McKinsey has said that across Asia-Pacific (APAC), more than 15 countries and 670 companies have set (or are committed to setting) emission-reduction targets, thereby creating new investment opportunities in green technology. Asia also boasts an extensive nature-based capital asset that can play a significant role in contributing to net zero, while simultaneously preserving biodiversity and ecosystem functions, the firm said. TRENDS takes a look at the green opportunities in the continent:
Asia green business market to hit $5 trillion by 2030
1 min read
- Around $3.1 trn will need to be spent per year on average on physical assets for energy and land-use systems from 2020 to 2050.
- Vehicle electrification could contribute 10 to 15 percent of the abatement potential needed by 2050, lowering emissions by roughly six GtCO2e.
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