Starting the Decarbonisation Journey
Inside out – An Interview with Gunung Capital Kimin Tanoto, CEOKelvin Fu, Managing Partner Meet our client who took part in Climate Impact X’s inaugural auction Climate Impact X (CIX) completed a pilot auction of a portfolio of high-quality carbon credits in November 2021. The auction successfully cleared 170,000 carbon credits from eight recognised natural climate solutions […]
Singapore Plans a Steep Rise in Carbon Tax on Big Emitters
Singapore plans to dramatically increase the tax it levies on greenhouse gas pollution from its biggest emitters from 2024, as the city-state seeks to speed efforts to reach net-zero emissions. Affected companies will have to pay S$25 a ton ($18.62) for greenhouse gas emitted, according to Finance Minister Lawrence Wong, up from a S$5 a ton levy […]
Chinese Steel Producers Exploring Investments in Other Asian Countries Amid Stringent Emission Standards
In line with the global drive towards decarbonisation, China has doubled its focus on environmental protection and GHG emission policies. It has enacted stringent curbs on the steel industry, which accounts for the highest energy consumption of 13% among all industries and is responsible for heavy carbon emissions. These curbs include production cuts in smog-prone […]
Reflections On Transitioning The World Towards Net-Zero
As we continue towards the net-zero path, it is important to understand the scale of investments required and the challenges ahead. Although commitments have risen over the past years, there are two challenges with where we stand today. Despite all the commitments made by countries and companies in accelerating their transition efforts, we are still […]
Carbon As A New Asset Class: Journey To The Realization Of Carbon Trade And Tax In Indonesia
Both regulations were enacted as part of the realization of the NDC that was updated and presented to the United Nations Framework Convention on Climate Change (UNFCCC) in 2021. With the enactment of the Tax Law, the GOI is currently setting out the framework for levying taxes for any activities that emit carbon and products […]
Indonesia’s New Capital To Spur Demand For More Sustainable Building Materials And Infrastructure
The Indonesian government recently reaffirmed its commitment to relocate Indonesia’s capital from Jakarta to East Kalimantan. On January 18, 2022, the Indonesian parliament passed the IKN Bill or the capital city bill into law laying out the legal framework to relocate the capital which will be named Nusantara. While the initial plan was delayed due […]
Gunung Capital’s Kimin Tanoto: “China will lead in the fight to lower carbon emissions in the whole of Asia” copy
At the backdrop of the Glasgow Climate Pact, Kimin Tanoto and Kelvin Fu of Gunung Capital, shared how they are supporting portfolio companies to lower carbon footprint in Indonesia and expand impact investments in Asia. With the introduction of emission trading system (ETS), Tanoto is optimistic about China spearheading carbon reduction agenda in the region. […]
Gunung Capital Donates Healthcare Center to Support Local Mothers & Children
As we begin a new year, we are still tackling old problems. Women, children and adolescent health remains a major public health concern in Indonesia with the current maternal mortality rate estimated at 359 deaths per 100,000 live births. Key factors contributing to it include poor access to healthcare facilities and a shortage of healthcare […]
