The Asia Investor Group on Climate Change, an institutional investor coalition, has launched a new 'Forest and Land Use Working Group'.
The group’s purpose is to enhance capacity development in response to investor demand for greater focus on biodiversity.
According to the AIGCC, the group will “build investors’ capacity to understand and manage the emissions of soft commodity-driven deforestation”.
Simultaneously, the AIGCC also announced a working group on the energy transition. This group is expected to address critical questions related to the transition in some of the world’s most coal-dependent energy systems.
It will seek to “establish investor expectations surrounding early phase-out of coal and explore potential roles of renewables.
Rebecca Mikula-Wright (above), the CEO of AIGCC, said: “Asia is home to some of the largest emerging markets globally. Countries in this region are required to balance development goals, climate transition plans, while also bearing the brunt of the physical impacts of climate change. Asian perspectives should continue to form one of the foundations in global climate action.”
