Amid escalating climate losses and no net zero goal in sight, a newly proposed Low Carbon Economy Investment Act and ambitious private sector-led initiatives only way for Philippine industries to decarbonise.
At COP29, the city-state unveiled a third investment theme to decarbonise hard-to-abate sectors under its national blended finance scheme and pledged to match partner concessional capital dollar-for-dollar.
A new climate guide for the region’s boards of directors warns of growing legal consequences for corporate stewards who fail to account for climate and sustainability-related risks.
The China-EU taxonomy initiative's co-chair Ma Jun revealed that an expanded version will be launched at the upcoming climate summit, with hopes to add large economies like Brazil and Indonesia in the future and become “a globally accepted benchmark for taxonomy development”.