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Asia-Pacific Climate Digest: Issue #50 June 2022, Week 3

Compiled by Ms. Purnima Joshi


In corporate news, to neutralize their carbon dioxide emissions, many companies buy certificates from clean power providers, called renewable energy credits, and in other related news, a study published in Nature Climate Change demonstrated the necessity of accurate corporate accounting for emissions reductions. Carbon taxes and voluntary carbon markets work together to compel firms to decarbonize. As has been reported in the past, it continues to emerge through studies that Southeast Asia’s decarboniszation efforts are falling short, despite more countries in the region committing to net-zero emissions


And there’s lots more, so please do read on and do hope you find some updtes to be of interest, just as we did putting it together here…



ENERGY


Climate change: Renewable energy certificates undermine corporate mitigation targets

Natureasia.com, 10 Jun 2022

The use of renewable energy certificates by companies to claim emission reductions may undermine science-based mitigation target, according to a study published in Nature Climate Change. Read further ...




CORPORATE


Companies’ Climate Goals in Jeopardy From Flawed Energy Credits

Bloomberg, 9 Jun 2022

To neutralize their carbon dioxide emissions, many companies buy certificates from clean power providers, called renewable energy credits, allowing them to claim they’re using carbon-free power.

Read further ...



ENVIRONMENT


Southeast Asia 'well short' of 1.5°C climate change goals: Bain, Temasek report

Channel News Asia, 7 Jun 2022

Southeast Asia’s decarbonisation efforts are falling short, despite more countries in the region committing to net-zero emissions, according to a report by Bain & Company, Temasek, with input from Microsoft. Read further ...



From Dhaka to Freetown, climate migration puts cities on alert

Eco-Business, 10 Jun 2022

In climate-vulnerable nations, city mayors say they need cash and a bigger say in forging policies to deal with displacement caused by drought, storms and flooding.

Read further ...




FINANCE


Singapore Launches Green Sovereign Bond Framework

finews.asia, 9 Jun 2022

The city-state set up the framework for issuing public-sector green bonds under its Significant Infrastructure Government Loan Act 2021 (SINGA), the Monetary Authority of Singapore (MAS) and the Ministry of Finance (MOF) said Thursday.

Read further ...



Climate Trailblazers: Towards Net Zero - S1: Financing Asia's Green Transition

Channel News Asia, 7 Jun 2022

A financial revolution is gaining momentum. Carbon taxes and voluntary carbon markets work together to compel firms to decarbonise.

Read further ...



Asian countries: Make climate finance pro-poor, equitable, people-centered

BusinessMirror, 12 Jun 2022

Governments and civil society groups from South and Southeast Asia signed an agreement to enable inclusive, gender equitable, and human rights-based climate and disaster financing for vulnerable nations. Read further ...



ADB OKs P27 million aid to promote green economy

Philstar, 12 Jun 2022

Manila-based Asian Development Bank (ADB) has approved a $500,000 (P26.52 million) technical assistance grant to promote green and inclusive growth in the Philippine and other countries in Asia. Read further ...



RESOURCES


‘Asian water tower’ is facing a worsening supply imbalance, study finds

South China Morning Post, 11 Jun 2022

Global warming and atmospheric circulation changes will worsen water stress in nations downstream of the Third Pole – including India, Bangladesh and Nepal – where about 90 per cent of water is used for irrigation, according to a new study.

Read further ...



CHINA


China vows to adapt better to climate change as risks soar

Channel News Asia, 14 Jun 2022

China's economy and society are at increasing risk from climate change and the country needs to improve adaptation mechanisms and monitoring capabilities at every level of government, according to a new policy document.

Read further ...



Asia-Pacific nations urged to respect China's rise

China Daily, 13 Jun 2022

While the United States and its allies try to hype the so-called China threat in geopolitics, other countries in the Asia-Pacific are urging to show due respect for China's rightful development and cooperative action against climate change, the top existential threat of the region. Read further ...



SOUTH-EAST ASIA


Indonesia’s green belt – Protecting and restoring the country’s mangroves

Asia News Network, 16 Jun 2022

Indonesia harbors the largest area and diversity of mangrove ecosystems in the world that stores 3.14 billion tons of CO2, playing a significant role in mitigating global climate change

Read further ...



FOOD & AGRICULTURE


Charles Sturt leads FishTech initiative to boost food security and climate resilience in the Mekong

news.csu.edu.au, 14 Jun 2022

Charles Sturt University will lead the FishTech initiative as part of a partnership between Australia and Lao to boost food security and climate resilience in the Mekong region in Southeast Asia. Read further ...




EVENTS


At Asia security summit, Japan vows to boost regional security role

Reuters, 10 Jun 2022

Japan's Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China's expansion in the South China Sea to North Korea's nuclear missile programme. Read further...




ADDITIONAL NEWS


Strong partnership over climate change: New Zealand welcomes Australia's climate plan

Wion, 11 Jun 2022

Read here ...



K-pop industry seeks ways to join eco-friendly movement

The Korea Herald, 14 Jun 2022

Read here ...




In hottest city on Earth, mothers bear brunt of climate change

Reuters, 14 Jun 2022

Read further...




Climate change a greater threat to security than war, says Fiji

Independent, 12 Jun 2022

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 been working on a multitude of projects in waste management, circular economy, building active citizenship in the community, some projects have won awards. These also include a project on building climate resilience for UNICEF. She is co-founder of a community NGO, and been associated with several NGOs in an advisory capacity for over 10 years. She has also co-founded Swap! - a platform for circular economy and collaborative consumption.








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