The area is rich in biodiversity, and the project has been shelved several times, primarily because of objections from environmentalists.

While the bond proceeds will be used to fund nine types of projects that fight climate change, there is no guarantee on the environmental benefits, as each has varied sustainability attributes and carries different implementation risks.

As the world struggles to avert climate change, vegetation may help deliver the decarbonisation needed, and China arguably has a head start thanks to a tree-planting initiative with its roots in flood control.

The rapid growth of China’s climate funds market can be attributed to the heightened focus on climate change and other environmental issues, Morningstar said.

Hong Kong’s regulators and would-be market makers of a credible regional carbon market have their work cut out for them, a cross-agency steering group said.

A pitiful 8 per cent of Asia-Pacific companies have established their plans toward a net-zero emission target, showing much apathy in corporate boardrooms on climate-change risks.

Hong Kong needs to catch up on electric vehicle (EV) charging facilities to meet demand, as EV use could more than double to 10 per cent by 2025, according to Cornerstone Technologies.

Only 43 per cent of industrial companies in China have taken action to tackle greenhouse gas emissions even though 73 per cent believe Beijing’s carbon neutral goal will impact business, survey says.

Across the world young people are leading the fight to enact change at the grass-roots level, with the Canadian International School Hong Kong hosting the second annual SGD summit

Sustainability data provider MioTech has hired the former finance head at Pinduoduo to help grow its operations in Singapore in anticipation of rising demand for its services.

Hong Kong property companies are assessing their exposure to climate change impact, devising plans and adopting measures to bolster their resilience and capacity to adapt, especially to extreme flood and storm risks.

Asia contributes 80 per cent of global ocean plastic. With the treaty, governments need to tackle pollution through the entire plastics supply chain, from production to disposal.

In contrast, the delinquencies in New York, London and Frankfurt were between 4.5 and 17.6 per cent of listed companies, according to ESG Book.

While billions of people and ecosystems least able to cope are being hit hardest by climate change, trillions of dollars worth of assets will be exposed to risks from storms and rising sea levels by 2100, scientists said.

The world risks failing to achieve its net-zero carbon emissions ambitions by mid-century, if natural gas pipeline projects long enough to go around the world four times are not stopped, according to an environmental advocacy.

An undeveloped market for the collected gas means corporate efforts remain at a pilot stage, says president of Calgary-based Delta CleanTech.

China’s steel industry will go through a multistage technology-driven decarbonisation journey, according to a senior executive at Australian mining giant BHP, which is helping the sector make this transition.

Between them, India’s record-breaking ‘Nest Man’ Rakesh Khatri and the brothers behind Wildlife Rescue – featured in a Sundance documentary – have saved the lives of hundreds of thousands of birds.

Containers used by drivers to bring fresh food into city, but mainland wholesale markets no longer willing to take them back due to infection fears.

UN environmental report talks of at least 9 million premature deaths a year from pollution; recommends ban on ‘forever’ substances, cleaning up polluted sites, relocating affected communities.

Beijing’s announcement of five-year energy consumption reduction targets for 17 energy-intensive industries will spur industry consolidation, analysts said.

China stopped funding coal projects in belt and road nations last year, but support for oil and gas ventures surged, according to a Fudan University report.

Covestro’s Shanghai plant is likely to be German firm’s first plant globally to use green hydrogen, putting it on track to reach its decarbonisation goal.

Hong Kong-listed companies, which lag behind the US and Europe on board diversity, face greater pressure from fund managers to dismantle all-boys clubs.

The carbon price in the national emissions trading scheme (ETS) could reach 65 yuan per tonne this year, compared to 54.22 yuan per tonne at the end of 2021, Refinitiv forecasts.