News / 东南亚
Funding for palm oil plantation expansion provided by MUFG's Indonesian subsidiary led to haze pollution from converted peatlands in South Sumatra, in breach of the bank's sustainability policy, analysis by Rainforest Action Network finds. In response, MUFG only said it conducts "rigorous" assessments of its palm oil clients.
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The operationalisation of Article 6 at COP29 can be a critical lever to enable Asia Pacific’s transition to a low-carbon economy. Fragmented standards across countries, however, still present implementation challenges amid global geopolitical shifts.
Environmental defender Meenakshi Raman, who has long advocated for climate justice for the Global South, warns that a lack of transparency and delayed adoption of the amendments of Malaysia's National Forestry Act by states can exacerbate resource exploitation.
Cambodia, Vietnam, Thailand and Malaysia's solar panel makers face varying tariff rates. Chinese manufacturers have already moved operations elsewhere, and smaller local players and workers will bear the brunt of the fallout.
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