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Charting Pathways for a Sustainable Asia
Asia is a resource-rich region but home to five of the ten largest emitters in the world – China, India, Indonesia, Japan and South Korea. The region accounts for about 45% of global GHG emissions due to its significant population base, robust economic development and a strong long-term growth potential. As Asia positions itself as the axis of global growth, it needs to put in place comprehensive ecosystems to enhance the region’s attractiveness as a hub for low-carbon investments and clean technology deployment.
The region is facing a myriad of challenges in moving towards a common agenda of realising sustainability goals. This, however, will be achieved based on intra-regional collaborations, taking into account the differing pace and pathways, with each nation capitalising on the unique set of policy ambitions. It is imperative for the region to also strike the right balance in the energy trilemma of affordability, security and sustainability to ensure an inclusive, prosperous and a sustainable future for Asia.
Opportunities are abound, underpinned by accessibility and availability of resources – whether it is molecules, energy sources, technology, financing and talent – leveraging on unconventional partnership and collaboration.
Charting Pathways for a Sustainable Asia
Asia is a resource-rich region with a significant population base, robust economic development and strong long-term growth potential. The region comprises advanced, developing and emerging economies moving at multiple paces, underpinned by different stages of economic development and socio-economic standards.
In most developing and emerging Asia, decarbonisation requires the stakeholders to strike the right balance between energy security, affordability and sustainability, or the energy trilemma. Balancing this will allow the development of the right ecosystems that suit their respective national interest, particularly to sustain economic development and alleviate poverty, as well as spurring new growth areas arising from energy transition.
As Asia positions itself as the axis of global growth, it is imperative that the region puts in place comprehensive ecosystems to enhance its attractiveness as a hub for low-carbon investments and clean technology deployment. The goal is to decarbonise the region by subscribing to global best practices, best-in-class technologies and innovative solutions that would lead to a just transition for Asia.
We can achieve this through intra-regional collaborations, among others, capitalising on each nation’s unique set of policy ambitions. The role of policies, financing, innovation, digital transformation and collaboration are all critical in super-charging efforts towards Asia’s just and responsible transition. Opportunities abound, underpinned by accessibility and availability of resources – whether it is molecules, energy sources, technology, financing and talent – leveraging on unconventional partnership and collaboration.
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