Since the beginning of the Covid-19 pandemic, there have been a multitude of announcements from companies declaring they are going to zero and the business world has been seriously focusing on environmental, social and governance (ESG) strategy.
In just 24 hours in April, Japanese bank MUFG and investment giant BlackRock appointed ESG finance heads for Asia Pacific, while United Overseas Bank in Singapore appointed a chief sustainability officer. Banks that are showing an increasing interest in sustainability are hardly surprising. ESG investments more than doubled in 2020.
For various reasons, the corporate world is now showing more interest in climate protection measures. Last October, 200 of the world’s largest multinationals said they would achieve zero net carbon emissions by 2050. Many followed, including Asian companies such as City Developments Limited, Frasers Property and Petronas. The youngest was Gojek, who backed up the news reported by Eco-Business in February by announcing a zero emissions target for 2030 last week.
Amid the blizzard of corporate decarbonization announcements, there has been some skepticism about how these ambitions will be realized and what kind of solutions will be used to achieve them. One of the most outspoken skeptics is Assaad Razzouk, a Singapore-based clean energy entrepreneur and host of the Angry Clean Energy Guy podcast.
I don’t have time for nature-based solutions. To fight climate change, we have to stop deforestation.
Assaad Razzouk, clean energy entrepreneur
Razzouk has urged caution on much-touted climate solutions like nature-based solutions and ESG finance, and has a number of theories on how to fix these to make an effective final change.
Razzouk takes part in the Eco-Business Podcast to talk about:
- Which air conditioning solutions are the most flawed?
- Why he doesn’t have time for nature-based solutions
- The company’s net zero trap
- The need to rate the ‘E’ in ESG
- The world’s greenwashing champions
- Reasons for climate optimism
- How do you best communicate sustainability?
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