21 results on '"Liu, Felicia"'
Search Results
2. Assessing the Potential of AI for Spatially Sensitive Nature-Related Financial Risks
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Reece, Steven, O'Donnell, Emma, Liu, Felicia, Wolstenholme, Joanna, Arriaga, Frida, Ascenzi, Giacomo, and Pywell, Richard
- Subjects
Quantitative Finance - Computational Finance ,Computer Science - Artificial Intelligence - Abstract
There is growing recognition among financial institutions, financial regulators and policy makers of the importance of addressing nature-related risks and opportunities. Evaluating and assessing nature-related risks for financial institutions is challenging due to the large volume of heterogeneous data available on nature and the complexity of investment value chains and the various components' relationship to nature. The dual problem of scaling data analytics and analysing complex systems can be addressed using Artificial Intelligence (AI). We address issues such as plugging existing data gaps with discovered data, data estimation under uncertainty, time series analysis and (near) real-time updates. This report presents potential AI solutions for models of two distinct use cases, the Brazil Beef Supply Use Case and the Water Utility Use Case. Our two use cases cover a broad perspective within sustainable finance. The Brazilian cattle farming use case is an example of greening finance - integrating nature-related considerations into mainstream financial decision-making to transition investments away from sectors with poor historical track records and unsustainable operations. The deployment of nature-based solutions in the UK water utility use case is an example of financing green - driving investment to nature-positive outcomes. The two use cases also cover different sectors, geographies, financial assets and AI modelling techniques, providing an overview on how AI could be applied to different challenges relating to nature's integration into finance. This report is primarily aimed at financial institutions but is also of interest to ESG data providers, TNFD, systems modellers, and, of course, AI practitioners., Comment: 67 pages, 10 figures, UKRI (NERC) Integrated Finance and Biodiversity for a Nature Positive Future Programme
- Published
- 2024
3. How sustainable finance creates impact: transmission mechanisms to the real economy
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Caldecott, Ben, Clark, Alex, Harnett, Elizabeth, and Liu, Felicia
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- 2024
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4. Cascading sulfur cycling in simulated oil sands pit lake water cap mesocosms transitioning from oxic to euxinic conditions
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Yan, Yunyun, Twible, Lauren E., Liu, Felicia Y.L., Arrey, James L.S., Colenbrander Nelson, Tara E., and Warren, Lesley A.
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- 2024
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5. Microbial sulfur cycling determinants and implications for environmental impacts
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Liu, Felicia Y.L., Twible, Lauren E., Colenbrander Nelson, Tara E., Whaley-Martin, Kelly, Yan, Yunyun, Arrey, James L.S., and Warren, Lesley A.
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- 2025
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6. The development of climate finance in Asia : drivers, processes, outcomes
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Liu, Felicia, Demeritt, David Burgess, and Bowman, Megan Elizabeth
- Abstract
Between 2017-2018, three Asian financial centres, namely Hong Kong, Kuala Lumpur and Singapore, debuted their first green debt instruments. On the outset, these developments signified that Asian markets had begun to respond to a global trend to mainstream low-carbon and climate-resilient financing since the Paris Agreement. The decarbonisation and resilience-building of Asian economies hold the key to meeting global climate targets, given the high levels of - albeit uneven - carbon emissions and climate vulnerability in the region. At the same time, considering the unique practices and relations in Asian markets, and the weak track records in environmental finance or corporate sustainability more broadly, these developments deserve greater investigation and scrutiny. In this thesis, I draw upon the analytical strengths of neo-Marxian thinking, as well as the literature of market-making and financial centres, to critically evaluate the processes and the actors that have shaped market development and early outcomes across the three financial centres. I integrate these three conceptual pillars using the 'financial ecologies' framework that conceptualises the financial system as 'ecologies' of actors, knowledge and objectives that give rise to variegated market practices, subsequently leading to different outcomes. I deployed a multi-site qualitative analytical methodology involving document analysis, conference observation and semi-structured elite interviews (n=61). This thesis found that in addition to adopting the internationally prominent green bonds, new variations of climate finance instruments, namely green loans, sustainability-linked loans and green sukuk (Islamic bond) were innovated in Hong Kong, Singapore and Malaysia respectively. These instruments better suit the financing preferences and practices of different markets, which in turn makes climate finance more accessible, such as small-to-medium enterprises and Islamic firms that make up a significant proportion of businesses in the region. While these instruments have been adopted by local actors, my findings suggest that the