Asia Pacific

The Monetary Authority of Singapore (MAS) has encouraged financial institutions to use artificial intelligence (AI) to support their efforts to financing the energy transition.

Carbon pricing policies such as the EU's emissions trading scheme (ETS) and carbon border adjustment mechanism (CBAM) are "creating a ripple effect that increases the adoption of similar policies elsewhere," UBS analysts argue.

Investors are failing to act on calls to facilitate a 'just transition' to net zero, despite many believing it will have positive impacts on returns in the long run, according to a survey by Fidelity International.

A group of investors managing more than $150 trillion in combined assets has recommended that the Australian government develop a "clear" transition plan framework for companies, based on UK and EU progress in this area.

Pentagreen Capital has penned its first deal, committing $30 million to Philippines-based renewable energy platform, Citicore Solar Energy Corporation.

First Sentier has launched a biodiversity toolkit to help investors assess water and deforestation risk within their portfolio and better engage with clients on these issues.

Climate Asset Management's natural capital fund has acquired a regenerative agriculture project in Australia for an undisclosed amount, to restore biodiversity and generate carbon removal credits.

A move from the Indonesian regulator to consider coal as 'green' within its taxonomy could risk foreign investor confidence in the market", both an international energy institute and Sustainable Fitch have warned.