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 pledge makes it the first Singapore bank to commit to a zero coal exposure target. Experts praised the announcement, but highlighted the climate legacy the lender’s coal funding will leave behind.
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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.
Laos has announced the construction of two new coal plants for this year, despite growing evidence that coal power comes with significant financial risk. What is holding back the country from tapping its rich clean energy resources instead?
Highly volatile prices will make LNG power plants more costly and unpredictable to operate in emerging economies such as Bangladesh, Pakistan and Vietnam, says an energy think tank. This bolsters the case for a pivot to renewables.
From blatant lies that the Amazon wasn’t burning to unexpected net zero pledges, here are the countries that pulled in opposite directions for climate change in the most unforgettable year of the decade.
Southeast Asia's stimulus spending up until July demonstrated a ‘dismal’ commitment to decarbonisation. Can the Asean Comprehensive Recovery Framework, adopted last week, steer the region towards a green recovery?
Climate change is causing sea levels to rise at an alarming rate, and nowhere is more at risk than archipelagic Southeast Asia. Climate scientist Professor Benjamin Horton of the Earth Observatory of Singapore tells the Eco-Business Podcast about the risks of rising waters and what can be done to address the problem.
Two weeks after South Korea's climate emergency declaration, its biggest state-owned utility firm has been given the go-ahead to build the Vung Ang 2 coal project in Vietnam. Several other Korean businesses are also on board.
As the need for steady clean electricity generation grows, refurbishing Asia’s decades-old hydropower plants could help them regain past strength, enhancing their contribution to the region’s energy transition, shows a new study.
Air-conditioning is in hot demand in Southeast Asia, but the energy-guzzling technology exacerbates climate change. Eco-Business asked Professor James Trevelyan how the region can stay cool without cooking the planet.