Developing the credit markets will address a funding gap for nature-based solutions, said Tharman Shanmugaratnam. His proposal faced pushback from other panellists at the World Economic Forum who cautioned against commodifying nature.
Asia Pacific nations face mounting climate costs as the world crosses the 1.5°C threshold, with extreme weather driving inflation, disaster risks and a US$815 billion annual financing gap for adaptation and resilience.
A new natural capital accounting law and approved global carbon market trading rules could drive nature-based solutions. Eco-Business examines six key trends in the Philippines' push for decarbonisation and a just transition.
Delivering his address at the World Economic Forum, vice-premier Ding Xuexiang said China’s green pursuits are long-term and not “an act of expediency”. He is the first senior Chinese leader to address concerns over an imminent tariff war since US president Donald Trump kicked off his second term.
Investors now need to be fully aware of the environmental and social implications of geopolitics – or else remain oblivious to the risks and opportunities. ESG must become ESGG.
Oleh
Steven Okun, Gillian Meyers
Engaging the world’s largest polluter on climate solutions has not been smooth sailing. Supply chains are highly inter-connected and businesses find that they need to tread along a tightrope between China and the West, even on climate.
Oleh
Junice Yeo
By emphasising a multi-stakeholder approach to political decision-making, international institutions have enabled corporate actors to dominate the conversation about how and what we eat. But addressing hunger and malnutrition requires a strategy that focuses on human rights and government accountability.
Oleh
Nora McKeon