Climate Change Tag

19 May BRICS Nations Issues a Joint Statement on Tackling Climate Change

Posted at 12:17 by Tina Zhang

The BRICS countries released a joint statement on May 13 during the virtual BRICS High-level Meeting on Climate Change, as reported by Xinhua on May 14. The meeting was chaired by Huang Runqiu, Minister of China’s Ministry of Ecology and Environment (MEE), and attended by...

10 Mar INSIGHTS | Time to Adapt: Financing for a Warming World

Posted at 16:15 by Helena Zhu

The Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on climate science, released the “Working Group II: Impacts, Adaptation and Vulnerability Report” (WG2 report) on February 27, 2022, as the second part of its sixth assessment report (AR6). The 3675-page report summarized the...

21 Feb Singapore to Issue First Green Sovereign Bond under USD26bn Financing Plan

Posted at 11:25 by Lexy Li

Singapore will issue its first green sovereign bond as part of a plan to access the market for USD26bn by 2030 to fund environmental projects, as reported by Bloomberg on February 18. According to a Finance Ministry official, this is an increase over last year's...

06 Jan Taiwan’s BLF to Issue USD2.3bn Climate Change Stock Mandate

Posted at 11:11 by Jordy Leo

Taiwan’s largest pension fund, the Bureau of Labor Funds (BLF), will launch a global climate change-related stock mandate program in 2022, as reported by Reuters on January 5. The mandate with a value of USD2.3bn will refer to Paris Aligned climate-aligned indexes for the benchmark...

16 Dec Tackling the Other Greenhouse Gas Emissions: Methane

Posted at 14:25 by Helena Zhu

The conversation around decarbonization and climate change mitigation has long been dominated by the reduction of carbon dioxide (CO2), the most common greenhouse gas. However, during this year’s United Nations climate summit COP26, methane as another form of greenhouse gas rose to the spotlight in...

01 Dec BOJ Includes 43 Lenders in Its Zero-Interest Climate Loan Scheme

Posted at 10:17 by Jordy Leo

The Bank of Japan (BOJ) [8301:JP] announced on November 26 that 43 financial institutions are qualified to receive loans under a new scheme targeting activities aimed at combating climate change, as reported by Reuters on the same day. BOJ rolled out this program in July...

29 Nov China to Limit Methane Emissions in Coal, Agricultural, Waste Disposal Sectors

Posted at 11:48 by Jordy Leo

China, the world’s biggest emitter of human-caused methane, is drafting a national action plan for methane emission control during its 14th Five-Year Plan (2021-2025) period, as reported by Reuters on November 25 citing the Ministry of Ecology and Environment (MEE). MEE’s deputy director for climate...

17 Nov China, US Release a Declaration to Jointly Tackle Climate Change

Posted at 15:15 by Tina Zhang

China and the US announced the US-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s on November 10 at the COP26 climate summit in Glasgow, as reported by Reuters on the same day. Following the official announcement, the two countries planned to establish...

11 Nov Singapore to Crack Down Greenwashinig via Stress Tests, Disclosure Requests

Posted at 09:51 by Haiyan Luo

Singapore’s financial watchdog, the Monetary Authority of Singapore (MAS), is planning to deal with greenwashing issues through regulations and technologies, as reported by Bloomberg on November 7. Banks in Singapore will have to conduct stress tests that included climate-related scenarios from 2022 while making required...

03 Nov Japan Pledges to Add USD10bn to Financing Asia’s Decarbonization at COP26

Posted at 17:31 by Una Qu

Japan’s Prime Minister Fumio Kishida announced at the UN COP26 on November 2 that the country will provide up to USD10bn in additional supports for the decarbonization of Asian countries over the next five years, based on the previous USD60bn committed, as reported by Kyodo...

02 Nov China Submits Renewed NDCs to Lower over 65% Carbon Intensity

Posted at 17:57 by Tina Zhang

China submitted its renewed nationally determined contributions (NDCs) and long-term emission control strategies to the United Nations (UN) on October 28, according to Caixin on the same day. According to China’s updated NDCs, China committed to achieving carbon neutrality by 2060, in addition to the...

28 Oct From Paris Agreement to COP26: A Finance Perspective

Posted at 15:46 by Helena Zhu

For almost three decades, the United Nations has brought together nearly every country on the planet for an annual global climate summit, called the Conference of the Parties (COP). This November, the world will intently watch the COP26 summit, which runs from October 31 to...

20 Oct India to Announce New 2030 Climate Targets at COP26

Posted at 17:15 by Una Qu

India is expected to update its climate targets, also known as nationally determined contributions (NDCs), under the Paris Agreement at the upcoming 2021 UN Climate Change Conference (COP26), opening on October 31, as reported by Economic Times on October 18. According to sources familiar with...

19 Oct South Korea Scales Up Climate Pledge Ahead of COP26

Posted at 16:13 by Helena Zhu

South Korea has officially scaled up climate ambition and committed to reducing carbon emissions by 40% from 2018 levels by 2030, as reported by Reuters on October 18. The new target was proposed as the country’s revised nationally determined contribution (NDC), as nations are expected...

30 Sep How Companies Can Build Business Climate Resilience

Posted at 14:53 by Haiyan Luo

Climate change has displaced over 22.5 million people, more than 800 million people lack sufficient food, and over one million animal species are facing extinction. The Intergovernmental Panel on Climate Change (IPCC), a United Nations (UN) body for assessing the science related to climate change,...