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How Southeast Asian countries are positioning themselves at COP29 | News | Eco-Business | Asia Pacific
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class="eb-article__standfirst-wrapper"> <h2 class="eb-article__standfirst">Eco-Business takes a look at the key issues being pushed at the pavilions of Asean countries at the climate summit in Baku.</h2> </div> <div class="eb-article__media"> <figure class="eb-article__featured-image"> <img src="https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=16%3A10&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=320" alt="SG coffee" srcset="https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=320 640w, https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=16%3A10&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=700 700w, https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=480 960w, https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=700 1400w, https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=1100 2200w" sizes="(min-width: 1300px) 1100px, (min-width: 740px) 700px, 100vw"> <figcaption id="eb-article-featured-image-caption" class="eb-article__featured-image__caption"> The Singaporean pavilion serves free coffee to attendees on the sidelines of its talks and events. Image: Hannah Fernandez/ Eco-Business </figcaption> <button data-eb-component="eb-toggle" data-eb-toggle-target="#eb-article-featured-image-caption" class="eb-article__caption-button"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-device-camera " width="16" height="16" width="16" height="16" viewBox="0 0 16 16"><path fill-rule="evenodd" d="M15 3H7c0-.55-.45-1-1-1H2c-.55 0-1 .45-1 1-.55 0-1 .45-1 1v9c0 .55.45 1 1 1h14c.55 0 1-.45 1-1V4c0-.55-.45-1-1-1zM6 5H2V4h4v1zm4.5 7C8.56 12 7 10.44 7 8.5S8.56 5 10.5 5 14 6.56 14 8.5 12.44 12 10.5 12zM13 8.5c0 1.38-1.13 2.5-2.5 2.5S8 9.87 8 8.5 9.13 6 10.5 6 13 7.13 13 8.5z"/></svg> </button> </figure> </div> <div class="eb-article__social-share"> <div class="eb-share" id="eb-share"> <ul class="eb-share__items"> <li class="eb-share__item"> <a title="Share on Twitter" class="eb-share__item--action eb-share__item--twitter" 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20, 2024</time> </div> </div> </div> <div class="eb-article__body"> <section class="eb-article__body-content"> <p>From modern art structures to local dancing, Southeast Asian countries have tried to set themselves apart at the bustling pavilion space in COP29 at Baku Olympic Stadium in Azerbaijan.</p> <p>It is a tall order in a roomful of more than 200 booths represented by governments, nonprofits and corporates. Thousands of delegates attend events held on the sidelines of the two-week international summit where world leaders lock horns over how to respond to the climate crisis.</p> <p>Climate finance, carbon markets and clean energy are common themes among Southeast Asian countries present at this year’s summit. Eco-Business visited each booth to examine how countries in a region that still relies heavily on fossil fuels have attempted to boost their sustainability credentials at the world’s most important climate conference.</p> <h4>Singaporean pavilion highlights carbon markets </h4> <p>Singapore was holding a signing ceremony with African country Zambia when Eco-Business passed by its pavilion on Tuesday.</p> <p>The two countries inked a memorandum of understanding to pave the way for both to trade carbon credits aligned with Article 6 of the Paris Agreement.</p> <div class="story-image"><img alt="SG Zambia carbon markets" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-20_at_2.21.29AM.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-20_at_2.21.29AM.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">Permanent secretary at Singapore’s ministry of sustainability and environment Stanley Loh and sustainability and environment minister Grace Fu sign an agreement with Zambia’s green economy and environment minister Mike Mposha and permanent secretary Douty Chibamba at the Singapore pavilion on 19 November 2024. Image: COP29 Singapore Pavilion</p> </div> <p>Carbon markets are one of the key topics of focus at the pavilion, as Singapore <a href="https://www.reuters.com/sustainability/sustainable-finance-reporting/how-singapore-is-positioning-itself-asias-carbon-hub-2023-11-06/">announced</a> five years ago its ambition of becoming the regions’ carbon hub, where firms can purchase high-quality carbon credits from Asia and elsewhere to offset their greenhouse emissions.</p> <div class="story-image-right medium"><img alt="SG art installation" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/SG_pavilion_3.jpg?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/SG_pavilion_3.jpg?