Compiled by Purnima Joshi.
In this issue, we have collated this week's climate change news from around the region - China, India, Korea, Vietnam, Indonesia, Singapore and the ASEAN nations.
The Digest also features articles on the mounting pressure on governments and corporate firms to adopt a climate strategy, and companies such as Nestle, HSBC, BlackRock, Henderson-Massey taking steps to work on climate-change targets and support climate change/sustainable initiatives.
We have a new format this week, and would love to hear your thoughts on it. We welcome suggestions on the content as well.
INDIA & CHINA
Climate financing offers golden opportunity
China Daily, 21 May 2021
The success of the green transition will depend on the availability of financing, along with the entire financial system transitioning toward green finances. However, the efforts across countries are rather scattered right now.
China's electricity grid remains major hurdle in its climate change ambitions
ANI, 20 May 2021
After Beijing’s surprise announcement that it would become carbon neutral by 2060, one of the most pressing challenges for China to meet its pledge to pivot towards renewables is overhauling its electricity grid that is the world’s largest, say analysts and officials.
[Interview] Bittu Sahgal: “Young people want to protect the environment, but don’t have their hands on the wheel”
Mongabay India, 21 May 2021
Bittu Sahgal one of India’s pioneering conservation and environment journalists, who was involved with India’s tiger conservation efforts in the 1970s holds out hope for the future due to the regenerative power of the environment and the promise that the young people are bringing in.
McKinsey advises Korean firms to embrace net-zero economy
The Korea Times, 27 May 2021
Time is running out for Korea's business leaders who don't have a climate strategy. Korea has joined other leading Asian countries in making a carbon neutral pledge by 2050, and the sooner business leaders develop a plan for competing and winning in a climate economy, the better.
Southeast Asia in the spotlight ahead of international talks on biodiversity
ASEAN Today, 24 May 2021
Negotiations over the future of the international Convention on Biological Diversity (CBD) resumed after a yearlong break. The CBD is a treaty approved by 196 countries that provides a framework to promote sustainable development for the benefit of both natural habitats and human societies.
Asean’s Covid-19 fiscal policy lacks climate-aligned measures
The Malaysian Reserve , 26 May 2021