COP28

COMMENTARY

Voluntary carbon markets are making progress – even if official ones aren’t

Indonesia struggles to reduce energy from coal-fired power plants because of "take-or-pay" offtake obligations.
COMMENTARY

Pledge to treble renewable energy in Asean sounds good, but may not be right for all

Climate Impact X chief executive officer Mikkel Larsen says COP28 was  a pivotal moment for carbon markets, and there's clear recognition of the markets’ necessity if the world is to make a “material dent” in climate change.
OUTLOOK 2024

Singapore players anticipate resurgence in voluntary carbon market activity

Grace Fu, Sustainability and Environment Minister, says Singapore would be better placed to help other claimant states through technology transfers and capacity building, rather than contributing monetary grants to the loss and damage fund.

Not meaningful for Singapore to contribute monetary support to loss and damage fund: Grace Fu

China is expected to see a four per cent rise in fossil fuel CO2 emissions this year, with increases in coal, oil and gas as the country continues to rebound from its Covid-19 lockdowns.

China air pollution worsens in 2023, first time in decade

Grace Fu, Minister for Sustainability and the Environment, and Simo Kilepa, Papua New Guinea Minister of Environment, Conservation and Climate Change, at the Dec 8 signing ceremony of the implementation agreement between Singapore and Papua New Guinea.

Papua New Guinea is sole host country on Singapore’s carbon credit eligibility list

Wind turbines in South Sulawesi, Indonesia. Targets committed to at the COP28 climate summit include tripling global renewable-energy capacity by 2030.
THE BOTTOM LINE

Navigating the post-COP28 landscape for global decarbonisation

Workers installing solar panels on the rooftop of an HDB block. The green transition requires a shift in priorities and market assumptions, so that renewables are no longer optionals, but instead mainstream essentials.
THE POLITICS THAT MATTERS TO BUSINESS

What climate negotiations changed

PM Lee describes the Japan-led Asia Zero Emission Community initiative as a “footprint of countries” it wants to cooperate with on green issues.

Singapore welcomes Japan’s leadership to help Asia become greener: PM Lee

Singapore Minister for Sustainability and the Environment Grace Fu (left) and Papua New Guinea Minister of Environment, Conservation and Climate Change Simon Kilepa at the signing ceremony of the implementation agreement between the two countries.
COP28

Singapore’s carbon ambitions intact despite COP28 disappointment