Niccolò Manych and Jan Steckel
and Michael Jakob –
Based on financial inputs from overseas, 40 per cent of 'committed emissions' from a sample of coal plants that have been built or proposed since 2015 could be attributed to these nations – with most of the remainder coming from Chinese banks.
Owing to years of grassroots mobilisation and the rise of renewables and low-carbon assets, financial markets are finally shifting gears to account for the inevitable decline of fossil fuels. But policymakers must heed the call for clear standards.
Poor people have many competing priorities, but the claim that 'hungry people don't care about the environment' should not be used to ignore the environment and climate action in international development cooperation.
Southeast Asia’s power sector is set to strike out in a new direction this year, driven by energy security needs and new opportunities for collaboration as some of the world’s biggest polluters step up climate action.