bain-southeast-asia-green-economy-2024-report.pdf

1、1SOUTHEAST ASIAS GREEN ECONOMY 2024MOVING THE NEEDLE2The information in this report is provided on an“as-is”basis.This document was producedby Bain&Company,GenZero,Standard Chartered,and Temasek(“the authors”)as of the date of writing and is subject to change.This document has been prepared solely f

2、or informational purposes over a limited time period and for providing a perspective on the market.Projected market and financial information,analyses,and conclusions contained herein should not be construed as definitive forecasts or guarantees of future performance or results.The authors or any of

3、 their affiliates and any third party involved make no representation or warranty,either expressed or implied,as to the accuracy or completeness of the information in this report and shall not be liable for any loss arising from the use hereof.Inclusion of companies featured in this report does not

4、indicate endorsement in any shape or form from the authors of this report.Copyright in the materials,text,articles,and information created by third parties and the rights under copyright of such parties referenced in this report are hereby acknowledged.Copyright in all other materials not belonging

5、to third parties and in these materials as a compilation vests and shall remain,at all times,as the copyright of the authors of this report,and should not be reproduced or used except for business purposes on behalf of the authors or with the express prior written consent of an authorized signatory

6、of the authors.ReferenceThe information included in this report should be sourced as“Bain&Company,GenZero,Standard Chartered,and Temasek Southeast Asias Green Economy 2024 Report:Moving the needle.”Disclaimer&Reference3Authors&AcknowledgmentsWe would like to thank the team who has worked tirelessly

7、to develop this report:GenZeroHui Qing Soh,Chief of StaffChloe Lim,Assistant Vice PresidentStandard CharteredEvonne Lee,Co-Head,CIB Marketing,Asia and Sponsorships,SingaporeChristina Soon,Director,Communications andBusiness Content Gladys Goh,Associate Director,Brand&Marketing Phyllis Goh,Associate

8、Director,CommunicationsTemasek Anh Vu Nguyen,DirectorKeith Lin,DirectorAllan Arthur Leyeza Cabrera,Vice PresidentRemus Tan,Assistant Vice PresidentGladys Tan,Assistant Vice PresidentThe insights and content of this report also benefited from the wisdom of more than 50 leading industry experts across

9、 SEA and beyond.The richness and clarity of thought in this report would not have been possible without the input from these individuals.To all who answered our call or wrote a thoughtful emailwe owe you our deepest thanks.Bain&Company Gerry Mattios,Expert PartnerGwyneth Fries,Senior ManagerJongmin

10、Park,ManagerJinwoo(Mark)Jang,ConsultantBerlinda Lim,Senior Associate ConsultantJaeeun Kil,Associate ConsultantSeunghyun Jang,Associate ConsultantJessy Chua,Director,SEA Market ReputationMichele Koe,Manager,SEA Market ReputationYan Xin Tay,Manager,SEA Market ReputationAcknowledgmentsThe“Southeast Asi

11、as(SEA)Green Economy 2024 Report:Moving the needle”is jointly produced by a collaboration between Bain&Company,GenZero,Standard Chartered,and Temasek.Contributing authors are as follows:AuthorsDale HardcastleGlobal Sustainability Innovation Center Director and Partner,Bain&CompanyYukiko TsukamotoPar

12、tner,Bain&CompanyBerakah Hyunbin LeeSenior Manager,Bain&CompanyKyung-Ah ParkHead,ESG Investment Management&Managing Director,Sustainability,TemasekKimberly Tan Head of Investments,GenZeroTracy Wong HarrisHead of Sustainable Finance Asia,Standard CharteredJustin MaExecutive Director,Standard Chartere

13、d4PageIntroduction5State of Play20Investable Ideas46Accelerators70Policies and Incentives75Innovative Finance Mechanisms91Scaling Corporate Investment108Cluster/Pilot Development115Regional Collaboration120Conclusion126Country Insights133Indonesia134Malaysia139Philippines144Singapore149Thailand154Vi

14、etnam159TABLE OF CONTENTS5Introduction6Foreword byBain&CompanyThe past 12 months have reinforced the need for concerted global action on climate change,and specifically for greater urgency and commitment from governments across the world.This has been equally true across Southeast Asia where,encoura

15、gingly,there has been a steady uptick in commitments from all stakeholders.Four countries in ASEAN have raised climate commitments,and seven are now considering carbon pricing measures to promote action.There has been a four-fold increase in corporate commitments to set science-based targets,and man

16、y leaders have outlined ambitious multi-billion-dollar investment programs to decarbonize their businesses.Yet in climate action,as in business and life,the real test of a strategy is not the targets we set,but the concrete steps we take to accelerate progress and deliver the impact we have committed to.The green transition in SEA is at a tricky juncture where bold ambition is meeting the realities of the day.Southeast Asia governments are grappling with the challenges of rising energy demand(th