Watchdog representatives point to the multilateral lender’s wanting track record in ensuring that project-affected communities are adequately consulted when private sector players are involved. The ADB says that a traditional model of lending and grant-making is no longer sufficient to meet funding needs.
Once again, climate scientists have warned that time is running out in the global race to stay ahead of catastrophic climate change. While Kenya and many other countries in the Global South could play a major role in solving the problem, more must be done to unlock that potential.
It is no longer business as usual when it comes to how we tackle climate change and rising global temperatures. Eco-Business speaks to Elena Philipova of Refinitiv about how data can ensure countries and businesses are delivering on pledges to decarbonise.
Eco-Business talks to Peter Kiernan, lead energy analyst for the Economist Intelligence Unit, to unpack a new landmark report from the International Energy Agency, which proposes an immediate ban on fossil fuels extraction to curb global warming.
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.