Eco-Business

Catastrophic floods, exacerbated by climate change, destroyed the Melamchi water supply project in 2021. Reconstruction is underway, but community safety measures are absent.

Traffic congestion, while a sign of economic growth in Asia, leads to gridlocks and pollution, but solutions like efficient public transport systems, such as electric vehicles and metro lines, along with higher parking fees and fuel prices, can encourage a shift towards more sustainable transportation options.

While this year’s forum is the first to include civil society talks, NGOs say the China-based multilateral bank did not give them control over the agenda. Doubts have also been cast on the efficacy of AIIB's accountability mechanism for environmental and social issues, which has rejected all five complaints to date.

Such policies can compensate natural disaster victims and drive climate action, but insurers and consumers are cautious.

By Ng Wai Mun

By Rhick Lars Albay

Thomson Reuters Foundation

By Hannah Alcoseba Fernandez and Gabrielle See

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Governments in the region must fix their opaque regulatory frameworks and make use of innovative financing models, says analyst Shantanu Srivastava. By Shantanu Srivastava

Given the escalating climate crisis, multilateral lenders must urgently adopt an approach to development aid that emphasises prevention. By incorporating structural vulnerabilities into their allocation formulas, the World Bank and others can strengthen poor countries' resilience and increase fairness, efficiency, and transparency. By Abdoul Salam Bello, Patrick Guillaumont and Arnaud Buissé

Climate change is not some distant menace; its effects are already being felt worldwide, especially in climate-vulnerable developing economies. By Vera Songwe and Ishac Diwan

Viewing nature as infrastructure is transformative, because it forces us to think in a more systemic way. As we pursue growth and development, we must not only avoid damaging nature; we must also strengthen and enrich it through “nature-positive” investments – all while tapping its vast potential to deliver essential services. By Erik Berglöf

Carbon & Climate

How to salvage COP28

By Gordon Brown

By Aufar Satria and Rauf Usman

By Michael Dolan

By Gordon Brown

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EB Studio From sponge cities to coastal forests, Asia is seeking ways to work with nature and prepare for the risks in a warmer-than-expected future. This Eco-Business video looks at what else cities need to do to strengthen climate resilience.

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The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.

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