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The Singapore firm has said it would acquire the Chow Tai Fook Enterprises-owned coal, gas, wind and solar firm, but there are no plans to retire a 1,200-megawatt coal plant, arguing it needed to provide affordable and secure energy, even as Australia grows its renewables capacity.
This year, ‘greenrinsing’ – shifting climate targets after luring investment – cast a shadow over corporate decarbonisation efforts, while fossil fuel firms leaned on carbon capture technologies to justify ongoing expansion and promoted natural gas as "clean".
Coastal flooding could bring US$500 billion of annual damages to the Asia-Pacific by the year 2100, if countries do not adapt to rising sea levels.
Climate justice groups celebrated the establishment of a just transition mechanism in Belém, where the COP30 presidency engaged heavily with Indigenous Peoples. Can upcoming hosts Turkey, Australia and Ethiopia take this further?
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