Investors need a clearer way to measure and value resilience as Asia faces rising climate risks, according to Singapore's financial regulator, with the absence of a common metric making adaptation harder to finance at scale.
Emerging markets face gaps in equity financing, currency risk protection and scalable investment structures, say experts, who warn that climate projects will not be bankable without stronger policy support and financial reform.
Morrison's argument that the Pacific Islands nation should be entitled to extract deep-sea minerals to support its sovereign wealth fund comes amid mounting opposition to seabed mining. He was speaking at Impact Week in Singapore.
Singapore's sovereign wealth fund says the odds of “delayed disorderly transition” and “too little too late” scenarios have risen amid current economic and geopolitical headwinds. State investor peer Temasek is also reviewing its baseline climate scenario.