Asia-Pacific Climate Digest (#3): 1st April 2021

Curated and compiled by Purnima Joshi

Last week saw the Climate Governance Initiative launch its inaugural Global Summit urging board directors to tackle the climate emergency and empowering Non-Executive Directors (NEDs) across the globe through education and climate literacy.

Eminent world leaders and corporate executives spoke on the barriers they face and some of the common challenges which thus require the issue of Climate Change to be addressed in unison as it is one that cannot be overcome in isolation or by a few. They shared their experiences on how they are leading the charge in tackling climate change in their businesses.

We now countdown to next week wherein HSBC in collaboration with Climate Governance Malaysia proudly presents the ‘Transitioning into a Sustainable Future’ webinar. We will share with you our experience on how small and medium sized enterprises and middle market enterprises can examine the potential in implementing sustainability exactly where it belongs - at the core of your business model.

Meanwhile, in this issue of the Asia-Pacific Climate Digest, we picked features on nations identified and invited by the US for the forthcoming summit on climate; the growing emphasis by Banks and the Financial system including investment decisions gearing towards addressing the climate challenges; the harsh and drastic effects being felt in the environments across different countries in our region, including how life is being affected and the changes being seen by the different generations in countries like Bangladesh which gets to its milestone of 50 years since independence; the worsening weather conditions being felt in countries across from Australia to South Asia in the form of floods or heatwaves; and, China’s continued thrust on Coal making it generate more than half of the world’s coal-fired power last year on the one hand and its continuing to claim its resolve towards becoming ‘carbon-neutral’ by 2060.

We hope this issue once again serves as a good consolidation of some of our carefully chosen features that may be of interest and address the topic from various angles.


Title : Climate Change: how Asia-Pacific will affect the whole planet

Author : Headline Editor

With the world’s most populous and fastest-growing economies, Asia-Pacific emits the largest volume of greenhouse gas, producing about half the world’s carbon dioxide. China, India (the first and third-largest emitters respectively, with the US second) and other large emitters will need to make greater efforts to reduce emissions if global warming is to be kept to the Paris Agreement’s goal of 1.5–2 degrees Centigrade above pre-industrial levels.

URL : https://www.thailand-business-news.com/environment/83557-climate-change-how-asia-pacific-will-affect-the-whole-planet.html

Source : Thailand Business News

Date : March 26, 2021


Title : Singapore trails on climate policy when it could be Asia’s leader

Singapore has become a straggler among wealthy nations in terms of its efforts to cut carbon emissions growth. Though the government has become a regional leader on some environmental policies, a new analysis shows its carbon emissions have grown faster than almost any country in the world.

The government appears aware of its failure to get progressive about emissions, saying that the country has limited options. Its overall environmental policies suggest the government may respond to pressure to cut emissions and get off fossil fuels.

URL : https://www.aseantoday.com/2021/03/singapore-trails-on-climate-policy-when-it-could-be-asias-leader/

Source : ASEAN Today

Date : March 23, 2021


Title : Asian companies claim they are going net-zero — but are their targets realistic, ambitious or greenwash?

Author : Robin Hicks

Increasing number of Asians firms are announcing carbon neutrality targets. While it's good publicity, some have yet to disclose how they plan to do it—possibly because they don't know, or don't intend to disclose.

What is the cost of not decarbonising? That is the question businesses should really be asking themselves.

Questions hang over how Asia’s big-polluters will realise their declared targets. Ensuring the big emitters share detailed plans and a budget to support their carbon neutral declarations is key for accountability.

URL: https://www.eco-business.com/news/asian-companies-claim-they-are-going-net-zero-but-are-their-targets-realistic-ambitious-or-greenwash/

Source : Eco Business

Date : March 29, 2021


Title : President Biden invites 40 world leaders to climate summit, including Singapore’s PM Lee