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Amid escalating climate losses and no net zero goal in sight, a newly proposed Low Carbon Economy Investment Act and ambitious private sector-led initiatives only way for Philippine industries to decarbonise.
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While renewable energy sources take centre stage in Asia, the region must consider available yet effective interim options as it expands clean energy infrastructure and overcomes financing hurdles to meet increasing demand in the long term, says Karna Mohan, Siemens Energy’s vice president, finance, Asia Pacific.
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While green finance has more than tripled globally since the adoption of the Paris Agreement, investments to decarbonise the hard-to-abate industries have not kept pace. Directing finance flows to these emissions-intensive sectors, particularly in emerging markets, will be crucial for global decarbonisation efforts.
EB工作室
Plastic waste is flooding the planet. Instead of waiting for regulation to drive change, give value to recyclables and mobilise the people, says Plastic Bank.
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