Southeast Asia Green Economy Report

Read Time:2 Minute, 40 Second


A new report from Bain & Company, Microsoft and Singapore’s Temasek Holdings shows that Southeast Asia will need US$2 trillion in investment in the next ten years to build sustainable infrastructure to help reduce greenhouse gas emissions in the region.

According to the report, this includes investments in areas such as renewable energy, electric vehicles and waste management.Southeast Asia’s Green Economy: Opportunities on the Road to Net Zero.”

According to the report, last year, investors invested only about US$9 billion in green companies and assets. According to the report, to achieve the US$2 trillion investment figure, the public, private, and charitable sectors in the region must work together to unlock the full potential of Southeast Asia.

Climate change is a serious problem in Southeast Asia because it has experienced disproportionate climate disasters and extreme weather events.

Dale Hardcastle, Bain’s Global Sustainability Innovation Co-Director, said that although the fight against Covid-19 is still the top priority of most governments, a lot of attention in Southeast Asia last year was on climate. Acting and thinking about the necessity of a green economy go to the central government.

In this aerial photo taken on Wednesday, November 27, 2019 in the Penajam area of ​​East Kalimantan, Borneo, Indonesia, a road passes through palm plantations and tropical rain forests.

Dimas Adion | Bloomberg | Getty Images

“We have seen multiple green projects in Singapore with Other countries,” Hardcastle on CNBC on Wednesday”Asian road signs“As part of the climate conference’s ecological prosperity.

“We are beginning to see the government try more cross-regional cooperation, whether it is around green finance, energy transition or other new measures,” he added.

this The United Nations describes the so-called green economy As a country driven by investment in economic activities, infrastructure and assets, these investments can reduce carbon emissions and pollution. The green economy also improves energy and resource efficiency, and prevents the loss of biodiversity and ecosystems.

The report found that about 90% of Southeast Asia’s carbon emissions can be achieved through the transition from fossil fuels to clean energy such as wind and solar Agricultural food production More efficient.

According to the report, although agriculture is an important contributor to Southeast Asia’s economy, it is also a major source of carbon emissions. Countries must work with smallholder farmers to encourage them to adopt more sustainable farming practices to reduce carbon dioxide emissions into the atmosphere.

According to the report, if countries take action today, by 2030, the region’s green economy can contribute approximately US$1 trillion in economic opportunities and create approximately 5 to 6 million new jobs.

Hardcastle told CNBC that although many regional conglomerates and large companies in Southeast Asia have begun to consider sustainable development compared with their counterparts in the United States and Europe, their development speed has been slower.

“They are starting to think critically about how they can start investing in a green economy-whether it is for their own interests to protect the companies they own or to take more concerted action to combat climate change, it is great to see that things are starting to move,” he said.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Decline
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Who we are

Suggested text: Our website address is: https://updatednews24.com.

Comments

Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

Media

Suggested text: If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.

Cookies

Suggested text: If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year. If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser. When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select "Remember Me", your login will persist for two weeks. If you log out of your account, the login cookies will be removed. If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

Suggested text: Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website. These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Who we share your data with

Suggested text: If you request a password reset, your IP address will be included in the reset email.

How long we retain your data

Suggested text: If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue. For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

What rights you have over your data

Suggested text: If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where we send your data

Suggested text: Visitor comments may be checked through an automated spam detection service.
Save settings
Cookies settings