growing climate finance market has not consistently delivered on the promise of low-carbon and climate-resilient assets and corporate performance. The contradictory outcome between market growth and climate action is due to a combination of factors. First, notwithstanding the innovation of new instruments, the three markets adopted similar lenient disclosure-based calculative mechanisms to govern the 'greenness' of these instruments. The lack of investor interest and capacity in scrutinising the information being disclosed has thus led to assets with sub-par environmental credentials and poor disclosure quality being attributed a 'green' label, which in turn harms the transparency and environmental integrity of the markets. Second, investigating further as to why such lenient calculative mechanisms were adopted, I found that a coalition of transnational financial institutions, professional services providers and multilateral development agencies have played central roles in advising and designing climate finance market design in all three markets. While this finding attests to the importance of international knowledge exchange in developing market finance, it also unveils the structural inability of financial actors in adopting stringent standards in regulating their behaviour. Finally, this leads me to turn to the roles of the state, particularly of Asian developmental states, to intervene and regulate the environmental credentials of climate finance. I found that the governments in the three case studies have deployed traditional developmentalist tools to spur the growth of climate finance markets. However, in line with a developmentalist mindset, the governments were primarily driven by the opportunity to use climate finance as means to enhance the competitiveness of these financial centres. As a result, governments readily accepted the lenient but market-friendly calculative instruments and were reluctant to further regulate. This thesis contributes empirically to geographical critique of finance-based climate solutions by offering perspectives from emerging economies in Asia with their distinct priorities and financial practices. I also contribute to our understanding of the Asian developmental state by showcasing how these traditionally interventionist state handle both the opportunities and challenges that climate change pose upon their financial markets. Conceptually, I expanded the analytical scope of the 'financial ecologies' framework in two ways. First, by unearthing the varied processes of incorporating environmental, climate and sustainability values in financial instruments across the three markets, I shed light on the strength of the ecologies framework in analysing the multitude of factors that shape the topological variations in interpreting and expressing non-financial values. Second, by investigating how different markets interpret the risks and opportunities of climate change, I draw an explicit connection between the geographically variegated physical ecological sphere with the metaphorical 'financial ecologies'. I highlight the inter-dependency between the physical environment and financial markets, which is a dimension often overlooked in financial geographical literature. The findings of this thesis bear practical implications for future climate policy-making: by uncovering how the structural contradictions of finance-based climate solutions evolve in different market geographies, I call for more stringent, state-led regulation of the financial system and aggressive engagement to deliver the mindset and behavioural change that is necessary to align financial flows with global climate targets.
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- 2022
7. Economic geographies
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Liu, Felicia, primary
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- 2023
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8. ‘Seasons of the Anthropocene’: Politicization of the haze season in Southeast Asia.
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Varkkey, Helena, Liu, Felicia, Smith, Thomas, and Trott, Sophie
- Subjects
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DISCOURSE analysis , *HAZE , *PEATLANDS , *SAVINGS & loan associations , *PREPAREDNESS - Abstract
Over the past three decades, a new ‘haze season’ has emerged in the public discourse in Indonesia, Malaysia, and Singapore. The semantic construction of ‘haze season’ signifies societal acknowledgement of recurring and hazardous air pollution episodes caused by the widespread burning of tropical peatlands. This study problematizes the underlying political ecology of the discursive framing of haze as ‘seasonal.’ Through a comprehensive discourse analysis of news media and government/corporate/NGO documents, this paper identifies and analyses three storylines used by divergent groups of actors seeking to attribute meaning and value to haze: (1) ‘it keeps coming back’; (2) ‘it will go away’; and (3) ‘it is normal’. Political actors draw upon these storylines to meet their distinctive political and ecological objectives. Divergent framing of seasonality by different actors reveals some of the mechanisms influencing haze mitigation and adaptation. Our study highlights the importance of unearthing and interrogating the underlying politics involved in constructing ‘seasons of the Anthropocene’. The semantic construction and popularization of ‘seasonality’ for anthropogenic environmental events can be a double‐edged sword, with familiarity enhancing societal preparedness, while normalization can lead to desensitization and inertia towards mitigation. Untangling the divergent pathways of politicizing Anthropocene seasonalities is key to determining whether and how societies can build a ‘liveable future’. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
