COP29 talks – running into overtime – concluded over the weekend with a signed deal to triple the amount of money to help poorer nations climate-proof their economies, but the promised funding falls short of the trillions of dollars developing countries say they need. A deal on Article 6 was also sealed.
Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked early on and transition credits – being trialled in the Philippines – may not apply. Updates on the pending transaction are expected at COP29.
Private investment in conservation is always welcome but the evidence suggests governments will need to do the heavy lifting when it comes to repairing nature.
Oleh
Dr Yung En Chee dan
Professor Euan Ritchie
It is risky to assume the many high-level standard-setting initiatives today can provide blanket improvements. Asian businesses all have a part to play to create a trusted carbon market that benefits climate, nature and stakeholders.
Oleh
Jessica Cheam dan
Liang Lei
Enshrining free, prior and informed consent in Malaysian law can improve the credibility of carbon projects. In the meantime, carbon conversations must include Indigenous voices and wisdom.
Oleh
Samantha Ho
As the only multilateral institution charged with maintaining global financial and fiscal stability, the IMF’s role is critical for addressing climate change.
Oleh
Mohamed Nasheed dan
Rakesh Mohan
There is consensus that coal needs to be retired early in Asia, but the mechanisms for financing the phase-out are not clear. This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean power.
Eksklusif
In this exclusive interview to mark Earth Day, Eco-Business speaks to Dr Sylvia Earle, oceanographer and founder of Mission Blue, who draws the link between our climate crisis and the health of our oceans.
Studio EB
About four out of every five people impacted by sea-level rise by 2050 will live in East or Southeast Asia, creating an urgent need climate-smart solutions for cities. This year’s Innovate4Climate summit will look at the climate-smart solutions the region needs.
The IPCC's climate warning is an opportunity for the business world to show leadership, said UNDP's Achim Steiner in the opening speech at the Responsible Business Forum in Singapore.
Studio EB
With alternatives such as sustainable aviation fuel still too expensive and low in demand for the aviation industry to consider, carbon offsets could be a way to reduce emissions – if used right. EcoSecurities and the International Air Transport Association tell the Eco-Business podcast how airlines can ensure compliance when new regulations become mandatory
Eco-anxiety is a healthy psychological response, says 24-year-old activist Clover Hogan. The founder of nonprofit Force of Nature tells the Eco-Business Podcast how to respond to anxiety in a world that is "numb" to the climate crisis.
GoTo sustainability head Tanah Sullivan tells the Eco-Business Podcast that regulating net-zero claims would decarbonise Southeast Asia faster. Indonesia's biggest internet firm aims to cut emissions to zero by 2030 — a target critics say is unrealistic.
Studio EB
[The EB Podcast] In the third episode of the series Tomorrow’s cities: Engineering the energy transition, we explore how the shipping industry is charting a course to a low-carbon future.