Communities in Asia and least developed countries that contribute least to climate change are among those 15 times more likely to die from natural disasters, said the IPCC in the final part of its sixth assessment report.
The world’s top three credit rating agencies – S&P Global, Moody’s, and Fitch – still assign high investment-grade ratings to companies with weak ESG credit scores. This could expose investors looking for long-term returns to abrupt rating downgrades, a new study says.
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.
Without a concerted effort by governments and international financial institutions to harmonise standards and strengthen incentives for investments in decarbonisation across the developing world, mid-century net-zero targets will slip out of reach. Three issues, in particular, warrant greater attention.
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.
Rich nations need to shift investments into renewables instead, they say. The civic space for demonstrations at this year's climate summit, held in Egypt, is more restricted than the Scotland event last year.
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.
About four out of every five people impacted by sea-level rise by 2050 will live in East or Southeast Asia, creating an urgent need climate-smart solutions for cities. This year’s Innovate4Climate summit will look at the climate-smart solutions the region needs.
The Philippines has ended new coal development as it pursues a low-carbon future. Don Paulino of non-profit Philippine Energy Independence Council and boss of Shell's exploration arm, argues why natural gas should remain in the energy mix.
The world's largest asset manager says it has put sustainability at the core of its investment approach. Eco-Business speaks to Shinbo Won, BlackRock's investment stewardship director in Singapore about what this means for investors, and how companies are responding to increased ESG pressure.
Fossil fuels, tobacco, weapons—our banks could be spending our money on things we don't want them to. Eco-Business talks to finance expert Mayur Singh about why consumers in Asia should asking banks how they spend their money.
[The EB Podcast] In this concluding episode of the Let’s Write the Future series, we explore how the rise of renewable energy, the electrification of transport and the Fourth Industrial Revolution are changing our lives, cities, and the world.