13. Climate action
Climate change is now affecting every country on every continent. It is disrupting national economies and affecting lives, costing people, communities and countries dearly today and even more tomorrow. The world continues to experience rising sea levels, extreme weather conditions (the North Atlantic hurricane season was the costliest ever recorded) and increasing concentrations of greenhouse gases. This calls for urgent and accelerated action by countries as they implement their commitments to the Paris Agreement on Climate Change.
Read our stories to learn more about SDG Goal 13: Climate action
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Carbon & Climate
‘Tough decisions ahead’: Malaysia must harmonise state and federal jurisdictions over carbon ahead of climate change bill
Over the next three months, Malaysia's environment ministry will consult state and federal actors, as well as industry and civil society groups as it prepares a draft of the bill.
To prepare for climate-fuelled floods and heat, Bangladesh's garment factories are using new data sources, including worker input.
Policy & Finance
Life insurer Prudential makes key APAC appointments with revamp of sustainability strategy
It is aiming to be a net-zero asset owner by 2050 and for all of its managers to have sustainability-linked KPIs by 2026.
Carbon & Climate
Analysis: China’s steel industry needs time to transition
Energy transition expert Kou Jingna explores the low-carbon marathon being run in China’s steelmaking powerhouse, Shanxi province.
Policy & Finance
Analysis: How green are Pakistan’s political manifestoes?
Opinion
Food & Agriculture
A call to financial institutions: Work with palm oil stakeholders to scale climate action
EB Studio
Mutual benefits are assured when the financial sector collaborates with palm oil stakeholders. FIs can help smallholders secure credit, while getting access to data and insights required to make sound and profitable investment decisions.
Given the escalating climate crisis, multilateral lenders must urgently adopt an approach to development aid that emphasises prevention. By incorporating structural vulnerabilities into their allocation formulas, the World Bank and others can strengthen poor countries' resilience and increase fairness, efficiency, and transparency.
Policy & Finance
Matchmakers for the green transition
Mobilising new climate-finance flows requires identifying less gargantuan, but no less important, green projects that are attractive to a wide range of investors, both geographically and in terms of size. Digital platforms that offer these matchmaking services will be crucial to meeting our climate commitments.
Policy & Finance
Climate disclosure rules are expanding. Companies need to keep up
Many more businesses will soon be obligated to disclose their climate-changing emissions, which could drive action to reduce them.
Policy & Finance
Realising the potential of the climate loss and damage fund
Policy & Finance
COP28 outcome makes green skills business-critical
Videos
Carbon & Climate
Greenpeace activists block Shell facility in Philippine port to demand climate reparations
The action comes despite the oil giant suing the environmental group for US$2.1 million after demonstrators boarded the company’s vessel at the Atlantic Ocean in January.
Launched as policymakers lock horns with petrochemicals lobbyists over a treaty to end plastic pollution, the documentary produced by Eco-Business asks why opportunities to solve humanity's waste crisis are being wasted. It will premiere in Singapore and screen on the sidelines of the upcoming COP28 climate summit.
Policy & Finance
Tackling climate change in a mosaicked Asia
EB Studio
Asia's green transition pathways need to be socially inclusive given huge differences in economic development across the region, says experts at the Boston Consulting Group. State-owned enterprises have an "outsized" role to play, they add.
The Green Mortician is the city-state's first water cremation service, which has a small carbon footprint compared to traditional funeral options.
Podcasts
Energy
Scrutiny, Scope 3 and Asian realities: Petronas sustainability chief on climate action at COP28
The oil and gas sector needs to cut operational emissions faster, Charlotte Wolff-Bye tells the Eco-Business podcast. But slashing fuel output won’t do for the Asian supplier, and it welcomes respectful debate at the climate summit.
Carbon & Climate
Seeing through the haze – is palm oil still to blame?
EB Studio
Transboundary haze pollution is back with a vengeance in Southeast Asia. The Eco-Business Podcast talks to RSPO CEO Joseph D'Cruz about what the palm oil sector can do to put out the peatland fires that have burned annually for four decades.
Policy & Finance
‘We do not just adopt global standards, we respond to domestic challenges’: Philippine central bank exec Lyn Javier
The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.
Carbon & Climate
‘A 1.1°C warmer world is already a matter of life and death’: Climate scientist Winston Chow
The Singapore scientist, recently elected to the UN's top climate body, tells the Eco-Business Podcast about the precarious state of climate adaptation in developing Asia. The region is not well-prepared to manage the cascading risks of extreme climate events, he says.
