The 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.
Speaking 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.
An 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.
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.
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?
Whether China can free itself from its decades-old addiction to coal will determine not just its own environmental future, but also – and more crucially – Earth’s prospects in the face of the gathering climate crisis.
As Southeast Asian nations embark on their energy transition journey, there is huge potential for digital technologies to improve energy efficiency, prepare grids for higher shares of renewables, and cut power costs.
Nature already mitigates a significant portion of man-made GHG emissions; approximately a quarter of these emissions are absorbed by trees, plants, and soil, while another quarter is absorbed into marine …
How can we decarbonise even while building better cloud solutions? This white paper explores the viable solutions available to help data centre operators fight the rising tide of environmental challenges.