Decarbonisation
Despite the positive momentum in addressing climate change, Southeast Asian countries' proposed pathways are not ambitious enough to meet the 1.5 ° C target. While decarbonisation goals are attainable, they are hampered by a number of issues in governance, policy, finance, and implementation. Energy transition efforts in almost all regional countries are hampered by low levels of private sector participation in the energy sector, uncertain regulatory environments, and poor- quality grid infrastructure. Addressing these issues will necessitate greater coordination at the national, state, and local levels. Decarbonisation Milestones
Meanwhile, the decarbonisation imperative for businesses is accelerating. Organisations should actively respond to the possible physical and transition risks and opportunities of climate change. In doing so, they can limit exposure to climate- related risk and position themselves more favorably respond to associated opportunities. For business leaders, climate risks and opportunities can be more than a reporting or disclosure matter. At a time when political will and global public opinion are focused on profound climate action, climate risks and opportunities should be front and center for organisations as they plan their future growth strategies. The subsequent topic deliberates further on the three-decarbonisation focus including Building & Energy, Digital Infrastructure & Transportation, and Environment & Society.
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MSCA 2023 I VOL.5
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