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.
As China’s president Xi Jinping stepped up the nation’s climate commitment last month by pledging that it 'will not build new coal-fired power projects abroad', China was experiencing widespread power shortages.
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.
Jules Kortenhorst –
Unless meaningful action is taken to decarbonise traditional hard-to-abate sectors like steel and commercial aviation, we will have little chance of keeping global temperatures at a safe level.
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?
As governments’ efforts to tackle climate change accelerate, asset owners with significant long-term capital tied up in coal-fired generation will need to reconsider the role of their facilities to avoid their assets becoming stranded.
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.
Robin Hicks –
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.
Zafirah Zein –
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.
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 …