Wednesday Scribbles : Climate Change – Investing in Solutions for the Future

Notes from a changing world…
July 19th

“How capital is allocated in the coming five years will determine life on Earth for the next 300 years”

Christina Figueres,
former UN Executive Secretary

The fate of our climate is in the hands of impact investors. The financial sector and the energy sector need to keep pace with each other and investments need to be made in congruence with the goals of the Paris Climate Agreement.
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The Paris Climate Agreement was a wakeup call about the amount of money that needs to be diverted to achieve global mitigation goals. It was estimated that $16.5 trillion in efficiency and low-carbon energy investments would be required to hold temperature increases within 2 degrees celsius.
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A holistic climate change investment portfolio must address the following risks: a base of diversified, low carbon investments, protection from climate stress risk and targeted growth opportunities by investing in water, clean energy and sustainable agriculture.
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The reality is the economics of renewable energy sources such as wind and solar power are constantly improving, and that will leave conventional, more polluting segments of the market in a less competitive position.
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Asia Investor Group on Climate Change’s (AIGCC) report highlighted that although Asian financiers are setting broad policies on responsible green financing and lending, too few look at climate change as a risk and a reason to limit lending.
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Compared to the rest of Asia, green bond growth in ASEAN has been slow to take off. Regulators from the region recognize the importance of green finance and are gradually taking steps towards seeking green investments.
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Singapore is keen to develop a green bond market that is globally valued at about US$ 200 billion to fund projects to combat climate change. This forward-looking policy will enhance Singapore’s position at the centre of Asia’s growing market for green financing.
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There are broadly three ways that the business community can address climate change: green investments, more adaptation and localized solutions and a global dialogue by not just helping individual countries but also other countries by sharing technology and expertise.

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The Asian Development Bank has backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project. This marks Sunseap’s third foray into the international market after developing projects in India and Malaysia.
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There are huge entrepreneurial opportunities in the region to improve energy technology. However, companies need economic incentives to switch from fossil fuels. For example, instituting a carbon tax, making renewables cheaper, increasing fossil fuel prices.
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Climate Change is a global concern, however, it is especially relevant to Southeast Asia as the region is extremely vulnerable to the effects of climate change and increased emission of greenhouse gases. From 1990 to 2010, CO2 emissions in Southeast Asia have grown more rapidly than in any other part of the world. The infographic predicts two alternative future scenarios of business as usual and controlled emissions.
(Disclaimer: All information quoted here is linked to the respective source articles)
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