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In APAC, vast political, economic, and social differences among countries pose an impact on sustainable finance regulations. Even for ESG factors that are easiest to measure and compare — carbon emission, for example — there are still no common goals in the region.
The week-long event from September 17-24 focused on accelerating action to achieve net zero emissions by 2050 and building a more just and equitable society. Companies are increasingly prioritizing ESG reporting to manage risk, enhance their reputation, and comply with regulations.
Many countries have committed to reaching net zero by 2050, aligning with the Paris Agreement’s goal to limit global warming to well below 2 degrees Celsius. And they could drive economic gains: Research shows markets for carbon-neutral goods and services may be worth $10.3 trillion to the global economy by 2050.
Rising consumer demand : Consumers are increasingly prioritizing eco-friendly products and services. Regulatory pressure : Governments and international bodies are implementing stringent regulations to promote sustainability. Compliance with such regulations is becoming non-negotiable for businesses.
Kubota, a Japanese-based services and technology provider within the agriculture, water and environmental industries, has a keen focus on innovation and sustainability. Simultaneously, it attempted to commit to its zero carbon city declaration, which aims to virtually eliminate carbon dioxide emissions by 2050. The result?
Setting the stage for the conversation is the fact that: Energy Information Administration (EIA) projects there will be a demand for 50% more energy by 2050 based on today’s forecast. The scale is incredibly fast, and like similar technology regulation, efforts are in many cases behind the need.
Renewable Energy: Intending to reach net-zero carbon emissions by 2050, France’s new plan sets aside €9 billion to incentivize industrial companies to adopt greener energy sources. Denmark’s plan aims for a 70% reduction in emissions by 2030 and full carbon-neutrality in 2050. At the same time, the RTRP allocates $7.6
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