Tag Archives | climate change adaptation
Environment, Finance sector development, Industry and trade
Energy
Green finance for sustainable investment
To place the Asian economies onto a sustainable development pathway requires an unprecedented shift in investment away from industries relying intensively on greenhouse gases, fossil fuels, and natural resources toward more resource-efficient technologies and business models. The finance sector will have to play a central role in this green transformation. Important aspects of green finance are sustainable investment and banking, where investment and lending decisions are taken based on environmental screening and risk assessment to meet sustainability standards, as well as insurance services that cover environmental and climate risk.
Energy strategies must consider all parts of the ‘energy trilemma’
As we gather this week for the 2015 Asian Clean Energy Forum, the context for our meeting has changed greatly from that of last year. We have seen a dramatic drop in the price of oil, which has sent shockwaves through the entire energy sector. Volatility is the new normal, and, for a sector known for its conservative outlook, this drives those at the forefront of the energy challenge to re-evaluate traditional norms. However, we see that it is not just price shocks that keep energy leaders awake at night: extreme weather and large-scale accidents/disruptions top the list of issues facing energy leaders in Asia.
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