Eco-Business

The former Monetary Authority of Singapore head Ravi Menon has come out of retirement to take on a newly created role, where he will represent the city-state at international climate discussions and advise on nationwide climate policies.

From supply chain decarbonisation to evolving trade regulations, here are a few of the things that got under the skin of Asia's corporate sustainability leaders in a year that geopolitics complicated climate ambition in the boardroom.

Ravi Menon, who heads the Monetary Authority of Singapore (MAS), says that an appropriate carbon price will render blended finance and carbon credits to lower the cost of capital for energy transition projects in emerging markets unnecessary. He was speaking at the COP28 summit.

A coal-fired power station owned by Ayala Corporation in South Luzon

Using the novel class of carbon credits, the Monetary Authority of Singapore aims to retire one of the facilities a decade earlier. The pilots will inform the work of a coalition that will be creating a standardised approach to accelerate Asia's coal phase-out.

By Gabrielle See

By Samantha Ho

By Tom Baxter

By Rhick Lars Albay

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The sustainable development goal financing gap has widened significantly in many developing countries in the region. Coordinated multi-stakeholder regional partnerships and cooperation are needed to mobilise new resources. By Naoko Ishii

Global philanthropy is not putting its muscle behind addressing the dual climate and nature crises, but it holds the key to unlocking the pace and scale required for action on climate and nature in this decisive decade. By Neo Gim Huay, Anthony Robert Hobley, Rob van Riet and Luis Alvarado

Tegallalang Rice Terrace, Bali, Indonesia

While some believe that economic growth is incompatible with fighting climate change, only growing economies can produce the financial resources needed to make the transition to a net-zero economy. Accelerating global growth could bring lower-income households into the middle class and build infrastructure to reduce emissions. By Sven Smit, Anu Madgavkar and Kevin Russell

A stronger partnership between the private and public sectors can unlock new investment opportunities, manage risk, reduce the cost of capital, and mobilise the necessary financing at a much larger scale. By Vera Songwe

By Neo Gim Huay

By Erik Berglöf

By Giulio Boccaletti

By Elizabeth Maruma Mrema

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Eminent speakers and thousands of attendees discussed strategies for a resource-efficient future at Ecosperity Week 2019. As they heard about the science of global warming, delegates were called upon to be part of the solution.

Achim Steiner talking at the Responsible Business Forum in Singapore. Image UNDP Asia Pacific

The IPCC's climate warning is an opportunity for the business world to show leadership, said UNDP's Achim Steiner in the opening speech at the Responsible Business Forum in Singapore.

At this year's Eco Action Day Industry Roundtable 2018, participants discussed how to build more creative and resourceful industries and infrastructure for a more sustainable Singapore.