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9. Contrasting communications of sustainability science in the media coverage of palm oil agriculture on tropical peatlands in Indonesia, Malaysia and Singapore
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Liu, Felicia H M, Ganesan, Vignaa, and Smith, Thomas E L
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- 2020
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10. Accounting for Sustainability in Asia : Stock Market Regulation and Reporting in Hong Kong and Singapore
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Liu, Felicia H. M., Demeritt, David, and Tang, Samuel
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- 2019
11. Seasonality in the Anthropocene: on the construction of Southeast Asia’s 'haze season'
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Liu, Felicia, Smith, T. E. L., Yian, Vernon, and Holden, John
- Subjects
JQ Political institutions Asia ,GF Human ecology. Anthropogeography ,GE Environmental Sciences - Abstract
The widespread burning of tropical peatlands across regions of Malaysia and Indonesia is now considered an annual event in equatorial Southeast Asia. The fires cause poor air quality (‘haze’) across the region, affecting the health of millions, but little has been written about how people in Southeast Asia make sense of this recurring phenomenon. In this paper, we investigate the emergent social construction of the ‘haze season’. Borrowing from anthropology literature, we define ‘seasons’ as a social construct that enables societies to organise their livelihoods around the expectation of recurring phenomena. The construction of ‘haze season’, in turn, reflects ongoing deliberation and contestation of the societal perception of and reaction to the causes and effects of haze. To do that, we analysed more than 35,000 news articles published in Indonesia, Malaysia and Singapore to investigate the timing of haze season reporting and key themes associated with the season. Deploying keyness analysis and structural topic modelling (STM), we find a strong distinction between the themes of articles written about the ‘haze season’ and articles that simply refer to the haze problem alone. Articles that mention ‘haze’ but not ‘haze season’ focus on the root causes of the haze crisis – peatland fires in Indonesia, oil palm plantations, deforestation – as well as geopolitical cooperation to prevent fires (e.g., through ASEAN). We found that the ‘haze season’ articles have a strong association with the effects of the haze crisis, particularly during the haze season months (June to October), suggesting that seasonality plays a role in adaptation behaviour. Outside of the haze season months, articles focus more on haze mitigation and associated political action. As a season that has emerged entirely as the result of human activity, affecting hundreds of millions of people over a spatial extent of millions of square kilometres, we argue that the ‘haze season’ is a ‘Season of the Anthropocene’. We suggest that we should expect more seasons of the Anthropocene as environmental crises and our response to those crises become more acute through this century.
- Published
- 2023
12. Catalyzing the transformation to sustainable finance
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D'Orazio, Paola, Scholtens, Bert, de Mariz, Frederic, González-Ruiz, Juan David, Ullah, Saif, Adegbite, Olayinka, Thompson, Benjamin S., Liu, Felicia H. M., Harris, Jack L., Bigger, Patrick, Pill, Melanie, Hammersley, Georgia, Berg, Monika, D'Orazio, Paola, Scholtens, Bert, de Mariz, Frederic, González-Ruiz, Juan David, Ullah, Saif, Adegbite, Olayinka, Thompson, Benjamin S., Liu, Felicia H. M., Harris, Jack L., Bigger, Patrick, Pill, Melanie, Hammersley, Georgia, and Berg, Monika
- Abstract
The modern financial system has enabled a globalized economy by leveraging investments for production, consumption, and the trade of goods and services. However, this system has also engendered a series of wicked problems and externalities, including but not limited to climate change, environmental pollution, biodiversity loss, and inequalities that significantly challenge the well-being of nature and people. The system is also currently inadequate with regards to financing sustainable development, as recognized by the 2015 Addis Ababa Action Agenda. This Voices asks: what must be done to transform today's financial system for a sustainable future?
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- 2023
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13. Catalyzing the transformation to sustainable finance
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D’Orazio, Paola, Scholtens, Bert, de Mariz, Frederic, González-Ruiz, Juan David, Ullah, Saif, Adegbite, Olayinka, Thompson, Benjamin S., Liu, Felicia H.M., Harris, Jack L., Bigger, Patrick, Pill, Melanie, Hammersley, Georgia, and Berg, Monika
- Abstract
The modern financial system has enabled a globalized economy by leveraging investments for production, consumption, and the trade of goods and services. However, this system has also engendered a series of wicked problems and externalities, including but not limited to climate change, environmental pollution, biodiversity loss, and inequalities that significantly challenge the well-being of nature and people. The system is also currently inadequate with regards to financing sustainable development, as recognized by the 2015 Addis Ababa Action Agenda. This Voices asks: what must be done to transform today’s financial system for a sustainable future?
