The Business Times
business-time-50
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

Summarise
google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Fri, Dec 5, 2025 · 07:00 PM
阅读简体中文版 (beta)
    • 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

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More