Governments and companies in Asia Pacific Apac has made notable headway in clean energy investments, but a deep financing gap continues to threaten its energy transition ambitions.
Emerging and developing economies in the region need at least $1.1 trillion a year for climate mitigation and adaptation, according to the International Monetary Fund IMF, yet they are falling short by around $800 billion annually.
That gap is widening under mounting geopolitical tensions and economic uncertainty, panellists warned at Temasek’s Ecosperity Week in Singapore earlier this month.
“The demand for energy transition financing is still there, but there is this big level of uncertainty,”...
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