The chief investment officer for AIA says there is "no U-turn" among corporates invested for the long term, even as political regimes change. Meanwhile, China officials say the world's biggest polluter will be "consistent" in its climate action.
Three new irrigation dams have been approved in Cambodia’s Cardamom Mountains, overlapping with two carbon credit projects. The new developments join five hydropower projects that are already eating into these same forests.
The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.
As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.