Southeast Asia's Clean Energy Transition / Philippines
All Spotlight on Philippines stories. Back to Sea's Clean Energy Transition.
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.
One of the hardest industries to decarbonise is deploying a carbon measurement system that could enable a more reliable path to net-zero.
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.
SDG 13. Climate
'Misguided': Asia Pacific energy leaders think emissions are falling at a time of record global warming
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".
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets.
Realising it’s now or never, the global gas industry is making a determined push to develop infrastructure across Asia as climate targets tighten and renewables become more competitive.
SDG 13. Climate
Southeast Asia's economy could grow by US$12.5 trillion by 2070 if the fossil fuel-dependent region decarbonises
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.
SDG 9. Infrastructure
LNG in the Philippines: Are investors risking US$14 billion in stranded assets?
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.
Exclusive
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.
Plans for coal expansion in South and Southeast Asia were finally re-evaluated, with little prospect for a revival this year.
The sustainability of face masks, migrant workers' cramped quarters, and the reinvention of jobs—these were some of the themes related to Covid-19 that drew our readers this year as the virus evolved into more than a public health issue.
