Eco-Business

A levy on carbon majors is being pushed by green groups as one of the sources to operationalise the loss and damage fund in ongoing board meetings leading up to COP29.

A steel manufacturing plants in Indonesia

Investments from China are driving emissions-intensive steel production in Malaysia's steel sector.

India's key export industries such as steel could be hit by the EU’s Carbon Border Adjustment Mechanism, which are designed to make sure Europe’s decarbonisation efforts are not undermined by trade partners with weaker pollution standards.

This year's budget, which includes a S$5 billion energy fund and investment sweeteners for sustainability initiatives, is seen as one that will signal the future priorities for the city-state's new generation of leaders.

By Gao Baiyu

By Gabrielle See

Thomson Reuters Foundation

By Justus Wanzala

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In Asia, industry experts have noted that there is an urgent need for the region to accelerate sustainable financing efforts to achieve net zero emission targets. By Celine Tan

A new international tax taskforce is exploring tax policies that could finance sustainable development and climate action. This could pave the way for a fair taxation system that would accelerate a just transition. By Laurence Tubiana

Moving in the opposite direction from the rest of the world, Indonesia plans to lower its renewable energy ambitions by 2030. The new governing administration needs to make effort to ensure that even the reduced targets are met. By Mutya Yustika

COP28_president_SultanalJaber_UAE_Brussels

Carbon & Climate

How to salvage COP28

The COP28 president needs to deliver his promise to bridge the Global South’s annual US$1 trillion shortfall in climate financing. He can start by endorsing a levy on windfall oil revenues on petroleum states. By Gordon Brown

By Jonathan Abram Dewanto and Mailinda Eka Yuniza

By Aufar Satria and Rauf Usman

By Maria Monica Wihardja

By Ghee Peh

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Automakers are touting overseas investments in electric vehicles, even as they lobby for lower fuel standards in the United States.

At the UN Climate Summit, Hollywood actor Leonardo DiCaprio delivered a stern message to government leaders, telling them to stop ignoring the reality of climate change. Watch his speech here:

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"Earth For All" is an update to the landmark 1972 book that warned of our unsustainable growth. Jørgen Randers, the author who worked on both titles, tells Eco-Business what is at stake if we don't fix our broken economic system.

EB Studio [The EB Podcast] Clean energy is tipped as the solution to Asia's energy trilemma—the need to scale up energy access, but in an affordable and sustainable way. How can technology help the region realise the full potential of clean energy?

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