Although they are also increasing their investments into climate solutions and transition finance, few have a plan to address high-emitting sectors, including fossil fuels, a new study by the Asian Investor Group on Climate Change found.
Asian institutions are caught between pressure to follow returns from fossil fuels and the risk of climate-related litigation, the latest survey of investment decision makers found.
Government-backed scheme will fund low-carbon cooling and optimisation technologies as rising AI-driven electricity use raises concerns over emissions, water consumption and grid strain.
The Transmutation Principle CEO Thibaut Meurgue-Guyard cites ESG backlash, corporate retreat from decarbonisation and burnout among sustainability professionals …