Basel Committee adds climate risks to banking supervision standards
THE Basel Committee on Thursday approved an update of its banking supervision guidelines that includes risks from climate changes and the digitalisation...
As COP29 planning begins, reforms needed to fulfil Paris ambition
PLANNING for this year’s global climate conference, COP29, has begun in earnest – and organisers expect it to be fossil fuel giant...
Temasek-BlackRock joint venture closes inaugural decarbonisation-focused fund at US$1.4 billion
INVESTMENT platform Decarbonization Partners – jointly set up by Singapore state investor Temasek and global asset manager BlackRock – has raised US$1.4...
Climate court ruling could set precedents in Europe and beyond
THE political battle against climate change has, so far, largely been driven by government legislation and regulation. However, a key European Court...
Private credit for real estate boosting green building premium
PREMIUMS are piling on for greener or climate-adapted buildings, as private credit funds swoop in to refinance floundering commercial real estate (CRE).
UK firms told to ‘urgently review’ green claims amid crackdown
FIRMS operating in the UK are being advised to go through any products and services around which some sort of sustainability claim...
Asia hit hardest by climate, weather disasters in 2023: United Nations
ASIA was the world’s most disaster-hit region from climate and weather hazards in 2023, the United Nations (UN) said on Tuesday (Apr...
Climate change is stunting our economic growth
IMAGINE you were running for king of the world on a platform of slashing economic growth by 20 per cent forever. You’d...
China wants everyone to trade in their old cars, fridges to help save its economy
CHINA’S world-beating electric vehicle (EV) industry, at the heart of growing trade tensions with the US and Europe, is set to receive...
Expect up to 12x returns for every dollar spent on climate adaptation: StanChart
EVERY dollar that’s invested into climate adaptation and resilience could generate economic benefits worth 12 times as much, said Marisa Drew, the...