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Two important public infrastructure financing companies under the Ministry of Power are failing to adapt sufficiently to the energy transition underway, finds the report.
Ant Group_Charles Cao_CGS China-Asean Business Leaders Summit
Ant’s group VP and treasurer says the $6.5 billion deal allows the fintech company to raise capital at a cheaper cost to meet green goals. There are, however, concerns about the lack of transparency behind sustainability-linked structures.
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The international association notes that transition finance is often criticised for opening the door to greenwash, but recommends a nuanced approach where firms that need help in shifting away from carbon-intensive activities comply with disclosure requirements instead.
Philips China
Speaking to Eco-Business on the sidelines of the World Economic Forum, Robert Metzke, global head of sustainability for global healthcare firm Philips outlines how the firm is making progress on decarbonisation and healthcare accessibility amid challenging times.
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The first auction on Malaysia’s new voluntary carbon market, the Bursa Carbon Exchange (BCX), took place on 16 March, with around RM7.7 million in carbon credits sold.
Sunrise at Central Thailand Solar Farm
Southeast Asia countries have spent little of their COVID-19 recovery funds on sustainable development. There is still time to turn the pandemic into an opportunity.
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With the growing urgency for climate solutions, blockchain technology could be a powerful tool to revolutionise green finance, especially as transparency and traceable information are critical in measuring and monitoring climate impact.
coal mine in indonesia
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.
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