Paris Agreement News
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Financial flows study reveals how Asia's banks are funding social and environmental harmPolicy & Finance
Financial flows study reveals how Asia's banks are funding social and environmental harm
A new analysis tracks the intricate credit flows crisscrossing Asia that profit sectors notorious for their impacts on the planet and people. Regional cooperation is critical to foster responsible lending practices, argue the authors.
Samsung targeted by NGOs for proposal to build coal power station in VietnamFamous for innovation in consumer electronics and a progressive approach to sustainability, Samsung has been called out by NGOs for links to the construction of the controversial Vung Ang 2 coal-fired power plant in Vietnam.
Singapore plans carbon capture tech to curb climate impact of heavy industryCompanies including oil giant Chevron and concrete producer Pan-United are joining forces to develop technology that will prevent emissions from entering the atmosphere. The consortium says the technology will be ready in five to 10 years.
Paris Agreement Opinion
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Not enough climate action in stimulus plans– While the amount of climate-friendly stimulus spending leaves much to be desired, some countries are making strides toward greening their economic recovery. How can countries expand their green recovery efforts? -
The substance of a Korean Green New Deal is still being defined– In April, South Korea was lauded as “the first East Asian country to pledge net zero emissions by 2050” – but it didn’t. The concept and content of the “Green New Deal” is still being debated. -
National emissions trading system is key to China’s green recovery– Done properly, the system can drive down emissions and raise hundreds of billions of yuan to support low-carbon projects.
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