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Asia-Pacific Climate Digest: Issue #51 Week 4, June 2022

Updated: Sep 20, 2022

Compiled by Purnima Joshi


Over the past week, Southeast Asian governments have been teetering to combat the

double whammy of inflationary and climate pressures simultaneously, against the backdrop of the Russia-Ukraine war. As if this was not burden enough, the head of the World Trade Organization finally decided to put climate change at the heart of its negotiations, and insisted on Monday (Jun 13) that turning trade green was now urgent business.


With all things green being favored, green hydrogen has been billed as the fuel of the

future, and is touted as a solution to everything from removing Europe’s dependence on

Russian fossil fuels to feeding Asia’s ferocious growing appetite for sustainable energy.

Meanwhile, Chinese listed companies lag behind their regional and global counterparts in

setting net-zero emission targets, showing a lack of urgency almost two years after the

country pledged to achieve carbon neutrality status by 2060.


And there’s lots more in this issue, so hope it makes an enjoyable read…



INDUSTRY


Southeast Asia caught between a commodity crisis and a climate crunch

fulcrum.sg, 14 Jun 2022

Southeast Asian governments are facing inflationary and climate pressures simultaneously, against the backdrop of the Russia-Ukraine war. Read further ...



WTO goes green as climate change impacts trade

Channel News Asia, 14 Jun 2022

The World Trade Organization's boss insisted on Monday (Jun 13) that turning trade green

was now urgent business, with the WTO putting climate change at the heart of its negotiations. Read further ....



3 Ways the Central Asia Cement Industry Is Addressing Sustainability

forconstructionpros.com, 20 Jun 2022

United Cement Group consistently implements programs to reduce emissions into the air

and gradually transit to ESG-oriented investments. Here are three examples of cement plants increasing efficiency and reducing air

pollution in Central Asia. Read further ...


CHINA


China In-Focus — Asian giant vows to adapt better to climate change; Strike disrupts chip shipment to China

Arab News, 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..



Climate Change: China’s firms lag behind Asia, North America, Europe in net-zero targets with only 4 per cent adherence, study finds

Yahoo news, 14 Jun 2022

Chinese listed companies are lagging behind their regional and global counterparts in setting net-zero emission targets, showing a lack of urgency almost two years after the country pledged to achieve carbon neutrality status by 2060. Read further...



CORPORATE


Climate-change: BlackRock votes against fewer directors as more companies adopt TCFD framework for risk disclosures, panel hears

SCMP, 19 Jun 2022

More companies in Asia are adopting a rigorous international framework for disclosing climate risk, resulting in fewer companies seeing the world’s largest asset manager, BlackRock, vote against re-election of their directors, its regional head of

investment stewardship said during a panel discussion.

Read further ...


ENERGY


Asia needs to do more to unleash renewable energy potential

AsiaNews, 16 Jun 2022

The Minister of Natural Resources and Environment on Wednesday sent a message, highlighting seven focus points to fully unleash Asia’s potential for renewable energy development.

Read further ...



Governments, firms make new bet on green hydrogen as climate fix

Al Jazeera, 22 Jun 2022

It has been billed as the fuel of the future – touted as a solution to everything from Europe’s dependence on Russian fossil fuels to Asia’s ferocious growing appetite for sustainable

energy. Read further ....



OPINION: Confronting the new carbon bomb in Southeast Asia

Thomson Reuters Foundation News, 20 Jun 2022

Southeast Asia has chosen its path away from coal but that was not the end of the story. Read further ...





HEALTH


Dirty air ‘cuts South Asia life expectancy by 5 years’

Eco-Business, 20 Jun 2022

People living in South Asia could lose about five years of their lives on average unless air quality improves to WHO-prescribed levels, according to a new assessment. Read further ...




Commentary: Climate change poses an immediate health crisis for Asia

Channel News Asia, 15 Jun 2022

The worldwide trend of governments, businesses and other large organisations pledging net-zero carbon emissions to combat climate change is a worthy one. Read further ...




ENVIRONMENT


Singapore Land Authority, NTU collaborate on climate research

Channel News Asia, 16 Jun 2022

More accurate readings of changes to Singapore's land height and sea levels will be available, under a new partnership between the Singapore Land Authority and NTU's Earth

Observatory of Singapore. View Video here ...



Australian activists file legal bid to stop gas project

The Jakarta Post, 22 Jun 2022

Australian conservationists have launched a legal bid to block a massive gas project, saying it would harm the Great Barrier Reef by warming the planet. Read further ...




China Hit by Floods and Heat Waves in Climate Double Whammy

Bloomberg News, 20 Jun 2022

Record rains in China’s southern provinces have forced millions of people to relocate even as the country’s north experiences abnormally high temperatures, showing the dual impacts

of climate change in the world’s second-biggest economy. Read further ...


FINANCE


Barclays says climate disaster will collapse major currencies

The Straits Times, 15 Jun 2022

A severe climate shock in the next 50 years will wreak havoc on the global economy and upend currency markets as we know them, according to a new study by Barclays. Read further ...




Google backs a VPN Fund to help Green tech non-profits in Asia-Pacific

pioneerspost.com,

Asia’s biggest network of social investors seeks to “open a floodgate” of green funding in the region, where climate disasters hit an estimated 57m people last year. Read further ...




Managing climate risk with private insurance

dandc.eu, 22 Jun 2022

Too many people are not insured against climate risks, and that is especially so in low income countries. For things to change fast, the business environment must improve. 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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