Asia is braced for the rapid deployment of renewables, but if poorly planned, the energy transition could put areas of high biodiversity at risk. Bird conservationists have launched a new tool that could help developers avoid killing birds that are unable to see power lines and wind turbines.
Credit Suisse is the sixth major global bank to introduce a policy that rules out funding deep-sea exploration and extraction. Asian banks have yet to form a policy on deep-sea mining, which is estimated to be worth US$150 trillion in gold deposits alone.
Less than one-third of APAC companies reporting to carbon measurement non-profit CDP have committed to science-based targets. CDP's latest report also finds growth in climate disclosure slower in APAC than the global average.
Most believe that emissions have dropped since 2005 — when they have grown by 50 per cent, according to a survey conducted at the recently-concluded Asia Pacific Energy Week. The findings reveal "a major gap between perception and reality".
If one of the world's most climate-vulnerable regions rapidly reduces emissions over the next 50 years, its economy could grow by 3.5 per cent a year. If it doesn't decarbonise, its economy could be $28 trillion smaller by 2070, according to a new study by Deloitte.
Renewables are gaining ground in East Asia as governments pledge to cut carbon and clean energy costs fall. But unless world leaders step up their efforts this year, financial hurdles could undermine commitments made, warns a new analysis.
The country's only domestic source of liquified natural gas is expected to run dry this decade sparking a boom in import terminal projects. But regulatory uncertainty and financial risks could turn them into bad investments.
The race to net zero-emissions ride-hailing in Southeast Asia is on. Gojek and now Grab are embarking on decarbonisation drives — just as Singapore announces a new policy to promote lower-carbon travel.