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Editor's Choice

Dear reader,

At the Global Mobility Call world congress in Madrid, Spain last week, the future of sustainable transport was on full display—China-made electric cars used as taxi cabs for mobility as a shared service, a prototype of a hyperloop high speed train system, among others.

European commissioner for transport Adina Vălean said during a keynote address at the conference that Europe has already pledged Є93 billion (US$98 billion) for electric vehicle investment, with Spain pouring Є16.9 billion in grants for green transport.

But before the world can effectively shift to clean energy, global leaders like the United States and China must cultivate cooperation instead of antipathy, international economist Jeffrey Sachs told a 4,500-strong audience at the conference.

At the same time, Asia's role in combatting the biggest problems of our time needs to be recognised, and solutions to social and environmental problems need to come from more homegrown social investors, said Naina Batra, chief executive of Asian Venture Philanthropy Network at Tuesday’s global conference in Bali, Indonesia.

A case in point would be a study which found that if the Southeast Asian region alone spent US$10 billion a year today, rising to US$46 billion by 2030 to address conservation gaps, our biodiversity could help generate ecosystem services worth US$2.19 trillion a year or about two-thirds of the region’s annual gross domestic product.

Meanwhile, high crop prices from wheat and soy due to the Russian-led war in Ukraine are hurting the burgeoning plant-based protein industry, highlighting how intertwined our supply chains and low-carbon ambitions are. No problem in sustainability is easy to solve, it seems, as our troubled world becomes more interconnected.

 

Hannah Alcoseba Fernandez

Editor's Choice

Could the food crisis spur an alternative protein shake-up?

Could the food crisis spur an alternative protein shake-up?

High crop prices could hurt plant-based products, presenting an opportunity for alternatives such as cell-based and fungal options. But they too face supply chain issues and sceptical diners – and none are silver bullets for food security.

Southeast Asia could earn US$2t yearly from protecting nature: report

Southeast Asia could earn US$2t yearly from protecting nature: report

The study called for more funding for projects that restore mangroves, coral reefs and urban greenery, but left room for more detailed country-level analyses.

'We have reached peak greenwashing': what to do about the sustainability marketing tsunami?

'We have reached peak greenwashing': what to do about the sustainability marketing tsunami?

Greenwashing has become a big problem for consumers, investors and regulators. Eco-Business asked expert communicators Janissa Ng and James Lorenz why greenwashing is dangerous, and how to stop spin in sustainability communications.

Indonesian energy bill promotes coal-based fuels as 'new energy'

Indonesian energy bill promotes coal-based fuels as 'new energy'

The draft New and Renewable Energy (NRE) Bill classifies liquified and gasified coal as 'new energy', and is part of Indonesia's efforts to replace petroleum imports with domestic coal.

Mangroves face overwhelmingly negative impacts from climate change in a 2°C warmer world: study

Mangroves face overwhelmingly negative impacts from climate change in a 2°C warmer world: study

While climate change may bring some benefits to mangrove forests, the net effect will be strongly negative, researchers say. Mangroves are particularly vulnerable to stressors like sea level rise and cyclonic activity.

UN senior advisor chides US for not sufficiently engaging China in its climate ambitions

UN senior advisor chides US for not sufficiently engaging China in its climate ambitions

The “aggressive approach” of the US towards China will only lead to tensions not solutions, warned UN SDG solutions network president and prominent economist Jeffrey Sachs.

Forget Western models, Asian philanthropists should give boldly and champion local leaders: AVPN CEO

Forget Western models, Asian philanthropists should give boldly and champion local leaders: AVPN CEO

As Western philanthropic organisations are prone to misallocating capital due to lack of local knowledge, it is time for Asian investors to "step up" to fill post-pandemic funding gaps, says Asian Venture Philanthropy Network chief.

Sustainable supply chains and the road to net zero

Sustainable supply chains and the road to net zero

The road to decarbonisation requires commitment and collaboration between the private and public sector to ensure that companies and countries reduce carbon emissions. Logistics is one key area where there is vast room for improvement.

The case for colocation data centres: green, flexible, convenient

The case for colocation data centres: green, flexible, convenient

Companies rent rack, cage or cabinet space for deploying their own IT equipment at colocation data centres. Such data centres can be engineered to meet the digital transformation needs of companies sustainably.

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