Asia’s path to a greener future
Conclusion
The technologies assessed in this research could significantly reduce GHG emissions in Asia. In most cases, they offer additional benefits such as better product quality, less waste and more environmental safeguards. Despite their potential for decarbonisation, barriers remain to scaling. Moving past them requires strong regulatory and policy support. Investment incentives, such as tax breaks and subsidies, will also be impactful in driving investments into these technologies. According to Steve Melhuish, Founding Partner of Wavemaker Impact and Founder of PropertyGuru Group, the focus in Asia needs to shift towards adapting business models that accelerate the widescale adoption of existing, tried and tested green technologies. These greentech solutions can rapidly deliver significant emission reductions, as well as efficiencies that improve top and/or bottom line.
Consumers can support decarbonisation efforts by making informed, selective purchasing decisions. For example, they can choose more sustainable foods and textiles, switch to EVs and ensure the proper disposal of their electronics, if available. Technology is a critical enabler of decarbonisation efforts and, as it continues to advance, it brings greater scope to address emissions in hard-to-abate sectors. As this research demonstrates, innovation plays a crucial role in improving energy efficiency and reducing waste, but challenges remain to the broader uptake of each technology. Investment in research, development and deployment of nascent technologies will be essential to achieving our climate goals.
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