Civil society groups say the bigger totals do not automatically translate into the adaptation and loss and damage support developing countries need, and warn that the World Bank’s climate retreat further weakens ambition across the multilateral development bank system.
Studio EB
Floods, blackouts and overstretched transport systems are exposing a deeper challenge. Across Asia, governments and investors are beginning to write a new playbook, one that moves beyond incremental fixes towards structural transformation.
The Pan‑Asia Power Grid Initiative (PAGI) is designed to stitch together existing blocs, like the Asean Power Grid and South Asian grid projects. But civil society groups warn that the bank’s grand regional vision sits uneasily with its continued backing for fossil fuels.
Eksklusif
As the Philippines prepared to release its updated nationally determined contributions in April, officials ordered further consultations after the Middle East crisis severely disrupted the country’s oil and gas supply, said Romell Cuenca, deputy executive director of the Climate Change Commission.
Even as political denial and regulatory paralysis grip parts of the West, a different message has been resounding across Asia – it is not retreating, but rising to the occasion.
Oleh
Jessica Cheam
With one of the weakest carbon taxes globally, the region’s largest economy risks becoming the world's leading enabler of carbon leakage, where emissions aren't reduced, just outsourced to nations with weaker policies.
Oleh
Rizka Nugrahaeni
The financing gap is huge, but time is short. Given the inadequacy of a promised new climate finance goal, Southeast Asia should look beyond UN-led conferences to crowd in other sources of capital to tackle the climate crisis.
Oleh
Prapimphan Chiengkul
Following the letdown of COP29, Asean needs to step up and lead the way in controlling emissions from Southeast Asia’s agri-food system.
Oleh
Elyssa Kaur Ludher dan
Paul Teng
Yeb Saño, head of the Climate Change Commission of the Philippines, attributes typhoon to climate change and calls for international community to implement a 'loss and damage' mechanism
Government must call on development finance institutions to tap on risk management tools to make the capital-intensive technology more investible, Global Wind Energy Council’s Ann Margret Francisco tells the EB Podcast.
At the close of COP30, nations agreed to triple adaptation finance by 2035, while the fund for loss and damage appeared to remain sidelined. Lidy Nacpil, a long-time attendee of the climate conference, explains why.
Southeast Asian energy ministers will meet in October to discuss the future of the region’s power grid. GEAPP’s Kitty Bu tells the Eco-Business podcast what areas they must collaborate on, and how finance and industry can help.