The Asian Development Bank has pledged to elevate climate financing by US$20 billion to US$100 billion by 2030. But the UN's António Guterres said that "much more is needed" as development banks have a crucial role to play in the world's low-carbon transition.
Narsingh Chaudhary and Harry Harji –
As governments’ efforts to tackle climate change accelerate, asset owners with significant long-term capital tied up in coal-fired generation will need to reconsider the role of their facilities to avoid their assets becoming stranded.
Singapore is a key facilitator of coal projects regionally, particularly in Indonesia. As impacts of climate change worsen, Singapore must go beyond encouraging green finance, to regulating funding for environmentally destructive projects.
'Show Your Stripes' is a campaign that aims to raise awareness on global warming. Arabesque assessed the 14 major global stock indices to see if they are on track to achieve the 2050 carbon reduction goals set out in the Paris Agreement.
Are "green finance" and climate change gaining traction in the Asian financial sector? We reviewed the practices of 88 leading financial institutions across Asia-Pacific to find out. We discovered growing …