Eco-Business

First week of Baku talks marked by low turnout of leaders, Argentina’s withdrawal, and a gulf between blocs’ demands on a new finance goal.

Rich nations have the “legal and moral obligation” to pay the US$1.3 trillion that developing countries are asking for to endure climate impacts, say advocates. But some Southeast Asian countries may no longer rely on it to adapt to climate change.

The key issue at the UN climate change conference in Azerbaijan will be financing adaptation and mitigation, argues Shafqat Kakakhel.

The blended finance market is "maturing", with rising transaction volumes being driven by private sector investors, development finance institutions and multilateral development banks. But adaptation funding still lags mitigation, finds a new study.

By Hannah Alcoseba Fernandez

By Rhick Lars Albay and Theodora Abigail

By Samantha Ho

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To achieve global climate goals, we can no longer ignore the people most exposed to the dire consequences of rising temperatures. As developed countries set new climate-finance targets at COP29, they should also devise more inclusive financial services and products to ensure that resources reach vulnerable communities. By Sophie Sirtaine

A street in South Jakarta, with exposed electrical infrastructure

To achieve net zero emissions in Southeast Asia, addressing the significant financing gap is crucial, requiring bold targets and more international support. By Trang Nguyen

Levels of climate finance provided to developing countries compare poorly with their actual requirements. By Biswajit Dhar

Developing countries like Pakistan must grasp the finance architecture for operationalising loss and damage, as it will be key at the upcoming COP. By Ali Tauqeer Sheikh

By Clemens Fuest and Maria Waldinger

By Dr Bernard Njindan Iyke

By Emily Nabong and Aaron Opdyke

By Milad Haghani

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EB Studio From sponge cities to coastal forests, Asia is seeking ways to work with nature and prepare for the risks in a warmer-than-expected future. This Eco-Business video looks at what else cities need to do to strengthen climate resilience.

A coalition of scientists and environmentalists found “widespread economic impacts” for communities in the Philippine province, heightening calls for accountability from the sunken tanker reportedly chartered by a San Miguel Corp subsidiary.

The Philippine government has begun the process of relocating more than 200,000 families living along waterways to restore Manila Bay, the main body of water in the capital.

Eco-Business releases the trailer for a documentary that traces the relationship between ecosystems in the North Pole and Asia, in the second edition of its flagship campaign on climate action, Changing Course.

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UN climate report authors need to commit to the integrity of assessment processes while working with governments with differing interests. Dr Theresa Wong tells the Eco-Business podcast why the stakes are high to get climate science right.

Goumbook launched a regional oceans network that brought discussions on the blue economy to the forefront at the last COP summit. Founder Tatiana Abella tells the Eco-Business Podcast why healthy oceans are important for the Middle East.

In celebration of Indigenous Peoples' month in the Philippines, the former United Nations special rapporteur tells the Eco-Business Podcast about her lifelong work to empower communities in Asia’s most dangerous country for environmental defenders.

The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.

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