Ground-level ozone is a major air pollutant that shortens human lives and kills thousands each year, resulting in major economic impacts. It is formed when methane, nitrogen oxides and volatile organic compounds (released from vehicles, industry, power plants and crops) react in the presence of sunlight.
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 bill was passed just two days after being tabled in Parliament, despite concerns about inadequate environmental safeguards and high public costs. The government argued that the speed was necessary to secure long-term foreign imports of carbon dioxide.