- Published
- 2023
- Full Text
- View/download PDF
14. Seasonality in the Anthropocene: On the construction of Southeast Asia’s 'haze season' in the media
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Liu, Felicia, primary, Yian, Vernon, additional, Holden, John, additional, and Smith, Thomas, additional
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- 2022
- Full Text
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15. Climate Governance of Nature-Based Carbon Sinks: A Systematic Literature Review
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Liu Felicia, Miller Michelle Ann, and Taylor David
- Subjects
mitigation ,carbon sink ,hybrid governance ,climate solution ,social-ecological ,polycentric - Abstract
Enhanced carbon sequestration in vegetation and organic-rich substrates and soils, or Nature-based Carbon Sinks (NCS), can play a key role in mitigating climate change. Globally, research on NCS has tended to concentrate on the science of carbon sequestration; processes through which NCS and how trade-offs with potentially competing demands on natural resources might be most effectively governed have received relatively little attention. This systematic review goes some way toward redressing this imbalance by examining published accounts of the governance of NCS. The review focuses on Southeast Asia, a highly dynamic part of the world with great potential for enhanced carbon sequestration in NCS. A total of 94 articles, 10% of those initially selected from relevant journal articles published between January 2015 and December 2020, focusing on the governance of NCS in Southeast Asia, were subjected to detailed content analysis. The period of interest commences with the release and signing of the 2015 Paris Agreement due to the surge in publications on NCS that followed. Results of the analysis reveal weaknesses in climate governance that, along with competing land uses and rising demands for natural resources, present significant risks to current and future carbon sequestration in NCS. Our systematic literature review, suited to assessing where knowledge gaps exist, thus provides the basis for a future research agenda aimed at supporting the development of holistic and adaptive forms of governance of NCS. Important gaps revealed by the review comprise an uneven geographic coverage that renders governance in several countries and types of NCS in Southeast Asia largely invisible, a focus on either the local or the national scale that leaves the supranational scale and linkages between different scales under-explored, and alternatives to established arrangements, notably REDD+ programmes.
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- 2022
- Full Text
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16. Ecologies of green finance: Green sukuk and development of green Islamic finance in Malaysia
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Liu, Felicia HM, primary and Lai, Karen PY, additional
- Published
- 2021
- Full Text
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17. Sustainable urban living in Malmo
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Pickworth, Lucy and Liu, Felicia
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Sustainable urban development ,Geography - Abstract
Sustainable living is an important part of GCSE geography courses and a challenge for all governments. This case study of Malmo in Sweden shows how the city is becoming sustainable, [...]
- Published
- 2011
18. 'Seasons of the Anthropocene': politicisation of the haze season in Southeast Asia
- Author
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Varkkey, Helena, Liu, Felicia H M., Smith, T. E. L., Trott, Sophie, Varkkey, Helena, Liu, Felicia H M., Smith, T. E. L., and Trott, Sophie
- Abstract
In the last three decades, a new ‘haze season’ has emerged in Indonesian, Malaysian, and Singaporean societies to signify the recurring air pollution episode caused by the widespread burning of tropical peatlands. This study delves into the discursive framework of ‘seasonality’ surrounding the societal perception and response to haze, exploring ‘haze season’ as an adaptation context and ‘haze’ as a mitigation strategy. Deploying a three-step methodology, this paper identifies and analyses key storylines used by various political actors to attribute meaning to haze, namely (1) ‘it keeps coming back’, (2) ‘it will go away’, and (3) ‘it is normal’. Different political actors deploy these storylines for distinct purposes. The objectives of storyline deployment align mostly between governments and corporations seeking to explain, legitimise, and detract from mitigation inefficiencies and adaptation inadequacies, with civil society organisations being the sole challenges and critique of this patronage network structures, where governments and companies tolerate unsustainable agroforestry practices leading to haze. The study underscores the significance of understanding the politics involved in constructing ‘seasons of the Anthropocene’. Divergent framing of seasonality by different actors reveals the underlying mechanisms influencing environmental change mitigation and adaptation. The construction of Anthropocene seasons can be a double-edged sword, with familiarisation enhancing societal preparedness, while normalisation can lead to desensitisation and inertia towards mitigation. Untangling the divergent pathways of politicising Anthropocene seasonalities holds the key to determining whether and how societies can build a ‘liveable future’. By grasping the dynamics of the ‘haze season’ discourse, we can project effective environmental action and address the challenges posed by recurring haze episodes.
