The 'North Star' for Asia's financial institutions to support decarbonisation is clear and unchanged, despite geopolitical uncertainties and global lenders quitting the industry's biggest climate alliance, said UOB's head of sustainable business.
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High power prices, frequent outages and fossil fuel dependence are driving interest in rooftop solar in the Philippines. Cost and policy hurdles, however, are slowing adoption.
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Green building and regenerative asset management strategies could strengthen infrastructure and curb mounting economic losses in the Philippines amid increasing climate threats.
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The operationalisation of Article 6 at COP29 can be a critical lever to enable Asia Pacific’s transition to a low-carbon economy. Fragmented standards across countries, however, still present implementation challenges amid global geopolitical shifts.