China’s central government listed “boosting consumption and stimulating domestic demand” as its first “major task” for 2025, at the recently closed “two sessions”.
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.
Japan and South Korea are rallying support for a charge on the international shipping sector's emissions to raise funds for climate action. China and Indonesia oppose the plans as the International Maritime Organisation concludes its meetings ahead of the climate summit in April.