Despite being highly vulnerable to climate risk, Sri Lanka is slow to tap into climate funding due to a range of issues including inadequate data systems, institutional weaknesses and limited capacity to design and implement viable projects.
Asia Pacific nations face mounting climate costs as the world crosses the 1.5°C threshold, with extreme weather driving inflation, disaster risks and a US$815 billion annual financing gap for adaptation and resilience.
A new natural capital accounting law and approved global carbon market trading rules could drive nature-based solutions. Eco-Business examines six key trends in the Philippines' push for decarbonisation and a just transition.
In 2015, Indonesia announced the construction of seven dams to provide water in East Nusa Tenggara province, an eastern region of the archipelago where access to freshwater is scarce during the annual dry season.