Climate change

A key element of the deal is the EU allowing international carbon credits to account for a greater share of emissions reductions.

EU reaches tentative deal to set 90% emissions cut goal for 2040

The bloc already has two binding targets: net zero emissions in 2050 and a 55% cut by 2030 from 1990 levels

Asia’s fleet of 2,000 coal plants is also decades younger than that of Europe and the US, and retiring it early requires financial support to end power-purchase agreements.

Tactics to dump coal are failing in Asia as energy demand booms

The region has struggled to wean itself off a fossil fuel that remains a cost-competitive source of stable power thanks to its abundance

A flood-affected region in Indonesia. As exposure to floods increases in South-east Asia, "the risk of disruption and food-supply shocks" will also rise, says the report.

Transport, agriculture most exposed to flood risk in South-east Asia: report

BMI study notes that more people in region will be affected as global warming accelerates and populations in vulnerable areas grow

Changing plant composition may also affect our ability to bake bread or make pasta.

Climate change is affecting our food – and not for the better

What happens when crops grow with more carbon dioxide?

Key Asian utilities mostly meet only some or fail expectations in addressing climate risk, says a new report.
ESG INSIGHTS

Issue 174: Asian utilities ill-prepared for climate risk; compliance sparks demand for carbon credits

This week in ESG: MSCI, Asia Investor Group on Climate Change analyse power sector’s exposure to climate damage; carbon exchange Climate Impact X launches Corsia contract

Floodwaters in North Sumatra. Heavy rains in Indonesia have battered core production hubs for commodities including palm oil and pulp paper.

Where the flood line meets the bottom line for storm-hit South-east Asia

With climate volatility escalating, the region’s hard-won economic resilience is now on thin ice

In Indonesia, the storm has killed at least 700 people and triggered flooding and landslides in Sumatra, a major producer of coal, coffee and palm oil.

Deadly floods’ US$20 billion toll shows Asia’s rising climate risk

Countries in South-east Asia consistently rank among the most at risk

Floodwaters submerging vehicles in Hat Yai, southern Thailand, in late November. At least 34 people died, and thousands more were displaced.

New megacities lie in the path of devastating floods

The monsoon belt from South-east Asia to West Africa is where catastrophic rainfall is set to increase most dramatically

The coastal areas surrounding the Seto Inland Sea account for more than three-quarters of Japan's farmed oyster production.

Japan oysters dying 'en masse', likely due to warmer sea: officials

OYSTERS in Japan are dying en masse in parts of the country’s top production area, likely due to warmer sea temperatures, officials said on Monday (Dec 1).