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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.
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).
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.
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
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.
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.
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
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.
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
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.
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
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.
ADDITIONAL READS
South Asia risks water insecurity as global warming affects Himalayas
Business Standard, 12 July 2021
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
How climate is changing our body size, and why our ‘brains are shrinking’
The Print, 11 July 2021
Himachal Pradesh: Cloudburst results in flash floods damaging public property, NH blocked in Shimla
Opindia.com, 12 July 2021
India's poor can't afford to beat the heat
Gulf News, 10 July 2021
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.
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