India's key export industries such as steel could be hit by the EU’s Carbon Border Adjustment Mechanism, which are designed to make sure Europe’s decarbonisation efforts are not undermined by trade partners with weaker pollution standards.
This year's budget, which includes a S$5 billion energy fund and investment sweeteners for sustainability initiatives, is seen as one that will signal the future priorities for the city-state's new generation of leaders.
The United States has committed to put "several millions of dollars" into the global fund to help climate-vulnerable nations, but maintains that contributions should be voluntary and have "nothing to do with compensation and liability".
A new international tax taskforce is exploring tax policies that could finance sustainable development and climate action. This could pave the way for a fair taxation system that would accelerate a just transition.
Oleh
Laurence Tubiana
Moving in the opposite direction from the rest of the world, Indonesia plans to lower its renewable energy ambitions by 2030. The new governing administration needs to make effort to ensure that even the reduced targets are met.
Oleh
Mutya Yustika
The COP28 president needs to deliver his promise to bridge the Global South’s annual US$1 trillion shortfall in climate financing. He can start by endorsing a levy on windfall oil revenues on petroleum states.
Oleh
Gordon Brown
Indonesia wants to increase its use of electric vehicles but tax incentives have had a fairly limited impact. The cost of rolling out public charging stations and other supporting infrastructure is a challenge.
Oleh
Mailinda Eka Yuniza dan
Jonathan Abram Dewanto
At the UN Climate Summit, Hollywood actor Leonardo DiCaprio delivered a stern message to government leaders, telling them to stop ignoring the reality of climate change. Watch his speech here:
"Earth For All" is an update to the landmark 1972 book that warned of our unsustainable growth. Jørgen Randers, the author who worked on both titles, tells Eco-Business what is at stake if we don't fix our broken economic system.
Studio EB
[The EB Podcast] Clean energy is tipped as the solution to Asia's energy trilemma—the need to scale up energy access, but in an affordable and sustainable way. How can technology help the region realise the full potential of clean energy?