Asia climate news and trends: Korea’s central bank calls for green finance

Asia

Asia climate news and trends: Korea’s central bank calls for green finance

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Korea’s central bank calls for green finance

BOK urges swift green finance policy reforms to accelerate the country’s decarbonization, which lags other G7 nations. ESG Investor

Vietnam triples solar target

In a bid to meet high energy demand, an updated national development plan increases the solar capacity goal to 34 GW by 2030. Recessary

US tariffs bite Chinese solar companies in Malaysia

Dominant solar panel producers that largely export to the US scale back operations in  Malaysia, as profits are squeezed. Business Times

Philippines steps up flood resiliency

Following a devastating hurricane season, Manila says it is fast-tracking plans to protect key river basins, in partnership with the Japanese government. Philippines Information Agency

No end in sight for Indonesia’s utility monopoly

A close aide says President Prabowo Subianto has decided not to end the state monopoly, despite calls for changes to encourage the growth of renewables. Energy World

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Kari Huus

Kari Huus is a writer and editor based in Seattle. She was a staff reporter for MSNBC.com from 1996-2014, with stints covering international business, foreign policy, and national affairs. Earlier, she reported on China for the Far Eastern Economic Review in Hong Kong, and Newsweek in Beijing. From 2015 to 2020, she was managing editor for the website Money Talks News.