Singapore’s biggest green business initiative celebrates 10 years [Press Release]

April 7, 2016 by  
Filed under News

Singapore, 1 April 2016 – Japanese electronic multinational Ricoh Asia Pacific today kicked off the 10th anniversary of its Eco Action Day initiative with a call for organisations and individuals to pledge positive actions for the environment in Singapore.

Eco Action Day is Singapore’s largest and longest-running business-led environmental initiative held in conjunction with the United Nations Environment Programme’s World Environment Day (WED), which is celebrated on June 5 every year.

In light of the historic Paris Agreement which was successfully negotiated by 195 global leaders at the United Nations climate conference – widely known as COP21 – in the French capital last December, this year’s Eco Action Day will focus on Singapore’s efforts to mitigate climate change. Read more

Increasing resilience is essential to secure future investment from climate change

December 10, 2015 by  
Filed under Strategy and Leaders

This article is contributed by Jovin Hurry, who is reporting from Paris.

COP21

A climate resilient society and economy is essential to secure hard-won development gains and to ensure that future investment is not lost to climate change. A resilient society and economy suffers little and recovers more quickly from natural disasters.

Sadly, extreme climate already impacts hundreds of millions of people every year, undermining or destroying their livelihoods, their homes and their environment. The Rockefeller Foundation estimates that over the last 30 years, $1 out of every $3 spent on development has been lost as a result of such recurring crises, a total loss of $3.8 trillion worldwide.

The high-level discussion at COP21 in Paris on resilience covered the full spread of peoples’ needs as they face increasing climate impacts. It underlined the fact that building effective resilience cannot be achieved in a disconnected fashion, for example, giving people early warning of extreme climate events may save their lives, but there is no additional economic benefit if they cannot get insurance in the first place. Read more

How the financial sector is taking account of climate-related risks

December 10, 2015 by  
Filed under Strategy and Leaders

This article is contributed by Jovin Hurry, who is reporting from Paris.

COP21

As the ministers now negotiate the details of the COP21 Paris Agreement, some of the top key questions arising are how to finance the promised projects and what climate-related risks to shoulder.

Earlier this year, G20 Finance Ministers and Central Bank Governors asked the Financial Stability Board (FSB) “to convene public- and private- sector participants to review how the financial sector can take account of climate-related issues”.

The FSB has been established to coordinate at the international level the work of national financial authorities and international standard setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies in the interest of financial stability. Read more

Climate Funding Announcements Pre-COP and During COP Showcased on Web

December 9, 2015 by  
Filed under News

The UN Framework Convention on Climate Change (UNFCCC) has compiled recent and current announcements of climate funding on its web site alongside a simple graphic.

Link: http://newsroom.unfccc.int/financial-flows/list-of-recent-climate-funding-announcements/

The graphic is also available at http://climatefundingsnapshot.com/

The list is based on announcements that the UNFCCC has received from governments, development banks, the private sector and other partners, noticed in media reports and others gathered from public sources.

The information is neither totally comprehensive nor does it attempt to total the funding amounts concerned or address issues of methodology.

How the creative use of public-private capital can accelerate the financing of low carbon transformations

This article is contributed by Jovin Hurry, who is reporting from Paris.

COP21

Earlier articles on Green Business Singapore such as Shifting into high gear with carbon pricing and The growing financial investment for transition towards a low carbon economy highlighted how climate action from investors, bankers and insurers has increased tremendously, building on the targets and commitments announced at the 2015 UN Climate Summit in Paris.

For instance, by making financing choices – both from a risk and an opportunity perspective – banks realise they can have a huge impact on the real economy. More of them are aligning their policies with climate objectives in order to pursue an orderly path from a fossil fuel economy to a low emitting one. Some have publicly announced that they have stopped financing high emitting sectors. Others have committed to issue or underwrite green bonds that allow for financing new low carbon projects on renewables or energy efficiency. Read more

Next Page »