Science-based targets will be established in 12 months but the retirement of a coal plant and use of solar energy for its commercial spaces are some significant moves towards its climate ambition, said the Philippines’ oldest conglomerate.
A new report assessing the global pipeline of new coal projects finds that there has been a 76 per cent reduction in proposed coal power since 2015, bringing the end of new coal construction into sight. The pressure is now on Asia to end coal for good.
Bevis Longstreth and Connor Chung –
Despite the increasing urgency of the climate crisis, many of the world’s most powerful financial actors have continued to invest in the fossil-fuel industry. But a new trend in the law is forcing institutional investors to decarbonise their portfolios – or be held legally accountable.
and John Murton –
With the urgency of the climate crisis becoming clearer by the day, governments and multilateral lenders must end public financing for fossil fuels and increase their support for renewables as soon as possible. This year's United Nations climate-change conference offers the perfect opportunity to lock in such commitments.
Pius Ginting and Ho Xiang Tian –
Singapore is a key facilitator of coal projects regionally, particularly in Indonesia. As impacts of climate change worsen, Singapore must go beyond encouraging green finance, to regulating funding for environmentally destructive projects.
'Show Your Stripes' is a campaign that aims to raise awareness on global warming. Arabesque assessed the 14 major global stock indices to see if they are on track to achieve the 2050 carbon reduction goals set out in the Paris Agreement.
Owing to years of grassroots mobilisation and the rise of renewables and low-carbon assets, financial markets are finally shifting gears to account for the inevitable decline of fossil fuels. But policymakers must heed the call for clear standards.
Zafirah Zein –
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.