Region: Asia and the Pacific
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Green investment opportunity of USD 3 trillion from 2016-2030 Current ASEAN green finance flows estimated at USD 40 billion per year Green finance from private sector will need to increase tenfold
By Pushpam Kumar, Senior Economic Advisor, UN Environment The measurement and management of “natural capital” is an idea, as the saying goes, whose time has come.
Singapore, 15 November 2017 – Singapore’s strengths as a financial centre, track record in environmental protection and connections to the region makes it well-positioned to move forward with Green Finance.
The Paris Agreement, adopted in 2015, established the global goal on adaptation of enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development and ensuring an adequate adaptation response in the context of the temperature goal.
Even if the pledges in the Paris Agreement on Climate Change are implemented, we will still not reduce greenhouse gas emissions enough to meet the goals. The UN Environment Emissions Gap Report 2017 states that for the 2°C goal, this shortfall could be 11 to 13.5 gigatonnes of carbon dioxide equivalent. For the 1.5°C goal, it could be as much as 16 to 19 gigatonnes. We urgently need more ambitious action to close these gaps. So, this latest 1 Gigaton Coalition Report helps to focus those efforts by quantifying the progress secured through renewable energy and energy efficiency.
The Tapanuli orangutan recently discovered on the Indonesia island of Sumatra has no more than 800 individuals and faces extinction.
Carbon dioxide emissions from modern society are making the oceans more acidic, and the situation is being exacerbated by climate change, pollution, coastal development, overfishing and agricultural fertilizers, a major new study suggests.
On a typical day, when Mr. Pasert, a 40-year-old truck driver, wakes up at 6 a.m., Ms. Sai, a food vendor ten years his senior, has already spent three hours preparing food to sell in the market.