Eco-Business

Exclusive As COP29 enters the final stretch, some developing countries are being approached by rich countries to agree on technical assistance and aid instead of promised climate finance, according to civil society organisations.

The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support.

As the New Collective Quantified Goal on climate finance approaches at COP29, China’s stance is drawing significant attention.

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Recalling the 2022 floods, Pakistani minister said that quick and efficient disbursement is key for climate funds to work.

By Robin Hicks

By Maria Syed

Thomson Reuters Foundation

By Fermín Koop

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Climate campaigners hold a protest action near the US embassy in Manila

Geopolitical turmoil must not be allowed to distract global decision-makers from the urgent imperative of tackling climate change. There is no excuse for letting COP29 conclude without delivering ambitious, credible financing commitments to support climate action – including the clean-energy transition – in developing economies. By Ana Palacio

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 twin crisis faces the people of Myanmar, but while the war could end tomorrow, climate change will still shape the futures of millions. By Luisa F Bedoya Taborda and Michele L Barnes

Elshad Isgandarov COP29 at UNGA week 2024

Azerbaijan's environment minister and COP president, Mukhtar Babayev, argues that while the multilateral system has its flaws, it is the best framework to tackle climate change. By Mukhtar Babayev

By Biswajit Dhar

By Eduardo Araral

By Ali Tauqeer Sheikh

By Jessica Cheam and Liang Lei

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Transition credits explainer video_title card

There is consensus that coal needs to be retired early in Asia, but the mechanisms for financing the phase-out are not clear. This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean power.

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.

Rich nations need to shift investments into renewables instead, they say. The civic space for demonstrations at this year's climate summit, held in Egypt, is more restricted than the Scotland event last year.

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Climate tech podcast with Steve Melhuish

Entrepreneur Steve Melhuish tells the EB Podcast where the biggest opportunities to reduce emissions and make money are in Southeast Asia, and why finding the right economic incentives is critical for climate tech startups.

Asia lags the world in natural catastrophe protection. Part of the problem could be counting extreme weather losses only after they happen, industry insiders tell the Eco-Business podcast.

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.

The populous coal-rich powerhouse has six months to tell investors how it plans to spend G7 money to decarbonise equitably. We ask experts about the risks, strategy, and opportunities.

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