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Compiled by Ms. Purnima Joshi
In corporate news, to neutralize their carbon dioxide emissions, many companies buy certificates from clean power providers, called renewable energy credits, and in other related news, a study published in Nature Climate Change demonstrated the necessity of accurate corporate accounting for emissions reductions. Carbon taxes and voluntary carbon markets work together to compel firms to decarbonize. As has been reported in the past, it continues to emerge through studies that Southeast Asia’s decarboniszation efforts are falling short, despite more countries in the region committing to net-zero emissions
And there’s lots more, so please do read on and do hope you find some updtes to be of interest, just as we did putting it together here…
ENERGY
Climate change: Renewable energy certificates undermine corporate mitigation targets
Natureasia.com, 10 Jun 2022
The use of renewable energy certificates by companies to claim emission reductions may undermine science-based mitigation target, according to a study published in Nature Climate Change. Read further ...
CORPORATE
Companies’ Climate Goals in Jeopardy From Flawed Energy Credits
Bloomberg, 9 Jun 2022
To neutralize their carbon dioxide emissions, many companies buy certificates from clean power providers, called renewable energy credits, allowing them to claim they’re using carbon-free power.
ENVIRONMENT
Southeast Asia 'well short' of 1.5°C climate change goals: Bain, Temasek report
Channel News Asia, 7 Jun 2022
Southeast Asia’s decarbonisation efforts are falling short, despite more countries in the region committing to net-zero emissions, according to a report by Bain & Company, Temasek, with input from Microsoft. Read further ...
From Dhaka to Freetown, climate migration puts cities on alert
Eco-Business, 10 Jun 2022
In climate-vulnerable nations, city mayors say they need cash and a bigger say in forging policies to deal with displacement caused by drought, storms and flooding.
FINANCE
Singapore Launches Green Sovereign Bond Framework
finews.asia, 9 Jun 2022
The city-state set up the framework for issuing public-sector green bonds under its Significant Infrastructure Government Loan Act 2021 (SINGA), the Monetary Authority of Singapore (MAS) and the Ministry of Finance (MOF) said Thursday.
Climate Trailblazers: Towards Net Zero - S1: Financing Asia's Green Transition
Channel News Asia, 7 Jun 2022
A financial revolution is gaining momentum. Carbon taxes and voluntary carbon markets work together to compel firms to decarbonise.
Asian countries: Make climate finance pro-poor, equitable, people-centered
BusinessMirror, 12 Jun 2022
Governments and civil society groups from South and Southeast Asia signed an agreement to enable inclusive, gender equitable, and human rights-based climate and disaster financing for vulnerable nations. Read further ...
ADB OKs P27 million aid to promote green economy
Philstar, 12 Jun 2022
Manila-based Asian Development Bank (ADB) has approved a $500,000 (P26.52 million) technical assistance grant to promote green and inclusive growth in the Philippine and other countries in Asia. Read further ...
RESOURCES
‘Asian water tower’ is facing a worsening supply imbalance, study finds
South China Morning Post, 11 Jun 2022
Global warming and atmospheric circulation changes will worsen water stress in nations downstream of the Third Pole – including India, Bangladesh and Nepal – where about 90 per cent of water is used for irrigation, according to a new study.
CHINA
China vows to adapt better to climate change as risks soar
Channel News Asia, 14 Jun 2022
China's economy and society are at increasing risk from climate change and the country needs to improve adaptation mechanisms and monitoring capabilities at every level of government, according to a new policy document.
Asia-Pacific nations urged to respect China's rise
China Daily, 13 Jun 2022
While the United States and its allies try to hype the so-called China threat in geopolitics, other countries in the Asia-Pacific are urging to show due respect for China's rightful development and cooperative action against climate change, the top existential threat of the region. Read further ...
SOUTH-EAST ASIA
Indonesia’s green belt – Protecting and restoring the country’s mangroves
Asia News Network, 16 Jun 2022
Indonesia harbors the largest area and diversity of mangrove ecosystems in the world that stores 3.14 billion tons of CO2, playing a significant role in mitigating global climate change
FOOD & AGRICULTURE
Charles Sturt leads FishTech initiative to boost food security and climate resilience in the Mekong
news.csu.edu.au, 14 Jun 2022
Charles Sturt University will lead the FishTech initiative as part of a partnership between Australia and Lao to boost food security and climate resilience in the Mekong region in Southeast Asia. Read further ...
EVENTS
At Asia security summit, Japan vows to boost regional security role
Reuters, 10 Jun 2022
Japan's Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China's expansion in the South China Sea to North Korea's nuclear missile programme. Read further...
ADDITIONAL NEWS
Strong partnership over climate change: New Zealand welcomes Australia's climate plan
Wion, 11 Jun 2022
K-pop industry seeks ways to join eco-friendly movement
The Korea Herald, 14 Jun 2022
In hottest city on Earth, mothers bear brunt of climate change
Reuters, 14 Jun 2022
Climate change a greater threat to security than war, says Fiji
Independent, 12 Jun 2022
CGM's Asia-Pacific Climate Digest is compiled by communications consultant Purnima Joshi.
With over two decades of experience in corporate communications, Purnima combines her skills in creative and communication along with her passion for working for the community. She has been working on a multitude of projects in waste management, circular economy, building active citizenship in the community, some projects have won awards. These also include a project on building climate resilience for UNICEF. She is co-founder of a community NGO, and been associated with several NGOs in an advisory capacity for over 10 years. She has also co-founded Swap! - a platform for circular economy and collaborative consumption.
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