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">The art installation in the Singapore pavilion is of the nations’s national flower, a hybrid orchid, made using 3D printing technology, incorporating metal wires recycled from last year’s pavilion and recycled materials for the main structure. Image: HAF/ Eco-Business</p> </div> <p>The pavilion was hosting six other events that day, touching on sustainable water and the country’s nationally determined contributions. The space was constantly busy, with an average of six to eight events per day, while its neighbouring countries held about three. It even collaborated with other pavilions, holding a joint discussion with Intergovernmental Panel on Climate Change on how to align with 1.5°C pathways. </p> <p>Fully funded by the government, this year’s pavilion includes an art installation, created in part using 3D printing and upcycled metal wires that form orchids. It also has a booth which provides free coffee that has already become so popular among attendees that organisers have had to make a sign that it is only meant for those who sit and engage at their events. </p> <h4>The Philippines’ pavilion is small, but big on loss and damage</h4> <p>The Philippines has the smallest pavilion space among the Southeast Asian booths. It compensated for this by curating discussions on how to access and boost a multi-billion dollar fund to help vulnerable nations cope with climate risks.</p> <p>As country host of the loss and damage fund, it has been holding events that explore how the money will impact Southeast Asia and the growth of national movements calling for climate justice for loss and damage.</p> <div class="story-image"><img alt="PH pavilion" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/PH-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/PH-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">Albert Magalang, Philippines chief of climate change service of the environment and natural resources department speaks to a delegate at the Philippine pavilion. Image: Hannah Fernandez/ Eco-Business.</p> </div> <p>The government spent about US$68,000 to rent the pavillion, the cheapest package offered by COP29 organisers, according to Gigi Merilo, the environment department’s supervising environmental management specialist, who was in charge of leasing the space.</p> <p>The size of the pavilion was kept at a minimum, without help from corporate sponsors, in order for the delegation to concentrate on driving issues like loss and damage, as well as adaptation and mitigation, she said.</p> <p>“This decision [not to have any corporate sponsors] reflects the delegation’s focus on maintaining flexibility and independence, allowing it to concentrate on delivering key messages aligned with the country’s climate agenda without external influence,” said Merilo.</p> <h4>Indonesia’s soft diplomacy for climate action</h4> <p>Performances by traditional dancers brought life to a room of grey suits and serious-faced delegates in the Indonesian pavilion.</p> <p>The dancers depict an ethnic group known as “Adat”, which represents other local communities in Indonesia that are often excluded from climate policies, said Emilya Rosa, chief of the pavilion.</p> <div class="story-image"><img alt="Adat Indonesian pavilion" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Adat_Indnesian_pavilion.jpeg?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/Adat_Indnesian_pavilion.jpeg?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">Adat dancers perform in between discussions at the Indoensian pavilion. Image:COP29 Indonesian pavilion</p> </div> <p>By bringing a part of their culture into the pavilion, the country was able to show its commitment to inclusive climate action as part of its policy, she added.</p> <p>Other main policies Indonesia focused on in its events include renewable energy, climate finance and its forestry sector.</p> <div class="story-image"><img alt="Indonesian pavilion" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Indonesia-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/Indonesia-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">The Indonesian pavilion is the largest among the Southeast Asian countries. Its main sponsors include state-owned electric power distributor PLN and oil and gas firm Pertamina. Image: Hannah Fernandez/ Eco-Business</p> </div> <p>“Indonesia always performs hard and soft diplomacy,” Rosa told Eco-Business. “The negotiators do the hard diplomacy by delivering the country positions and making deliberations on draft text. The Indonesia pavilion is part of our soft diplomacy, engaging in a dialogue to exhibit Indonesian stakeholders<strong>’</strong> commitment and efforts in combating climate change, which supports the hard diplomacy.”</p> <h4>Carbon markets discussion in Malaysian pavilion but not at Thailand’s</h4> <p>The Malaysian pavilion’s theme of climate action highlighted how the country is addressing climate change “with urgency and ambition”, Nik Nazmi Nik Ahmad, Malaysia’s minister of natural resources and environmental sustainability said at the launch of the pavilion in October.</p> <div class="story-image"><img alt="Malaysis pavilion" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Malaysia-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/Malaysia-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">The Malaysis pavilion is funded by corporates like state-owned oil and gas company Petronas. Image: Hannah Fernandez/ Eco-Business</p> </div> <p>“These international forums present critical opportunities for Malaysia to showcase our efforts to engage with global leaders and to reaffirm our commitments to international climate agreements. We will make our presence and our voice known – being a small country, it is only by speaking the loudest that we can be heard,” he said.