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Cop29

International

Hong Kong official calls Trump climate pullback ‘disappointing’

Developing nations will need an estimated US$1.3 trillion a year by 2035 in financial assistance to transition to renewable energy and climate-proof their economies.
International

World Bank and IMF climate snub ‘worrying’, says COP29 presidency

There were a host of monumental achievements last year – from the closure of the UK’s last coal-powered electricity plant and the continued rapid growth of renewables to deforestation in the Brazilian Amazon (above) falling to a nine-year low in the 12 months to July 2024.
ESG

Here’s why I’m optimistic about climate financing

COP29 saw 150 countries pledge to collectively deploy 1,500 gigawatts of energy storage by 2030, six times the level of 2022.
Opinion & Features
THE BOTTOM LINE

A break in the clouds: What COP29 got right and why it matters

The use of sustainability-linked compensation fell sharply among Singapore’s top companies in 2024, KPMG has found.
Sustainable Finance
ESG INSIGHTS

Issue 128: Trend reversal on ESG-linked pay; COP29’s shortfall leads us back to private capital

Close to 200 countries were hammering out a climate finance agreement with battle lines drawn between developing countries often suffering the brunt of climate change, and developed countries obligated to provide funds due to their historical contribution to global warming.
ESG

Asean governments face risk of fiscal strain from climate change without policies to attract private capital

At COP29, developed nations agreed on US$300 billion as a climate finance goal to help developing nations. But, it is estimated that South-east Asia alone needs US$210 billion annually to meet its transition needs.
ESG

COP29 shows South-east Asia’s energy transition needs private finance; effective policies will catalyse that

Newly minted Indonesian President Prabowo Subianto made a big splash at the recent G20 summit, where he announced that the country will bring forward its net-zero target by a decade.
ESG

Indonesia’s renewable capacity targets not enough to meet new net-zero aim: report

SOCAR VIce-President Afgan Isayev speaks during the summit on methane and non-CO2 greenhouse gases at the United Nations COP29 climate change conference in Baku, Azerbaijan. Nov 12, 2024.
ESG

Top UN court to open unprecedented climate hearings

Vehicles transferring coal in China. Over the past decade and even just last year, fossil fuel energy has increased twice as much as green energy.
Opinion & Features

Expensive climate policy is dead – and it could be an immense opportunity

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