Eco-Business

By continuing to approve new coal power plants and polluting factories, China’s local governments are courting future environmental and economic problems.

For the partnerships to support developing nations to move towards clean energy, the criteria for receiving finance need streamlining.

Even keeping global warming to 2˚C, not the safer 1.5˚C, will need emissions and oil use to peak by 2024 – much earlier than expected based on existing policies.

They say the two new units could cause thousands of premature deaths and are arguably unnecessary in the oversupplied local grid. However, the bank’s lending arm clarifies that it does not have the ability to stop the project’s development.

By Simrin Sirur

Thomson Reuters Foundation

By Zhang Yongping, Zhou Feng, Peng Linan, Yu Yang

By Geetika Mishra

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Indonesia could define new coal-powered generation as green under a tweaked version of its green taxonomy. Doing so, would relegate Indonesia to the bottom of the pack of global sustainable finance taxonomies. By Christina Ng, Putra Adhiguna

The withdrawal of United States industrial gas company Air Products and Chemicals from planned state-linked facilities in Indonesia highlights cost challenges. By Ghee Peh

Last year, Indonesia and G7 announced a new energy transition funding mechanism called the Just Energy Transition Partnership (JETP). However, Indonesia’s 2024 general elections and the oligarchy have added uncertainty to its implementation. By Firdaus Cahyadi

The first global sustainability reporting standards, to include new requirements for Scope 3 emission, is expected to be published in June 2023. Energy companies would be wise to have robust decarbonisation plans, as opportunities for greenwashing will be limited once full emissions are reported. By Christina Ng

By Daniel Yergin

By Shatabdi Das

By Nick Butler

By Nikki Reisch and Lili Fuhr

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Southeast Asian nations are racing to bring clean, affordable power to their people, but one country is outrunning them all. How can states make their renewable energy transition a success?

Southeast Asia's largest energy consumer has been slow to transition to renewables, but recent policies point to greater expansion of the country's solar, tidal and geothermal energy production.

In the video, environmental law group ClientEarth compares the oil and gas giant's advertisements on its low-carbon investments to a burger chain claiming that they’re vegan because they’ve got salad on the menu.

Juice Media parody ad mocking government inaction on climate change

We're screwed, claims a government parody ad, as politicians drag their heels on climate change. Taking a shot at the Australian government, the video exposes the absurdity of longstanding political inaction to address the climate crisis and puts out a not-so-subtle call for collective action.

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The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.

The populous coal-rich powerhouse has six months to tell investors how it plans to spend G7 money to decarbonise equitably. We ask experts about the risks, strategy, and opportunities.

Eco-Business talks to Peter Kiernan, lead energy analyst for the Economist Intelligence Unit, to unpack a new landmark report from the International Energy Agency, which proposes an immediate ban on fossil fuels extraction to curb global warming.

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?

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