Asia-Pacific Climate Digest #13 : Week 2, June 2021

Compiled by Purnima Joshi.


While the economic boom in the Asia-Pacific region has lifted many out of poverty, it has also caused significant environmental degradation. The challenge has always been to maintain and build on the growth of the past two decades, but in a more sustainable way. The increasing threats to the region’s development posed by natural hazards and climate change has seen growing action to strengthen climate and disaster resilience in the region. Many governments and corporates have stepped up to face the challenge head on through initiatives such as transitioning to a low-carbon economy, supporting innovation in green technology, green policies, with civil society keeping up the pressure through environmental movements. Read on to find out more about the last week’s news on climate change in the Asia-Pacific region.


Happy Reading!



FINANCE


Climate transition pathways established to help move to low-carbon economy

Asia Insurance Review; Jun 2021

Willis Towers Watson (WTW) has launched Climate Transition Pathways (CTP), an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identify which organisations have robust transition plans aligned to the Paris Agreement

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Toyota rebrands investment arm; adds fund focused on controlling climate change

Deal Street Asia, 3 Jun 2021

Toyota Motor Corp is rebranding its corporate investment arm as Toyota Venture and adding two early stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality.

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Stewardship in Asia, a source and a victim of climate change

Investors Corner, 7 Jun 2021

Asia is a major contributor to climate change and is quite exposed to phenomena such as droughts and floods. Therefore engaging with companies and working with the authorities in the region is all the more important for investors such as BNP Paribas Asset Management.

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ENVIRONMENT


Global warming caused over a third of heat-related deaths between 1991 and 2018: Study

Down to Earth, 2 June 2021

The highest percentage of heat-related deaths caused by human-induced climate change (more than 50%) were in Iran, Kuwait, the Philippines, Thailand, etc


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More cyclones than usual forecast for east Asia by September

Reuters, 4 Jun 2021

Half of the roughly 20 tropical cyclones expected to form in the western Pacific Ocean through September this year are predicted to hit land in east Asian nations, forecasters said on Friday, making for a season that is busier than usual.


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New Emissions Trading Scheme will help to reduce air pollution in India

AirQualityNews.com, 8 Jun 2021

The government of Punjab, India, is launching a new Emissions Trading Scheme (ETS) to tackle industrial air pollution.

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ENERGY


‘South-Asia New Energy Series’ to discuss renewable energy and hydrogen in India

H2 View, 4 Jun 2021

FTI Consulting and the Energy and Resources Institute (TERI) have launched the ‘South-Asia New Energy Series’, a collection of stakeholder consultations that will focus on renewable energy – including hydrogen – in India


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Ethanol has become major priority of 21st century India: PM Narendra Modi

Gulf News, 5 Jun 2021

Prime Minister Narendra Modi on Saturday said ethanol has become one of the major priorities of 21st century India and the country has taken a big step towards the sector.




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AGRICULTURE


Tea prices could spike as climate change makes India’s monsoon season even more severe

studyfinds.org, 5th June 2021

If you can’t start the day without some English breakfast tea and can’t end the day with a relaxing cup of chamomile, bad news may be on the horizon. The price of a cup of tea could soar as climate change makes India’s monsoon season even more severe, warns a new study

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GRAPE to foster climate resilience and green economic growth in Nepal

My Republica, 9 Jun 2021

On the occasion of the World Environment Day, the European Union (EU), the Ministry for Foreign Affairs of Finland (MFA) and the German Federal Ministry for Economic Cooperation and Development (BMZ) announced the launch of a new development cooperation project - “Green Resilient Agricultural Productive Ecosystems (GRAPE) in Nepal

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OPINION


Commentary: Trying to live more sustainably? It’s impossible to make a difference alone

ChannelNewsAsia, 6 Jun 2021

In combating climate change, our individual efforts are statistically insignificant – especially when compared to what businesses and government can achieve, says climate activist Ho Xiang Tian.


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TOURISM


In India's paradise islands, anger flares over government's tourism plans

Straits Times, 8 Jun 2021

With palm-fringed beaches, turquoise seas and coral reefs, it is easy to see the appeal of India's Lakshadweep islands. But as the government pushes plans to develop the remote archipelago as a tourist hub, some islanders fear they could lose everything.

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Climate change: Is ecoguilt changing the way we travel?

Social Story, 27 May 2021

Humans have long been driven by a desire to explore the planet and visit faraway places. But with tourism's toll on the environment now calling our globetrotting habits into question, some say - it's time for change.

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CO-OPERATION


MD & CEO of Dalmia Cement joins Feike Sijbesma as Carbon Pricing Champion of the CLPC

World Cement, 8 Jun 2021



Mahendra Singhi, Managing Director & CEO of Dalmia Cement (Bharat) Limited has been invited to represent the Carbon Pricing Leadership Coalition as Carbon Pricing Champion. CPLC is a global coalition promoted by the World Bank Group.

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Getting to the Net Zero Olympics: Asia News Network contributor

The Straits Times, 7 Jun 2021

The writer says that the current race to the top on climate action between the US and China is the best thing that can happen for the planet…. With China, Russia and all of G20 emerging markets aboard, this was a sign that enemies and rivals can cooperate where it is important for mankind.

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INDIAN SUB-CONTINENT


Uttarakhand first state in country to introduce Gross Environment Product (GEP) ..

Times of India, 7 Jun 2021

India’s Uttarakhand is set to become the first state in the country to assign monetary value to four of its critical natural resources - air, water, forest and soil,


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The Indian women at the forefront of the country’s environmental movement

South China Morning Post, 5 Jun 2021

Activists like teenager Ridhima Pandey regularly find themselves at odds with the government as well as powerful corporate lobbies

Indian women often manage natural resources at the family and community levels, underlining their role in environmental protection

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FORTHCOMING EVENTS TO REGISTER :


Thu, Jul 22 | Online webinar

Directors' Duties and Climate Change

Part IV of CGM's Primers on Climate Governance