South-East Asia has taken the first key steps to shifting to a greener and cleaner economy but it needs US$2 trillion (RM8.36 trillion) of investment this decade to cut emissions and remain competitive globally, said a report.
The report by management consultancy Bain & Company, Microsoft and Singapore’s Temasek, released yesterday, said the region needs to focus on three areas – speeding up the switch to green energy and transport; putting a value on nature; and making the agri-food sector more efficient, less polluting and less environmentally damaging.