The Environmental Impact Of NFTs
Mention the idea of non-fungible tokens (NFT) to anyone; chances are they will have heard of it in the past two years. That’s not surprising, considering that 2021 saw a record number of NFT sales. 2021 was a whirlwind year for the digital token community, boasting a 21,000% increase compared to the previous year. With a […]
Beyond Carbon Value – Factors Affecting Pricing of Credits in Voluntary Markets
Companies have pledged to reduce their carbon footprint against the backdrop of strict emissions norms and ambitious climate targets set globally. While they have achieved or are in the process of crimping their emissions as per the regulatory requirements/sectoral emissions cap, the majority have gone one step ahead, investing in carbon credits to voluntarily offset […]
Gunung Capital Builds a Bridge to Connect Local Communities and Enhance Livelihoods
After collapsing, the Kubang Bridge in Karangtengah Village, Cibadak District, Sukabumi Regency, West Java is finally standing stronger again. The Kubang Bridge in this rural area was rebuilt, thanks to the assistance of steel materials from Gunung Capital, a company engaged in investment and asset management. The Regent of Sukabumi, Marwan Hamami, inaugurated a new […]
Policy risks disrupt investment in carbon project development – asset manager
Recent moves by several governments to halt export of carbon credits have hindered new investment in carbon project development and prompted changes in business strategy, Kelvin Fu, co-founder and managing partner with Gunung Capital said in an interview with S&P Global Commodity Insights. Singapore-based Gunung Capital, an asset management company with businesses in steel, cement […]
Cultivating a sustainable, carbon-free future
Singapore-based asset management firm, Gunung Capital, started its transition toward net zero in late 2019. It began with a review of its main portfolio asset: Indonesian steelmaker Gunung Raja Paksi (GRP), one of Indonesia’s largest privately owned steel groups. With an overhaul of the asset’s management, the Gunung team considered the stark reality of its […]
Growing Investment Opportunities in East Kalimantan on Being Indonesia’s New Capital
Construction activity of Indonesia’s new capital in East Kalimantan on Borneo Island started, with the construction of the presidential palace after delays due to the outbreak of the COVID-19 pandemic in 2020. The new smart and green city will replace Jakarta, Indonesia’s current capital, which is prone to natural disasters, due to rising water levels. […]
Voluntary Carbon Market –Trends and Outlook
Organisations worldwide are taking strides to reduce or eliminate carbon emissions from their businesses. The majority of them are experiencing technical difficulties in becoming emission-free immediately, or the economic cost of doing so is excessively high. So they have voluntarily committed to becoming carbon-neutral through medium- and long-term plans, directing their investments in climate-friendly projects […]
Green Infrastructure: Sustainable Development in Indonesia
The construction industry is highly energy- and carbon-intensive, producing 25-40% of the world’s total carbon emissions, expected to be exacerbated by an increase in the demand for new buildings. The construction and buildings sector accounts for c.36% of global energy use and c.39% of energy-related CO2e emissions. Developing countries account for c.60% of the global […]
Fighting Climate Change Through Trade
The Climate crisis is spiraling out of control, writes Julian Zelizer. Recent heat waves in India and Pakistan saw temperatures over 120 degrees Fahrenheit. Yet, policy response in the United States has been halting at best, if not counterproductive. For example, the deal between the U.S. and the EU aims to decarbonize two heavy carbon-emitting […]
Green steel appetite driven by urbanization, sustainability awareness – Gunung Raja Paksi
“Currently, 55% of the world population lives in metropolitan areas, and it is forecast that the number will increase to 68% by 2050,” Sangkaeng said. For instance, one of Indonesia’s most significant future projects is its new capital city in Kalimantan, which is designed to be a green and smart city. He said that this […]
