climate change

Asean lagging behind in sustainability efforts, experts say

SINGAPORE (Sept 18): Southeast Asia is lagging behind in sustainability efforts despite being most vulnerable to climate change, say experts at the BNP Paribas Sustainable Future Forum on Wednesday.

Rintaro Tamaki, president of the Japan Center for International Finance, believes Asia still has far to go in terms of a region-wide, integrated environmental policy to tackle the threat of climate change. And this is despite the region facing numerous cross-border environmental issues.

Growing population and climate risks are seeding interest in food and agriculture investments

SINGAPORE (Sept 16): By year-end, a new strategy focused on the entire food value chain may be made available to investors in Singapore. Amundi-owned subsidiary CPR Asset Management, which has assets under management of more than €47.5 billion ($72 billion), plans to launch its CPR Invest — Food for Generations strategy in the city state.

Read also: Feeling the heat

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Planetary thinking

SINGAPORE (Sept 2): The Swedish climate truthsayer Greta Thunberg has set sail for the US in a zero-emissions racing yacht to generate waves in a different part of the world — including at next month’s United Nations Climate Action Summit in New York. She will arrive in the US at a time of growing transatlantic awareness of the threat posed by climate change. But whether shifts in public opinion will translate into concrete action remains to be seen.

Briefs

SINGAPORE (Aug 26): “This is a trade war that should have taken place a long time ago. Somebody had to do it. I am the chosen one.”US President Donald Trump on the ongoing trade war with China.

No need for economic stimulus yet, PM Lee says

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Climate change debate heats up for businesses as Singapore shores up defence against rising sea levels

SINGAPORE (Aug 26): When 33-year-old Jeremy Tan first visited the Netherlands as an engineering undergraduate about a decade ago, he was mesmerised by the beauty of the countryside, with its iconic windmills and canals.

“We were looking out over a vast expanse of reclaimed land, or what the Dutch call ‘polders’,” Tan says. “As a Singaporean, [I was not as impressed by] reclaimed land anymore. But to learn that the windmills were also part of an elaborate system designed to draw water away from flooded areas — that’s a real engineering marvel.”

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Asean banks failing to respond fast enough to existential environmental threats: WWF report

SINGAPORE (Aug 21): For decades, the financial industry has been accused of not taking climate risks seriously. A new report by conservation organisation WWF suggests that Asean banks, in particular, are dragging their feet on the issue.

The WWF’s 2019 Sustainable Banking Assessment found that none of the 35 banks assessed in Southeast Asia fulfilled all the organisation’s environmental, social and governance (ESG) indicators.

Only four banks achieved about half of these 70 criteria. On the other hand, 51% of the banks met less than a quarter of these standards.

No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

SINGAPORE (Aug 19): Even as Singapore teeters on the edge of a technical recession, Prime Minister Lee Hsien Loong says there’s no need yet for immediate economic stimulus measures.

However, he adds that the government is prepared, and will “promptly respond” with appropriate interventions if the situation worsens.

Speaking at the National Day Rally 2019 on Sunday, Lee acknowledges that Singapore's economic growth has slowed significantly, but notes that retrenchment and unemployment rates in the city state remain low.

UN flags need to cut meat to curb impact of land use on global warming

SINGAPORE (Aug 19): Global meat consumption must fall to curb global warming, reduce growing strains on land and water and improve food security, health and biodiversity, a United Nations report on the effects of climate change concluded.

Although the report stopped short of explicitly advocating going meat-free, it called for big changes to farming and eating habits to limit the impact of population growth and changing consumption patterns on stretched land and water resources.

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Overcoming climate change and healthcare problems with philanthropic dollars

SINGAPORE (July 15): As efforts to prevent the worst effects of climate change gain urgency around the world, Singapore is already taking steps to address the crisis by investing in solar energy, developing more sustainable buildings and expanding the public transport system to reduce the need for cars.

Disclosing this development recently, Senior Minister of State for Environment and Water Resources Amy Khor adds that there is also a carbon tax, from which revenues will be “earmarked for worthwhile projects that improve energy and carbon efficiency”.

How each country contributed to the explosion in energy consumption

SINGAPORE (July 15): The world has almost doubled its energy consumption since 1980. While renewable energy resources such as solar and wind power are getting cheaper to build, much of that demand growth has come from the use of fossil fuels. In fact, half of all carbon emissions from fossil-fuel operations in modern history have come in just the last three decades, putting the earth on a climate precipice.

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