Asia-Pacific Climate Digest Issue # 18 : Week 3, July 2021

Compiled by Purnima Joshi.


The Asia-Pacific Climate Week 2021 that concluded on 9 July, sent a strong signal that climate action in the Asia-Pacific region is key to limiting global warming to 1.5C. APCW provided an important platform for stakeholders to address the opportunities and remaining challenges to tackle climate change across a wide range of areas. With nations having already started developing national climate action plans, a momentum has been set for the success at COP26, which is less than five months away.


This issue has articles on the region collated from various media, and include news about: Bank of Japan’s bid to promote the regional green bond market; world’s first-ever nature performance bond from Pakistan; India says rich countries should pay more for green energy shift; how changing seasonality is affecting livelihoods of those in the foothills of the Himalayas, Petronas to deploy solar energy at their assets across Malaysia; and Singapore and EU partner in global climate action,

Happy Reading!


ENERGY


India wants rich countries to pay more for green energy shift

Energy World, 12 July 2021

India can’t prioritise eliminating greenhouse gas emissions without sufficient financing from richer nations to help offset the high cost of transitioning to clean energy, according to a senior government official.

Read further ...



Petronas to power assets in Malaysia with solar energy as part of its sustainability commitment

The Edge Markets, 8 July 2021

Petroliam Nasional Bhd (Petronas) has launched an initiative to deploy solar energy at the group's assets across Malaysia to increase efficiency and reduce carbon emissions as part of its sustainability agenda and aspiration of Net Zero Carbon Emissions by 2050 (NZCE 2050).

Read further ...



ExxonMobil takes a gamble on algae biofuel

Eco Business, 7 Jul 2021

Substantial investment in money and time is needed for algae biofuel to become viable, even on an extended timeline out to mid-century. While big players like Shell and Chevron have abandoned the effort, ExxonMobil continues work.

Read further ...



SOUTH-EAST ASIAN REGION


Singapore and EU reaffirm climate action commitment ahead of COP26

CNA, 8 July 2021

The European Union (EU) and Singapore on Thursday (Jul 8) reaffirmed their joint commitment and "strong" partnership in global climate action ahead of the 26th United Nations Climate Change Conference of the Parties (COP26

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BIO-DIVERSITY


Tiger habitat threatened by Malaysian royals’ mining plans

Mongabay, 7 July 2021

An environmental report has revealed the Malaysian royal family is requesting permission from the Department of Environment for a new iron ore mine in the middle of one of the few remaining habitats of 15 threatened animals, including the critically endangered Malayan tiger.

Read further ...



FINANCE


BOJ to consider buying green bonds as part of Asian efforts to nurture market – source

Reuters, 12 July 2021

The Bank of Japan will consider buying green bonds as part of a joint effort among Asian central banks to promote the region's bond market, said a source with knowledge of its thinking.

Read further ...




BOJ climate change plan stirs debate over central bank role

Nikkei Asia, 11 July 2021

The Bank of Japan has unveiled a plan to boost funding to counter climate change in a surprise move to catch up in a field where it has lagged behind its counterparts

Read further...



Climate change is top emerging risk for banks in Asia-Pacific: survey

The Business Times, 8th July 2021

FOR the first time, climate change has topped the list of both long and short-term risks for banks in the Asia-Pacific, an annual survey by EY and the Institute of International Finance showed on Thursday.

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Pakistan eyes world’s first ‘nature performance bond’

Eco Business, 12 July 2021

As the pandemic continues to threaten lives and livelihoods across the globe, developing countries are braced for the worst of its economic consequences

Read further ...



ADB Commits to Full Alignment with Paris Agreement

India Education Diary Bureau, 11 July 2021


The Asian Development Bank (ADB) has announced its commitment to align its operations with the goals of the Paris Agreement.

Read further ...



INDIAN SUB-CONTINENT


Hindustan Unilever Limited’s Prabha Narsimhan shares latest steps that the company has taken towards sustainability to achieve its goal of 100% plastic waste collection by the end of 2021

Advertising & Media Insider, 12 July 2021

Earlier this year, Hindustan Unilever Limited had announced that it would collect and process more plastic packaging waste than what it uses in a bid to achieve 100% plastic waste collection by end of 2021

Read further...



EVENTS


Asia-Pacific Climate Week 2021 Sends Strong Signal To COP26

Scoop. 10 Jul 2021

The Asia-Pacific Climate Week 2021 Virtual Thematic

Sessions wrapped up today, sending a strong signal that

regional momentum on climate can contribute to success at the

upcoming Climate Change Conference COP26 in November in

Glasgow.

Read further...



ADDITIONAL READS


South Asia risks water insecurity as global warming affects Himalayas

Business Standard, 12 July 2021

Read here...



The heat wave in June was yet another message from nature to us: Stop messing around, or else..., writes Harini Calamur

Free Press Journal, 12 July 2021

Read here ...



How climate is changing our body size, and why our ‘brains are shrinking’

The Print, 11 July 2021

Read here...



Himachal Pradesh: Cloudburst results in flash floods damaging public property, NH blocked in Shimla

Opindia.com, 12 July 2021

Read here...



India's poor can't afford to beat the heat

Gulf News, 10 July 2021


Read here...


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.

She has worked on a multitude of projects in waste management, circular economy, building active citizenship in the community, some of which have won awards.

These also include a project on building climate resilience for UNICEF as well as some award-winning projects. She has been associated with several NGOs in an advisory capacity for over 10 years.