Efforts to decarbonise Asian economies are ‘lagging’ but the region could soon ‘leapfrog’ the rest of the world as green finance gathers momentum, according to a new report by Janus Henderson.
Asia Pacific was the fastest growing region for green bond sales globally in 2021, selling $124.53bn of green debt, which was a 128% increase compared with the previous year.
However, the region has ‘lagged’ the world in moving to clean energy, with its decarbonisation rate sitting at 0.9% in 2020 compared to the global average of 2.5%, according to Janus Henderson’s Decarbonisation in Emerging Markets – Perspectives and Insights from Asia report.
The newly published research showed the ‘slow progress’ in the region is due to its heavy reliance on fossil fuels, restricted access to green finance, ‘varying degrees of state market control’ and poor…
Clean energy efforts ‘lagging’ in Asia but that could soon change
