Mongabay

Through its 2021-founded subsidiary MyCarbon, Brazil’s meat processing giant Minerva Foods is emitting and selling carbon credits to big oil companies that are in a rush to move away from a polluting stigma.

Bank financing for the fossil fuel sector rose by $162.5 billion in 2024, more than 20% compared to 2023, according to a Rainforest Action Network report.

The Salween River, one of Asia’s last free-flowing rivers, supports Indigenous communities and biodiversity across China, Myanmar and Thailand, but faces threats from at least 20 proposed hydropower dams, mainly in Myanmar.

Vietnam’s first marine protected area (MPA), Nha Trang Bay, has lost nearly 200 hectares (494 acres) of coral reef since it was established in 2002, according to a new study. The study calls for stronger conservation measures.

Indonesia’s state-owned power utility, PLN, plans to expand fossil fuel generation by more than 20% by the mid-2030s, prioritizing gas and coal plants while delaying large-scale renewable rollouts until the early 2030s.

Poor, climate-vulnerable nations have made a case for wealthy nations to pay hundreds of billions for climate adaption and resilience. But while making big promises, actual funding by wealthy nations has repeatedly fallen far short of what’s needed.

Governments across Southeast Asia are looking at carbon capture and sequestration (CCS) as a way to meet climate targets. Critics say CCS costs too much to be commercially viable, and underperforms at capturing carbon.

Investigations by environmental groups revealed dangerous heavy metal contamination, deforestation and violations of environmental laws, linking the mining operations to politically exposed persons and global electric vehicle supply chains.