Asia is at the epicenter of the climate crisis—if greenhouse gas (GHG) emissions are not urgently reduced, the effects of climate change will become increasingly severe. Our research shows that colossal sustainable finance—an average of USD$3.1 trillion per year till 2050—is required for the region to achieve its net-zero emissions target. The good news is that there is a wealth of knowledge and diversity of thought on sustainability in Asia across public and private domains, as well as different sectors and industries.
The question is: How can countries and institutions accelerate the mobilization of capital to close the funding gap required for the transition? We are privileged to have been able to convene leading experts across the field to answer this crucial question as part of McKinsey’s Shapers of Sustainability interview series. In our conversations, we talk about the climate challenges Asia faces, the opportunities available for the region, and what actions can be taken to enable the transition to net-zero across Asia-Pacific.