19. Seasonality in the Anthropocene: on the construction of Southeast Asia’s 'haze season'
- Author
-
Liu, Felicia, Smith, T. E. L., Yian, Vernon, Holden, John, Liu, Felicia, Smith, T. E. L., Yian, Vernon, and Holden, John
- Abstract
The widespread burning of tropical peatlands across regions of Malaysia and Indonesia is now considered an annual event in equatorial Southeast Asia. The fires cause poor air quality (‘haze’) across the region, affecting the health of millions, but little has been written about how people in Southeast Asia make sense of this recurring phenomenon. In this paper, we investigate the emergent social construction of the ‘haze season’. Borrowing from anthropology literature, we define ‘seasons’ as a social construct that enables societies to organise their livelihoods around the expectation of recurring phenomena. The construction of ‘haze season’, in turn, reflects ongoing deliberation and contestation of the societal perception of and reaction to the causes and effects of haze. To do that, we analysed more than 35,000 news articles published in Indonesia, Malaysia and Singapore to investigate the timing of haze season reporting and key themes associated with the season. Deploying keyness analysis and structural topic modelling (STM), we find a strong distinction between the themes of articles written about the ‘haze season’ and articles that simply refer to the haze problem alone. Articles that mention ‘haze’ but not ‘haze season’ focus on the root causes of the haze crisis – peatland fires in Indonesia, oil palm plantations, deforestation – as well as geopolitical cooperation to prevent fires (e.g., through ASEAN). We found that the ‘haze season’ articles have a strong association with the effects of the haze crisis, particularly during the haze season months (June to October), suggesting that seasonality plays a role in adaptation behaviour. Outside of the haze season months, articles focus more on haze mitigation and associated political action. As a season that has emerged entirely as the result of human activity, affecting hundreds of millions of people over a spatial extent of millions of square kilometres, we argue that the ‘haze season’ is a ‘Season of the Anthr
20. Seasonality in the Anthropocene: politicisation of the haze 'season' in Southeast Asia
- Author
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Varkkey, Helena, Liu, Felicia, Smith, T. E. L., Varkkey, Helena, Liu, Felicia, and Smith, T. E. L.
- Abstract
Even though there is an increased understanding that the haze issue is anthropogenic, as the haze season becomes increasingly normalised (more severe one year and less so the other, but taken as a given), society may “forget” that haze is anthropogenic and hence avoidable. This storyline thus may also contribute to absolving governments of responsibility or pressure to act, writes Helena Varkkey, Felicia Liu, and Tom Smith
21. Contrasting communications of sustainability science in the media coverage of palm oil agriculture on tropical peatlands in Indonesia, Malaysia and Singapore
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Liu, Felicia H M., Ganesan, Vignaa, Smith, T. E. L., Liu, Felicia H M., Ganesan, Vignaa, and Smith, T. E. L.
- Abstract
This article analyses the denialist narratives of the negative environmental impact of oil palm plantations on tropical peat by the media of Indonesia, Malaysia and Singapore. Specifically, we focus on media coverage of the 2016 International Peat Congress, where scientifically misleading claims that it is sustainable to develop oil palm plantations on tropical peatlands were made. We found that media reporting of the denialist narrative is more prevalent than that of the peer-reviewed science consensus-view that plantations on tropical peat could cause excessive greenhouse gas emissions and enhance the risk of fires. Four mutually complementary narratives were used by Indonesian and Malaysian media to construe denialism, which closely resemble the four climate denialist narratives identified by Elsasser and Dunlap (2013). These denialist narratives draw heavily upon information advocated by divergent knowledge communities (Goldstein 2016) and appeal to a nationalist sentiment of ‘us’ - palm oil-producing developing countries - and ‘them’ - western developed countries producing research critical of the industry. The Malaysian press has most extensively deployed this nationalistic sentiment, whereas the Singaporean media has not actively endorsed or rejected any of the denialist narratives. Our findings suggests that media representation of the issue is a reflection of an amalgamation of economic, diplomatic and nationalistic concerns, determined by political, socio-cultural nuances specific to each country. Importantly, our article alerts to the continuation of unsustainable practices as justified by the media to the public, and that the prevalence of these denialist narratives constitute a significant obstacle in resolving pressing issues such as transboundary haze, biodiversity loss, and land-use change related greenhouse gas emissions in Southeast Asia.
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