ESG Thema #8 – Financing the energy transition in Asia

February 23, 2022
  • Climate change commitments have stepped up recently but have yet to fully answer the call. National commitments should not constitute a limitation or constraint for a business entity to set ambitious net zero targets that are aligned with the Paris Agreement.
  • As Asia is reliant on coal with a relatively young age of coal power fleets at 13 years old vs. 30 to 40 years elsewhere, more innovative mechanisms are expected to be part of the regional coal phase-out and energy transformation journey.
  • Clean energy investment in emerging and developing economies in general need to expand by more than 7 times to above US$1 trillion under a net zero scenario by 2050.
  • Besides transition risk, Asia stands out to be one of the regions most exposed to physical climate risk. The loss in economic value for Asia would be around 15-20% of GDP by mid-century.
  • Climate transition in Asia has its distinct challenges. Balancing economic development, climate actions and social inclusion will be critical to ensure a just transition pathway that leaves no one behind.

BACK
Subscribe to the Amundi Research Newsletter

Important legal information.

Please read these terms and conditions carefully.
 
This part of our website is for the attention of Professional and Institutional Investors and Home Office Personnel only. In the European Union, it is not for non-professional investors as defined by MIFID or in each local regulation for the general public. This website is solely for informational purposes.
 
This website does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. Any securities, products, or services referenced may not be registered for sale with the relevant authority in your jurisdiction and may not be regulated or supervised by any governmental or similar authority in your jurisdiction.
 
Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. There is no guarantee that any targeted performance or forecast will be achieved.
 
Amundi owns the copyright and all other intellectual property rights in the website.

By choosing “Accept” you represent that you understand and agree to all the legal terms and conditions of this website.

vel, et, ut consequat. massa Lorem vulputate, porta. mattis Curabitur