Is transition finance the key to Asia's energy transition?

Quick Summary:

While green finance has more than tripled globally since the Paris Agreement, transition finance has not kept pace.

Directing finance flows to emissions-intensive sectors in emerging markets, will be crucial for global decarbonisation efforts.

Tang added that for many economies in Asia trying to balance decarbonisation with economic and social development, investments in emerging market assets while steering these industries to decarbonise could lead to “better real-world outcomes”.

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Article Details

Author / Journalist: Yajie Yang

Category: EconomyBusiness

Markets: SingaporeAzerbaijanIndia

Topics: Energy transition Emissions Climate finance Paris Agreement Decarbonisation Cement Financing Investment Net zero

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 10:15:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1693 words

Reading Time: 10 minutes read

Sentences: 53 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23369482

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #100

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