S2E7: What the finance-focused COP29 is delivering for South-east Asia

The implementation of developing countries’ climate targets
hinges on the availability of finance and technology


Synopsis: Every first and third Tuesday of the month, The Straits
Times analyses the beat of the changing environment, from
biodiversity conservation to climate change.


Despite the criticisms surrounding the UN climate conference
COP29, which took place over two weeks in November in Baku,
Azerbaijan, negotiators managed to reach an agreement on two key
finance-related issues.  


A new goal for annual climate finance flows was set at US $300
billion by 2035, a three-fold increase from the previous $100
billion target. Developed countries should take the lead in
delivering this amount to developing countries to help them take
climate action. An agreement on carbon markets was also reached
at the summit, allowing countries to cooperate through the
international trade in carbon credits to meet their climate
goals. 


But what do all these mean for Singapore and South-east Asia? In
this episode, host Audrey Tan finds out from Ms Grace Fu,
Singapore’s Minister for Sustainability and the
Environment. 


Highlights of conversation (click/tap above):


3:45 What does the COP29 outcome mean for Singapore and
South-east Asia? 


9:17 Can the outcome on carbon markets at COP29 help to overcome
concerns on environmental integrity? 


11:00 What is Singapore’s reputation in the area of carbon
markets like? 


13:07 How will the outcome on the new climate finance target
affect climate action in Asia? 


17:46 Will the waning leadership of traditional climate champions
such as the US and the EU affect investor confidence in climate
initiatives? 


Follow Audrey Tan on LinkedIn: https://str.sg/848W


Read her articles: https://str.sg/JLM2


Follow David Fogarty on X: https://str.sg/JLM6


Read his articles: https://str.sg/JLMu


Hosts: Audrey Tan (audreyt@sph.com.sg) & David Fogarty
(dfogarty@sph.com.sg)


Produced and edited by: Hadyu Rahim


Executive producers: Ernest Luis & Lynda Hong


Follow Green Pulse Podcast here and get notified for new episode
drops:


Channel: https://str.sg/JWaf


Apple Podcasts: https://str.sg/JWaY


Spotify: https://str.sg/JWag


Feedback to: podcast@sph.com.sg


---


Follow more ST podcast channels:


All-in-one ST Podcasts channel: https://str.sg/wvz7


ST Podcast website: http://str.sg/stpodcasts


ST Podcasts YouTube: https://str.sg/4Vwsa


---


Get The Straits Times' app, which has a dedicated podcast player
section:


The App Store: https://str.sg/icyB


Google Play: https://str.sg/icyX


---


#greenpulse


See omnystudio.com/listener for privacy information.