WASHINGTON (August 5, 2014)— Singapore’s Parliament passed the Transboundary Haze Pollution Act 2014 which allows regulators to prosecute companies and individuals that cause severe air pollution in Singapore by burning forests and peatlands in neighboring countries. The legislation was first proposed after fires in Indonesia spiked in June 2013, engulfing Singapore in haze.
Forest and bush fires, often associated with agricultural expansion and land conflict, can release a toxic haze that shuts down schools and airports, and sickens tens of thousands of people. Efforts to stop the fires have been hampered by a lack of high-quality evidence on where exactly the fires are and who could be responsible.
JAKARTA, INDONESIA— As the dry season begins in Indonesia, the risk of fires and haze is growing. On July 23, the World Resources Institute (WRI) and Indonesia’s National REDD+ Agency (BP REDD) will launch Global Forest Watch Fires (GFW-Fires), an online platform to monitor and respond to forest and land fires in Southeast Asia.
New analysis published in Nature Climate Change shows that Indonesia is losing primary forest at a staggering rate. The country now has the highest rate of loss in tropical primary forests in the world, overtaking Brazil. Primary tropical forests are the most carbon- and biodiversity-rich type of forest ecosystem.
Peristiwa kebakaran hutan dan lahan gambut yang baru-baru ini terjadi di Indonesia meninggalkan jejak kerusakan yang sangat dahsyat. Kebakaran hutan, yang mencapai puncak pada bulan Maret serupa dengan krisis kabut asap Juni 2013, menghasilkan kabut asap berbahaya dalam jumlah yang sangat besar. Hal ini mengakibatkan ditutupnya ratusan sekolah dan beberapa bandara lokal, serta mungkin telah mengakibatkan gangguan pernapasan kepada lebih dari 50.000 orang.
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Rapidly declining natural systems are bad news for business. There is a two-way street between the economy and the environment: Businesses damage the environment, and the damaged environment then creates risks to the bottom lines of businesses.
Three reasons explain why investors should include sustainability considerations in their decisions, and why doing so is compatible with fiduciary responsibility.