Asian businesses account for a significant 51% of global emissions showing their pivotal role in advancing efforts to mitigate climate change. In order to address the climate crisis in Asia, the Asian Development Bank ADB has estimated that investments averaging approximately $1.7 trillion annually until 2030 are required.
One of the most significant areas that need to be phased out is the region's coal-fired power plants which make up 60% of the energy supply for Asia Pacific Apac and a third of carbon emissions.
According to Gillian Tan, assistant managing director development and international and chief sustainability officer of the Monetary Authority of Singapore...
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