Nature-based solutions critical to S-E Asia’s adaptation to global warming
FLOODS, droughts and chronic heat are the most pressing areas in which South-east Asian countries must prioritise adaptation investments, sustainability professionals told The Business Times.
While companies need to address their physical risk exposure, greater onus is on governments to implement system-wide policy changes that integrate climate resilience into urban planning and economic development, the observers said. The effectiveness of nature-based solutions, in particular, should not be underestimated.
Those comments came in the wake of the Paris Agreement’s first “Global Stocktake” synthesis report, which showed that adaptation efforts are not keeping pace with increasing climate impacts and risks. The report will play a key role in the upcoming United Nations Climate Conference in Dubai, which begins in late November, as negotiators contemplate the future of their climate commitments.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1