The renewable energy resource, which has received loan financing for exploration and early-stage drilling, could help shield the country from energy security risks brought about by the conflict in the Middle East, said Philippine energy secretary Sharon Garin.
The closure is seen as a removal of a dedicated public sector platform for government-led small scale renewable energy projects, reinforcing the tilt toward private driven deployment, says a climate think tank.
The proposed document will unify the central bank and securities commission’s existing taxonomies, as well as align the national sustainable finance taxonomy with Asean's.
Carbon credits to be tabled under Malaysia’s new climate change bill should serve as a bridge towards decarbonisation rather than a substitute for it.
Oleh
Renard Siew
Philanthropy's impact depends less on the amounts raised and more on how effectively it connects people and organisations working to build a sustainable blue economy.
Oleh
Shaun Seow
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.
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.
Studio EB
Investors are starting to feel the effects of climate change in an unexpected place – their financial returns. There are now growing calls within the business community to improve the quality and coverage of climate risk disclosure.
After 20 years without electricity, more than 50 households in Cebu's poorest district have been provided with solar energy, financed by carbon offsets.
Eksklusif
The economist and president of the UN Sustainable Development Solutions Network told the Eco-Business Podcast how China’s green industrial and financial capabilities can help accelerate Southeast Asia's transition to net zero.
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.
Trump 2.0 may prove to be a "bump in the road" for climate action, but banks and investors in Asia see growth and opportunity in the region for decarbonisation as climate risks grow.
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.