</p> <p>Nazmi is spearheading the nation’s first <a href="https://www.eco-business.com/news/a-bill-to-outlast-any-minister-or-government-nik-nazmi-answers-burning-questions-on-malaysias-climate-change-legislation/">climate change bill</a>, which may see the establishment of a domestic emissions trading scheme. Carbon markets were part of the programme, including a collaboration and sharing of best practices with carbon market associations in the region. </p> <p>Other main topics of the pavilion were about renewable energy, improving biodiversity or fostering community-led adaptation projects. The major sponsors of the pavilion include state-owned oil and gas company Petronas as well as electric utility giant Tenaga Nasional Berhad (TNB).</p> <div class="story-image"><img alt="Thailand pavilion" class="lazyload" data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Thailand-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680" loading="lazy" src="https://eco-business.imgix.net/ebmedia/fileuploads/Thailand-pavilion.png?auto=format&dpr=2&fit=max&ixlib=django-1.2.0&q=45&w=680"/> <p class="caption">The Thailand pavilion focuses on events about climate finance, technology and innovation. Image: Hannah Fernandez/ Eci-Business</p> </div> <p>Thailand did not list carbon markets in the talking points of its pavilion, despite being the first country to have sold the <a href="https://www.reuters.com/business/environment/swiss-thai-groups-close-first-sale-paris-agreement-carbon-offsets-2024-01-08/">first batch of carbon offsets</a> under the Paris Agreement carbon credits mechanism in January. Upon the operationalisation of Article 6 at COP29, developing states like those in Southeast Asia are expected to <a href="https://www.eco-business.com/news/what-the-operationalisation-of-article-6-could-mean-for-southeast-asia/">take part</a> in it to achieve their low-carbon pledges. Its focus is instead on climate finance, technology and innovation.</p> <p>Southeast Asian nations Vietnam, Timor-Leste, Laos, Brunei, Cambodia and Myanmar did not have booths at COP29. </p> <div class="eb-article__eb-circle-banner"> <div class="eb-item eb-item--no-image eb-item--cta-mobile eb-item--cta-tablet eb-item--cta-eb-circle" data-item-num="6"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h3 class="eb-item__title"> Like this content? Join our growing community. </h3> <p class="eb-item__cta-description">Your support helps to strengthen independent journalism, which is critically needed to guide business and policy development for positive impact. 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.eb-article__right-column --> </div> <!-- end .eb-article-grid --> </article> <div class="eb-article__content-footer"> <section class="eb-grid__section"> <div class="eb-container"> <header class="eb-container__header "> <h2 class="eb-container__header__title"><span class="eb-container__title__text">More from Tracking COP</span> </h2> </header> <div class="eb-grid eb-grid--special-reports"> <div class="eb-item eb-item--has-image eb-item--list-media-mobile eb-item--standard-tablet eb-item--news" data-item-num="1"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--hd"> <picture> <source media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Protester_COP29.png?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=332 664w"> <source 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href="/news/philippines-malaysia-stand-ground-against-accepting-bilateral-loan-offers-from-rich-countries-insist-on-climate-financing/" class="eb-item__link"> Philippines, Malaysia stand ground against accepting bilateral loan offers from rich countries; insist on climate financing </a> </h3> </div> <div class="eb-item__standfirst"> As COP29 enters the final stretch, some developing countries are being approached by rich countries to agree on technical assistance and aid instead of promised climate finance, according to civil society organisations. </div> </div> <a href="/news/philippines-malaysia-stand-ground-against-accepting-bilateral-loan-offers-from-rich-countries-insist-on-climate-financing/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Philippines, Malaysia stand ground against accepting bilateral loan offers from rich countries; insist on climate financing</a> </div> </div> <div class="eb-item eb-item--has-image eb-item--list-media-mobile eb-item--standard-tablet eb-item--news" data-item-num="2"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--hd"> <picture> <source media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=332 664w"> <source media="(min-width: 980px)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=332 332w"> <source media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)" sizes="340px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=680 680w"> <source media="(min-width: 740px)" sizes="340px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=350 340w"> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="140px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=140 280w"> <source media="(min-width: 0px)" sizes="140px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=605 605w, https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=140 460w, https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=445 140w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/G77_China_Vice_Yu.