Menon says that an appropriate carbon price will render blended finance and carbon credits to lower the cost of capital for energy transition projects in emerging markets unnecessary. He was speaking at the COP28 summit.
Using the novel class of carbon credits, the Monetary Authority of Singapore aims to retire one of the facilities a decade earlier. The pilots will inform the work of a coalition that will be creating a standardised approach to accelerate Asia's coal phase-out.
Renewable energy solutions have the potential to gradually reduce Malaysia’s heavy reliance on fossil fuels. However, they must be feasible and scalable over the long term. New projects under Malaysia’s National Energy Transition Roadmap (NETR) led by Tenaga Nasional Berhad (TNB) aim to accelerate the country’s decarbonisation journey.
Tracing the trajectory of climate engagement between China and the US can give us a clearer idea of what might limit or propel the level of ambition it displays at COP. Its leadership regime increasingly sees environmental sustainability as part of its legitimacy.
Government agencies charged with devising effective policies to clean up our fossil-fuel-based economies often lack the resources and expertise to do so, underscoring the need for NGOs to provide them with critical data and technical know-how.
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Leaders from all quarters must collaborate to remove the barriers to affordable clean energy, such as insufficient and expensive battery energy storage systems. Doing so could ignite demand, stimulate innovation and trigger a market transformation.
Our urban infrastructure is responsible for almost 40 per cent of global carbon emissions. Climate solutions need to include the biggest energy guzzlers, clean energy and retrofitting old buildings.
In gridlocked, smoggy Southeast Asian cities, change is afoot to electrify transport and clear some of the world's most polluted skies. This video documents the pockets of hope for e-mobility around the most climate-vulnerable region.
The climate talks in Glasgow could have a major trickle-down effect on Asia's business community. What should the region's businesses expect from COP26? The Eco-Business Podcast asked energy and sustainability expert Malavika Bambawale.
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?
The Philippines has ended new coal development as it pursues a low-carbon future. Don Paulino of non-profit Philippine Energy Independence Council and boss of Shell's exploration arm, argues why natural gas should remain in the energy mix.
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.