ACCELERATING SE ASIA SECARBONISATION

While the path from aspiration to results will be one of immense challenge, enablers such as Southeast Asia (SEA’s) voluntary carbon markets and the growing green data revolution will be critical in accelerating the region’s decarbonisation journey.

- DALE HARDCASTLE, GERRY MATTIOS, VINAYSHANKAR KULKARNI, LORENA PAGLIA, FREDERICK TEO

Over the past year, the scales have tipped with COVID-19 bringing issues of climate change and resilience to the fore. The region’s key players have responded in step, with governments, businesses, and investors all committing to new actions. This year is the year of climate action as Net Zero takes centre stage globally, and conversations shift from challenges to solutions and action. SEA is gaining relevance on the global stage as a critical piece of the Net Zero solution. These are among the findings of a new report from Bain & Company, Microsoft and Temasek, ‘Southeast Asia’s Green Economy: Opportunities on the Road to Net Zero’ released recently.

“Sustainability has never been more important, as businesses evaluate and embrace the use of data, sensors, and cloud computing to improve their carbon footprint and supply chain visibility. The opportunity for Southeast Asia is to move from awareness to industry standards and policy models. The report, therefore, aims to be the catalyst that kindles the necessary conversation and application of carbon goals and green business decisions.