Asia-Pacific Climate Digest Issue #11: Week 4, May 2021

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.

Read more...


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.

Read more...


[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.

Read more...


KOREA


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.

Read more...


ASEAN


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.

Read more...


Asean’s Covid-19 fiscal policy lacks climate-aligned measures

The Malaysian Reserve , 26 May 2021

THE CIMB Asean Research Institute (CARI) has revealed that climate-aligned measures were found to be lacking in various Asean’s fiscal policy responses to the Covid-19 pandemic, which includes stimulus spending, national budgets and taxation policies.

Read more...



37 green projects to receive $3.7m in funding

The Straits Times, 23rd May 2021

A total of 37 green projects will receive $3.7 million in grants under the SG Eco Fund, which was set up to aid sustainability efforts, Minister for Sustainability and the Environment Grace Fu said yesterday.

Read more...



Vietnam to plant 1 billion trees — but how?

Eco Business, 24 May 2021

After a string of deadly typhoons in late 2020, Vietnam’s prime minister called for the country to plant one billion trees nationwide in developed areas such as cities and industrial zone, to reduce the risk of landslides and flooding.

Read more...


'Globally significant’ 40,000-year-old rock art in Indonesia being destroyed by climate change

Channel News Asia, 19 May 2021

Some of the world’s oldest and most significant rock art, created by ancient civilisations in South Sulawesi, is being destroyed at an alarming rate due to the impacts of climate change.

Read more...



FOSSIL FUELS


Asia snubs IEA’s call to stop new fossil fuel investments

Reuters, 19 May 2021

Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow.

Read more...


Column: IEA call to end fossil fuels likely to fall on deaf ears in Asia

Reuters, 20 May 2021

It is probably just ironic coincidence, but the same day the International Energy Agency (IEA) called on the world to end fossil fuel investments, the Australian government announced plans for a new, $460 million natural gas-fired power plant.

Read more...



CORPORATES & CLIMATE CHANGE


‘Kasambuhay for the Environment’: Nestlé PH tackles climate change, declares local commitments

CNN Philippines, 18 May 2021


Details here...



Henderson-Massey reveals action plan to fight climate change

Our Auckland, 27 May 2021


Details here...



HSBC launches US$100Mn Climate Finance initiative

ESG Today, 20 May 2021


Details here...




BlackRock leverages voting power in Hong Kong companies to spur climate-change targets and disclosure

South China Morning Post, 21 May 2021


Details here...



EVENTS


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ADDITIONAL READS


India’s climate change approach: what to expect - Research report


Scholars Discuss the Impact of Climate Change on Agriculture in South Asia at QF Partner Georgetown


Greta Thunberg aims to change how food is produced


Save big cities in Asia from sinking


Hand pump buried in sand, temple without deity: Seven villages start vanishing from Odisha map


Researchers from Singapore join partnership with COP26 Universities Network


CGM's Asia-Pacific Climate Digest is compiled by communications consultant Purnima Joshi.

With over two decades of experience in corporate communications, Purnima combines her skills in creative and communication along with her passion for working for the community.



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