Climate policy

Climate Impact X launches first standardised spot contract for Corsia-eligible credits

The move offers airlines and other market participants ‘efficient access’ to eligible emissions units under the scheme

David Fogarty of UNGCNS notes that while political issues are “fleeting”, the topic of sustainability is evergreen.
TAKING HEART

Sustainability isn’t just the right thing to do; it’s smart business: CEO of UN Global Compact Network Singapore

Research shows that companies with strong ESG practices achieve 88% better operational performance and 50% lower cost of capital

East Asia and South-east Asia are key regions with large pipelines of potential coal phase-out projects, a study finds.
ESG INSIGHTS

Issue 173: Coal confronts imperfect pathways; COP30 leaves world wanting more

This week in ESG: Coal Transition Commission tackles scaling solutions; COP30 wraps up with adaptation target

CapitaLand Investment emits about four times as much carbon dioxide as Mapletree Investments.
ESG INSIGHTS

Issue 170: Potential CapitaLand, Mapletree merger’s ESG challenge; COP30 confronts US pullback

This week in ESG: Temasek-linked real estate companies explore union; report finds US gains at expense of others in climate withdrawal

Asean has emerged as a key player in recent COPs, and things will probably be no different in Brazil, says the writer.

Apac carbon markets embody the COP30 action agenda

Beyond the summit’s focus on forests, carbon trading’s growing momentum across the Asia-Pacific shows the power of implementation

Most major markets in Asia lack consistent climate adaptation plans, says a prominent climate-focused investor group.
ESG INSIGHTS

Issue 166: GIC mainstreams climate adaptation investing; Singapore to tackle reporting of cloud services emissions

This week in ESG: Asian investors focus on financing climate adaptation and resilience; Infocomm Media Development Authority to support companies on digital emissions

Under Singapore’s decarbonisation plan, the government is aiming to peak its own emissions around 2025, and achieve its net-zero target around 2045.

Singapore’s public sector emissions down 1.9% in FY2024: report

The total of 3.6 million tonnes of carbon dioxide equivalent emitted also represents a 9.5% drop from the FY2020 baseline

“No Australian community will be immune” from deadly heat waves, floods, cyclones, droughts and bushfires, said Climate Change and Energy Minister Chris Bowen.

Australia pledges US$6 billion by 2030 to tackle climate hazards as disaster risk rises

Australia is at risk of losing A$40 billion (S$34.1 billion) a year due to climate change

Regulators have given Singapore-listed companies up to five more years to align climate reporting with IFRS standards.
ESG INSIGHTS

Issue 161: SGX extends climate reporting deadlines; Piyush Gupta banks on blended finance, carbon markets

This week in ESG: Market regulator unveils tiered rollout of reporting requirements; former DBS CEO sees market mechanisms lowering decarbonisation costs

EU Climate Commissioner Wopke Hoekstra is in Beijing for high-level talks with Chinese officials on environmental and climate issues.

EU wants to see China taking more ambitious climate action

The number of coal power plants in the pipeline has been increasing in the world’s second-largest economy, according to the World Economic Forum