AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Nottingham green de8/8/2023 ![]() To fulfill its commitments, Southeast Asia must focus on four priority actions: It delves into the key challenges and proposes mechanisms to accelerate climate progress in two crucial areas on the road to delivering 2030 ambitions: energy and nature. This report provides a comprehensive overview of the state of the Southeast Asia green economy. ![]() In tandem, Southeast Asia needs to expedite its efforts to make the protection and restoration of nature economically competitive with exploitation and use market-based measures to put a price on nature and its carbon potential. Governments need to both accelerate development of local markets and upgrade grids and collaborate across Southeast Asia countries to connect power demand and investment in capacity. The region has abundant technical potential to scale renewable energy to better meet its rapidly growing energy demand, but this potential is not evenly distributed. Investors highlight multiple challenges, from high capital costs to constraints on market access, as well as insufficient investment returns and uncertainty about policy direction. Although investment commitments have increased, actual deployment of green capital has declined by 7% since 2021. Achieving its reduction targets will require over $1.5 trillion in cumulative investment by 2030 versus the mere $5.2 billion in green capital flows observed in 2022. However, despite the efforts of governments, corporations, and investors to reinforce their climate commitments, it has not been sufficient to keep Southeast Asia on track.
0 Comments
Read More
Leave a Reply. |