesh Ghosh dan
Soumit Pandey
Studio EB
As Malaysia forges ahead with its 2050 net zero climate ambition, businesses must reshape their supply chains for a low carbon future. This Eco-Business video looks at how SMEs can adapt to new sustainability reporting requirements.
In this wide-ranging fireside chat moderated by Eco-Business CEO Jessica Cheam, AIA Group's chief investment officer Dr Mark Konyn asserts there is “no U-turn” among corporates invested for the long term, even as political regimes change amid a new world order.
Studio EB
Amid fresh debates about what corporate purpose should be, there is mounting evidence that corporate purpose leads to stronger brand reputation, better talent attraction and more resilience, leading to improved financial performance.
Critical minerals will be central to this year’s Asean meetings, said environment assistant secretary Noralene Uy, as the Philippines ushers the region towards domestic processing as summit chair.
The Asia Pacific ESG head of the B Corp-certified cosmetics firm says refill stations have been disappointing and getting suppliers on board with decarbonisation is difficult, but her team has not been affected by the ESG backlash.
The chief of a Manila-based nonprofit that advocates for climate finance transparency tells the EB Podcast that so-called Filipino resilience to natural disasters should not be an “excuse” for developers to dodge accountability for substandard flood control projects.
In the second episode of 'On the frontlines', power firm CLP's group sustainability director Rosenthal talks to the EB Podcast about the challenges of steering sustainability in a carbon-heavy industry, closing coal plants and the need for pragmatism.