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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

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Kenneth Lim

Kenneth Lim

Published Fri, Dec 5, 2025 · 07:00 PM
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    • Key Asian utilities mostly meet only some or fail expectations in addressing climate risk, says a new report.
    • Key Asian utilities mostly meet only some or fail expectations in addressing climate risk, says a new report. ILLUSTRATION: KENNETH LIM

    Climate action

    Asian utilities slow to confront climate risk

    Asia might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report suggests.

    Eleven major power-sector players in Asia are currently losing US$6.3 billion a year to climate-related asset damages and business disruptions, says report authors MSCI and the Asia Investor Group on Climate Change (AIGCC). The annual cost could climb 33 per cent to US$8.4 billion by 2050.

    ESG InsightsClimate changeBusiness risksEnergy & CommoditiesCarbon MarketsAviationCarbon creditsESG

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