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Asia-Pacific Climate Digest Issue #43: Week 2, Feb 2022

Compiled by Ms. Purnima Joshi


As 2022 will see several interesting contests taking place in Southeast Asia’s democracies, it remains to be seen whether green political parties will rise in the process. There’s also new evidence, collected from orbiting satellites, that oil and gas companies are routinely venting huge amounts of methane into the air, businesses across almost every sector of the global economy play a role in the various environmental challenges we face. Climate change is a massive threat to humanity, and therefore, many countries are trying to combat its detrimental effects. When it comes to the impact of climate change, nations are on guard for the major ones: rising sea levels, droughts or floods, extreme weather events. SE Asia is one of the world’s fastest growing economies, and its transition journey will bring about $218 Bn. worth of climate tech investment opportunities between 2018 and 2025. And as the world increasingly looks at using digital technology to accelerate action on issues such as climate change and biodiversity loss, blockchain is pushing to the forefront.

And there’s lots more, so happy reading!



ENVIRONMENT


Carbon offsetting is not warding off environmental collapse – it’s accelerating it

The Guardian, 26 Jan 2022

There is nothing that cannot be corrupted, nothing good that cannot be transformed into something bad. And there is no clearer example than the great climate land grab.

Read further...



A satellite finds massive methane leaks from gas pipelines

npr.org, 3 Feb 2022

There's new evidence, collected from orbiting satellites, that oil and gas companies are routinely venting huge amounts of methane into the air. Read further...





Nature: An untapped resource in the fight against climate change

The Jakarta Post, 29 Jan 2022

Businesses across almost every sector of the global economy play a role in the various environmental challenges we face. Climate change represents the highest profile of these challenges, but it is not the only one we face. Read further ...



Never-ever-seen climate changes in India – The concerns and solutions

Times Of India, 4 Feb 2022

Climate change is a massive threat to humanity, and therefore, many countries are trying to combat its detrimental effects. South Asia, notably India, will be one of the critical places influenced by climate change in its extremes in the coming years, owing to its diversified geography. Read further ...



Everest's highest glacier rapidly losing ice: study

ChannelNewsAsia, 3 Feb 2022

Ice on a glacier near the summit of Mount Everest that took millennia to form has shrunk dramatically in the last three decades due to climate change, a new study has shown.

Read further...



Climate change could change the air that we breathe: NTU study

The Straits Times, 8 Feb 2022

When it comes to the impact of climate change, nations are on guard for the major ones: Rising sea levels. Droughts or floods. Extreme weather events.

Read further...




GREEN ECONOMY


Will green political parties rise in Southeast Asia?

todayonline.com, 8 Feb 2022

2022 will see several interesting contests taking place in Southeast Asia’s democracies. A general ballot — for the Presidency and congress — will be held in The Philippines in early May, while Malaysia and Thailand face the prospect of early polls as political instability and uncertainty roil both nations.

Read further...



FINANCE


Guest Post : A VC investment framework for climate tech best in SE Asia

Deal Street Asia, 31 Jan 2022

SE Asia is one of the world’s fastest growing economies, and its transition journey will bring about $218 Bn. Worth of Climate Tech investment opportunities between 2018 and 2025.

Read further...



HSBC AM unveils Asia ESG bond fund

funds-europe.com, 31 Jan 2022

HSBC Asset Management (HSBC AM) has launched an actively-managed fund that invests in Asian bond issuers with solid ESG credentials. Read further ...




How green is my Budget?

moneycontrol.com, 2 Feb 2022

In what is being hailed as a ‘climate friendly budget’ the trick will be to accelerate the implementation projects while ensuring that further environmental destruction is halted by not wasting more money on ecologically-harmful projects such as the Ken-Betwa

river-linking project. Read further ...



How Asset Managers Are Using New Sustainability Taxonomies

Regulationasia.com, 8 Feb 2022

The sustainable investing market is witnessing remarkable growth, with annual cash flows into sustainable funds annual cash flows into sustainable funds increasing tenfold since 2018. Now, more than ever, investors and asset managers alike seek sustainable products and strategies offering robust financial returns. Read further ...



TECHNOLOGY


In battle against climate crisis, don’t overlook the blockchain

moderndiplomacy.eu, 31 Jan 2022

As the world increasingly looks at using digital technology to accelerate action on issues such as climate change and biodiversity loss, blockchain is pushing to the forefront.

Read further ...



How to Reduce AI’s Carbon Footprint

EETAsia, 31 Jan 2022

Following the conclusion of the COP26 climate conference, private companies and governments alike are stepping up their promises to combat climate change, bringing to bear a mix of public policy and innovative technologies to address one of our era’s defining challenges. Read further...


ENERGY


5 powerful examples of clean energy transitions in Asia

greenbiz.com, 1 Feb 2022

Nowhere in the world is as critical for the clean energy transition as Asia, which accounts for almost half of global energy demand and is today the world’s highest emitting region, overtaking historical heavy emitters in North America and Europe.

Read further ...



GOVERNANCE


5 ways governments and businesses can go green

govinsider.asia, 7 Feb 2022

A billionaire tech mogul dooms Earth by convincing the American government to mine, rather than destroy, a fast approaching comet. Read further ...




A comparison of carbon-neutral policies

Asia Business Law Journal, 7 Feb 2022

Asian policymakers have laid down frameworks to ensure public and private sector involvement in tackling the climate crisis. Read further ...



VIDEO


WATCH: Addressing climate change by creating actionable plans

Rappler.com, 8 Feb 2022

Addressing climate change has a long history of consolidated effort from various stakeholders: governments, the private sector, multinational businesses, and consumers. Read further .


Watch Video



INDUSTRY & CORPORATES


Agency talent willing to leave agencies that work with fossil-fuel clients

PR Week, 8 Feb 2022

If research shows that people are hesitant to work with clients that don’t align with their values, how are agencies managing differing moral choices among employees? Read further...





Ericsson partners to protect Philippines mangrove wetlands

scandasia.com, 2 Feb 2022

The Swedish telecom giant Ericsson, together with PLDT, the Philippines’ largest fully integrated telecommunications company, and its wireless arm Smart Communications strengthen their partnership for nature conservation in the

Philippines, with the signing of a new Memorandum of

Agreement. Read further ...



There’s a disappointing gap between companies’ promises about climate change and the actual results, study says

Fortune, 8 Feb 2022

Over 200 of the world’s largest companies have vowed to get to net-zero emissions by 2040, signaling how seriously they’re taking climate change. But a recent analysis has found that many of those firms aren't doing nearly enough to back up their

promises. Read further..



ADDITIONAL READS


Is Net-Zero Achievable? The World’s 25 Largest Companies Miss the Mark, Report Finds

greenqueen.com, 8 Feb 2022

Twenty-five of the world’s largest companies who have made net-zero emissions pledges won’t hit their targets, says a new assessment from two climate groups. Read further ...





Climate Change Makes The Hard Life Of India’s Invisible Women Farmers Harder

Article-14.com, 26 Jan 2022

Death by suicide among women farmers in India is substantially underreported, as the labour of women on farms is often invisible even to their own communities. As global temperatures rise, we report how India’s beleaguered women farmers now battle climate change along with enduring stigmas and harassment. Read further ...

 

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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