Southeast Asia’s pivotal role in achieving net-zero emissions hinges on securing over USD50bn for a green transition, underscored at the Economist Impact Sustainability Week Asia. Experts highlighted the region’s need for transition finance to shift from fossil fuels to sustainable practices, noting the importance of adapting industries like palm oil for economic and environmental benefits. Hao Liang of the Singapore Green Finance Centre stressed the necessity of funding businesses transitioning to green, blending profitability with environmental goals. Amidst growing investor interest in ESG funds, Southeast Asia stands at the forefront of sustainable finance innovation, facing challenges with opportunities to revolutionise green and transitional finance practices, vital for its sustainable future.
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