Energy Transition News
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ADB to increase climate finance to US$100 billionThe Asian Development Bank has pledged to elevate climate financing by US$20 billion to US$100 billion by 2030. But the UN's António Guterres said that "much more is needed" as development banks have a crucial role to play in the world's low-carbon transition. -
Singapore’s carbon emissions targets hinge on reducing gas dependencySingapore plans to overhaul its electricity market in an effort to drive energy efficiency, reduce carbon emissions and end its over-reliance on fossil gas.
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Sustainability-linked bonds, the next frontier in galvanising green financeSpeaking at the inaugural Singapore Sustainable Investing & Financing Conference, IFC's Alfonso Garcia Mora said SLBs create "the right incentives" for both issuers and investors to comply with sustainable performance indicators. -
Asia's energy crunch signals volatile path for clean-power transitionAn acute energy supply squeeze in China and India has pushed up global coal and liquefied natural gas prices this week, signalling how volatile Asia's energy transition is likely to be over the next few decades.
Energy Transition Opinion
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Putting public finance on the right side of history– 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. -
The 'diesel vs doughnuts' debate– As the demand for vegetable oil soars, soybean farmers are deciding whether to sell their products for food or biofuel production. With biofuel producers emerging as the highest bidders, what does this mean for the future of food security? -
To improve lives, rural electrification efforts must respond to local aspirations– Fostering local innovation and equipping local service providers with the tools to deliver solutions that meet people’s needs can create sustainable development impact at scale.
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