At the Asia Clean Energy Forum in Manila yesterday, Asian Development Bank president Takehiko Nakao said it could not rule out funding coal power as there is 'no other option' for some countries in Asia. Protesters outside the event called on ADB to draw up a time-bound phase-out plan for coal financing.
A proposal for a US$423 million facility is expected to be approved in one of the biggest cities in the country's capital, despite a law banning incineration. Critics say city governments are at the losing end of this technology.
Pat Dwyer and Carissa Pobre –
Companies in the Philippines that report on sustainability for mere compliance are missing out on a real opportunity to drive profits and create meaningful societal change, write The Purpose Business's Pat Dwyer and Carissa Pobre.
Bambang Susantono –
In Asia's growing megacities, an infrastructure finance gap is slowing mass transport development, resulting in thousands of hours wasted in horrendous traffic. Land value capture could unlock finance, writes ADB's Bambang Susantono.
Scott Wayne and Cynthia Castillejos-PetalcorinDonghyun Park –
As global tourism booms, is it becoming a victim of its own success? Not if it takes these five steps along a sustainable development path, write ADB experts Donghyun Park and Cynthia Castillejos-Petalcorin and SW Associates' Scott Wayne.
With Indonesia, Thailand and India moving towards national guidelines on responsible business conduct, there is increasing pressure for companies in Asia to be transparent about human rights, writes Melissa Chong.
Charlotte MIddlehurst and Lili Pike, Chinadialogue –
China has provided huge funding supposedly to help developing countries mitigate and adapt to climate impacts, but it is also financing coal projects included in the Belt & Road Initiative (BRI). What do recipient countries make of this?
Vaidehi Shah –
Brazil and the Philippines are the most dangerous countries for activists fighting mining, agribusiness and hydroelectric companies for their rights to land, forests, and rivers, a new report by Global Witness found.
The Philippines' promising economic outlook is being threatened by the adverse impacts of climate change. Being one of the most susceptible countries to changes in climatic conditions and natural disasters ...