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Asia-Pacific real estate assets at ‘high risk’ from climate change
Nearly one in 10 properties owned by leading real estate investment trusts (REITs) in the Asia-Pacific region may be at “high risk” of damage from climate change, particularly in coastal regions, a report published on Wednesday showed.
REITs, with an estimated global market capitalization of about US$3 trillion, are considered safe havens for long-term investors, but damage from climate risks, such as floods and forest fires, could hurt valuations and boost insurance premiums, climate risk consultancy XDI said. Continued …
‘Boiling not warming’: Marine life suffers as sea temperatures hit record
Aquatic life from coral reefs to fish in the Thailand’s eastern gulf coast is suffering as sea surface temperatures hit record highs this month amid a regional heatwave, worrying scientists and local communities.
The once vibrant and colorful corals, about five meters (16 feet) underwater, have turned white in a phenomenon known as coral bleaching, a sign that their health was deteriorating, due to higher water temperatures, scientists say. Continued …
How US Import Barrier On Chinese Solar Cells Can Change Trade Game?
The recent trade barriers imposed by the United States against the imports of Chinese solar equipment like solar cells has triggered speculations on the overall global trades of clean energy equipment.
The Joe Biden-led government recently triggered a new controversy by increasing the import tariffs for solar cells for up to 50% and increased its tariffs for imports of electric vehicles (EVs) by up to 100%. Continued …
Biofuels to help ramp up BBGI’s income
BBGI, the biotechnology arm of energy conglomerate Bangchak Corp., expects a significant increase in revenue driven by key businesses such as biofuels that have a promising business outlook following Bangchak’s takeover of Esso (Thailand).
The gasohol and biodiesel business alone should increase revenue by 30% this year, said Chief Executive and President Kittiphong Limsuwannarot. BBGI’s push for sustainable aviation fuel (SAF) and specific enzyme production should also raise its earnings over the next two years, he said. Continued …
Pattaya Goes Green with Sustainable Electric Transportation
Pattaya city is taking steps to become a smart city by promoting eco-friendly transportation.
As part of this initiative, the city has recently received 12 fully electric Hilux Revo–e pickup trucks from Toyota Thailand to be used as public songthaews around the city. These vehicles are operated by the Pattaya Bus Cooperative and currently run on four routes, including: Continued …
Koh Phi Phi a model for eco-friendly travel
Though the rainy season has officially started in some parts of the country, it appeared we were in luck when rain clouds drifted off Phuket. The Sun was shining and the sky was clear when we arrived at Visit Panwa Pier, where a fleet of speedboats and catamarans were cruising the water to pick up passengers. Continued …
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