State electricity firm PLN has slowed renewables deployment, says the deputy head of the country's Just Energy Transition Partnership secretariat. Investors should back captive power instead of grid-based projects, she suggests.
A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.
Despite near-term volatility, Singapore’s sovereign wealth fund sees closer trade ties between China and developing countries as a long-term tailwind for investments into clean energy technologies.