Climate-related losses reach P506 billion in last decade
MANILA, Philippines — The Philippines suffered more than P500 billion in damage from weather extremes over the past decade, the Department of Finance (DOF) said.
Combating pollution one motorbike at a time
Sector: Electric vehicles Addressable market: RM700 million in Malaysia Intellectual property status: International IP for lithium batteries Product description and USP: Malaysia’s first electric motorbike manufacturer, which uses patented lithium ion-based energy cells Currently exporting: Yes, to Thailand Industry challenges: Getting the public to consider two-wheel EVs when purchasing new motorcycles and getting more sales Eclimo Sdn Bhd, […]
Commentary: Ambitious oil facility in Pengerang, Johor a gamble given global climate change agenda
KUALA LUMPUR: One of the most ambitious projects of Petronas, Malaysia’s national oil company, will soon be fully operational.
Commentary: Electricity in Indonesia getting more expensive thanks to climate change
Extreme weather conditions have caused disruptions and financial losses to electricity companies, says Kamia Handayani. ENSCHEDE: Severe weather conditions triggered by climate change can adversely affect the operation of power plants. Heavy rainfall, heatwaves and lightning can disrupt electricity transmission and distribution networks and cause power outages. A 2019 World Bank report showed natural shocks and […]
Commentary: Is carbon neutrality possible for coal-addicted Indonesia?
DELFT, Netherlands: In May 2021, Indonesia’s biggest utility company, Perusahaan Listrik Negara (PLN), pledged to phase out fossil fuels by 2060 in order to achieve carbon neutrality. The announcement marks a dramatic shift in the country’s electricity policy that has long been dependent on fossil fuels, especially coal.
Commentary: Thailand gives up plastic bags yet leaves rampant consumerism intact
Environmental consciousness in Thailand tends to romanticise its natural heritage rather than think pragmatically about its future, says an expert. LONDON: Thailand recently took an important step towards environmental protection when 75 leading retailers stopped issuing plastic bags to shoppers. This step continues a campaign started by environmentalists and local governments in Thailand to reduce […]
Committed to CO2 emissions reduction, Pertamina teams up with Japanese company and ITB
Indonesia’s largest oil and gas company, state-owned PT Pertamina (Persero) continues to actively advocate the government’s efforts to reduce greenhouse gas (GHG) emissions by 29 percent, or with international assistance by 41 percent by 2030. The global commitment was made with the signing of the Paris Agreement at the Climate Change Conference (The Conference of […]
Companies in Asia Need to Wake Up to New Normal of Climate Change
These days, the reminders of how rapidly the world’s climate is changing come with depressing frequency. In just the past few months, we’ve had heatwaves in Europe and the US, floods and droughts in India, wildfires in Siberia and Typhoon Hagibis, which killed dozens in Japan. Added to that, a recent landmark report by the United Nations’ Intergovernmental Panel […]
Companies urged to adopt ESG standards
KUALA LUMPUR: Companies stand to lose substantial investment opportunities without environmental, social and governance (ESG) compliance, which has become an increasingly important criterion for inclusive, equitable and sustainable growth.
Competing over climate: Myanmar’s valuable and climate-vulnerable geography
Thant Myint-U, the noted historian of modern Burma and grandson of former United Nations Secretary General U Thant, has documented the myriad ways in which China and India compete for resources and influence in what he’s termed “the new crossroads of Asia.” The features that make Myanmar attractive to both these two Asian giants are […]