Capturing the decarbonisation investment opportunity
The world is at a tipping point as far as climate change is concerned. Research released in early 2020 by NASA – the United States’ National Aeronautics and Space Administration – and the National Oceanic and Atmospheric Administration, for instance, said 2019 capped the hottest decade in recorded history. Further, the World Meteorological Office said last year was one of the warmest since 1850, and has cited rising carbon dioxide concentrations in the atmosphere despite Covid-19. Such overwhelming evidence of the magnitude of the climate problem has put the need to act at the top of the global agenda. In fact, 2020 heralded the most significant commitments yet to tackling these escalating challenges. Accelerated by the pandemic-inspired pivot towards environmental solutions and technologies, in part to stimulate recoveries, the five largest economies – the US, China, the EU, Japan and the UK – have taken key steps in recent months towards a low-carbon future. Within Asia, for example: China has vowed to achieve “net-zero” carbon emissions by 2060 Other fossil-fuel-reliant economies like Japan and South Korea have committed to carbon neutrality by 2050 In Singapore, meanwhile, the ...
