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New mapping of climate firms shows region rich in solutions but constrained by grids, finance and coordination.
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".
Over 70 per cent of organisations are investing more than 10 per cent of their capital expenditure in low-carbon initiatives as digitalisation and automation take centre stage.
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New mapping of climate firms shows region rich in solutions but constrained by grids, finance and coordination.
