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.
Climate timelines are not set by elections or cost curves, reminds the country’s ex-central banker Ravi Menon. But he cautioned that in the short term, political headwinds and the US climate retreat could impact investment decisions.
Amid concerns that cleantech production's carbon output may offset the country's renewables gains, a new analysis finds that the “big three” products – EVs, batteries and solar – only made up 0.9 percentage points of 2024 emissions growth.