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=300" loading="lazy" class="lazyload " alt="G77 China Vice Yu"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Policy & Finance </span> </h4> <h3 class="eb-item__title"> <a href="/news/it-is-not-charity-cop29-closes-first-week-without-agreement-on-new-climate-finance-goal/" class="eb-item__link"> ‘It is not charity’: COP29 closes first week without agreement on new climate finance goal </a> </h3> </div> <div class="eb-item__standfirst"> Rich nations have the “legal and moral obligation” to pay the US$1.3 trillion that developing countries are asking for to endure climate impacts, say advocates. But some Southeast Asian countries may no longer rely on it to adapt to climate change. </div> </div> <a href="/news/it-is-not-charity-cop29-closes-first-week-without-agreement-on-new-climate-finance-goal/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">'It is not charity': COP29 closes first week without agreement on new climate finance goal</a> </div> </div> <div class="eb-item eb-item--has-image eb-item--list-media-mobile eb-item--standard-tablet eb-item--news" data-item-num="3"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--hd"> <picture> <source media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=332 664w"> <source media="(min-width: 980px)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=332 332w"> <source media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)" sizes="340px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=680 680w"> <source media="(min-width: 740px)" sizes="340px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=350 340w"> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="140px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=140 280w"> <source media="(min-width: 0px)" sizes="140px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=605 605w, https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=140 460w, https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=445 140w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-14_at_10.51.17PM.png?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=300" loading="lazy" class="lazyload " alt="COP29 president Mukhtar Babayev, a former oil and gas executive"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Policy & Finance </span> </h4> <h3 class="eb-item__title"> <a href="/news/cop-needs-overhaul-including-curbs-on-fossil-fuel-lobbying-say-scientists-and-paris-treaty-architect/" class="eb-item__link"> COP needs overhaul, including curbs on fossil fuel lobbying, say scientists and Paris treaty architect </a> </h3> </div> <div class="eb-item__standfirst"> In an open letter to the United Nations, a group of concerned climate-watchers called for stronger transparency and disclosure rules to restrict fossil fuel lobbying and host nations that do not support a clean energy transition. </div> </div> <a href="/news/cop-needs-overhaul-including-curbs-on-fossil-fuel-lobbying-say-scientists-and-paris-treaty-architect/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">COP needs overhaul, including curbs on fossil fuel lobbying, say scientists and Paris treaty architect</a> </div> </div> <div class="eb-item eb-item--has-image eb-item--list-media-mobile eb-item--standard-tablet eb-item--news" data-item-num="4"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--hd"> <picture> <source media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=332 664w"> <source media="(min-width: 980px)" sizes="332px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=332 332w"> <source media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)" sizes="340px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=680 680w"> <source media="(min-width: 740px)" sizes="340px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=350 340w"> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="140px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=140 280w"> <source media="(min-width: 0px)" sizes="140px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=605 605w, https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=140 460w, https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=445 140w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/cop29_singapore_pavilion.jpg?ar=16%3A9&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=300" loading="lazy" class="lazyload " alt="COP29 SG Pavilion"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Policy & Finance </span> </h4> <h3 class="eb-item__title"> <a href="/news/singapore-to-develop-a-new-climate-blended-finance-fund-with-blackrock-commits-up-to-us500m/" class="eb-item__link"> Singapore to develop a new climate blended finance fund with BlackRock; commits up to US$500m </a> </h3> </div> <div class="eb-item__standfirst"> At COP29, the city-state unveiled a third investment theme to decarbonise hard-to-abate sectors under its national blended finance scheme and pledged to match partner concessional capital dollar-for-dollar. </div> </div> <a href="/news/singapore-to-develop-a-new-climate-blended-finance-fund-with-blackrock-commits-up-to-us500m/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Singapore to develop a new climate blended finance fund with BlackRock; commits up to US$500m</a> </div> </div> </div> </div> </section> <div id="eb-related-content" class="eb-article__related_content"></div> </div> <!-- end .eb-article__content-footer --> <section class="eb-banner eb-banner--sdg-co"> <div class="eb-container"> <div class="eb-banner__background"> <img data-src="https://eco-business.imgix.net/banners/sdgco_pattern.png?auto=format&ixlib=django-1.2.0&q=85" loading="lazy" class="lazyload" alt="leaf background pattern"> </div> <div 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