Ecosperity

2024 has seen continued efforts in #climateaction. Throughout the year, #Ecosperity convened players across sectors and industries to drive discussions and foster collaboration for concerted action. At our flagship event, Ecosperity Week, leaders and experts identified pathways for a just transition, discussed approaches to accelerate and scale #decarbonisation, and addressed strategies to close the climate financing gap.     These discussions continued through our Ecosperity Conversations series which includes “Driving Asia’s Transition to Green Transportation: Opportunities for Investment and Impact” as well as two sessions on energy transition and climate finance at #COP29. The exchange of insights was further bolstered by reports like the Southeast Asia's Green Economy 2024 Report and Powering an affordable EV revolution in emerging Asia report, which shone a spotlight on investible opportunities that can bring the region closer to its climate goals.   As the new year approaches, keep watching this space as we take stock of Asia’s progress toward its 2030 decarbonisation goals and identify strategic areas for systems-level change that the region requires to carve a viable pathway to 2030. Join the conversation. https://lnkd.in/gS6Sp73d

At the recent #COP29, there were calls to accelerate #decarbonisation for a more inclusive and just transition.     Our first Temasek-curated #Ecosperity Conversations session at COP SG Pavilion, titled “Maximising the Multiplier on Catalytic Capital”, centred around the need to find common ground for climate financing. Panellists including Connie Chan, Head, Financial Services, Temasek, echoed the need to galvanise capital towards blended finance initiatives with more intention and speed.    This could enable infrastructural scalability, as highlighted by experts on our second panel session titled “An Affordable Energy Transition in Emerging Asia”. Moderated by Franziska Zimmermann, Director, Sustainability & Climate Change Strategy, Temasek, industry leaders and partners shared insights on how businesses can leverage on Asia’s untapped #renewables potential to drive the region’s energy transition.     As Franziska shared, “Innovation is critical, and we can be confident there's ample innovation out there and solutions that are ready to be deployed and scaled.”     🤝🏻 Central to all these discussions was the recognition that financing and collaboration is key to bridging the financing gap and unlocking the capital needed to scale the adoption of green solutions for the region.     💡 One such example is the deployment of US$1 billion into sustainable infrastructure projects in Asia under The Green Investments partnership managed by Pentagreen Capital under Singapore’s Financing Asia’s Transition Partnerships (FAST-P) at #COP28 by Monetary Authority of Singapore (MAS), Temasek, Allied Climate Partners and IFC - International Finance Corporation.     Learn more about the Ecosperity Conversations at #COP29 here: https://lnkd.in/g7FjgcSy  

Developing Asia needs US$1.7 trillion annually in infrastructure investments until 2030 to maintain its growth momentum while responding to climate change. The progress made by blended finance initiatives like the Green Investments partnership demonstrates the impact of convening public, private and philanthropic partners.  Crowding in capital is crucial to unlocking financial flows towards marginally bankable sustainable infrastructure projects in the region at scale and at speed. As #COP29 goes on, we look forward to seeing discussion outcomes shape pathways to bridge climate financing gaps in Asia.  Find out more about #Ecosperity Conversations happening at COP29: https://lnkd.in/gq3SjGd7

In Southeast Asia alone, the climate financing gap stands at approximately US$1.5 trillion by 2030. However, many capital contributors remain hesitant to commit first loss capital to blended finance initiatives due to concerns about subsidy aversion and misalignment of objectives. What can be done to catalyse the capital needed?    Hear from Connie Chan, Head, Financial Services, Temasek, Mason W., Managing Director & CEO, Clime Capital, Winfried Wicklein, Director General, Southeast Asia Department, Asian Development Bank (ADB), Elizabeth Yee, Executive Vice President, Program Strategy, The Rockefeller Foundation, and moderated by Cindy Levy, Senior Partner, London, McKinsey & Company at our #Ecosperity Conversations session at #COP29, on how capital providers are reimagining and redesigning finance mechanisms to tackle bankability challenges and drive green infrastructure forward.    Find out more about Ecosperity Conversation sessions held at COP SG Pavilion: https://lnkd.in/guxcq2EZ  

Green solutions across a variety of sectors are getting cheaper than fossil fuels as they scale up and costs come down. However, as policy levers are still being refined and renewable energy infrastructure growth is in its early days, how can the private sector overcome the challenges to spur a green leap for emerging consumers in the region, and promote sustainable development by 2030?    Join our #Ecosperity Conversations session at #COP29 with Souleymane Ba, Partner & Co-Head of Climate Strategy, LeapFrog Investments, Vijay Chandrasekhar, Co-Founder & CEO, Cosmos Innovation, Kelvin Tan, Managing Director, Head of Sustainability and Government Affairs, ASEAN, HSBC and Board Member, Pentagreen Capital, and Dr Bertrand Piccard, Founder & Chairman, Solar Impulse Foundation, moderated by Franziska Zimmermann, Director, Sustainability & Climate Change Strategy, Temasek, to explore how businesses can leverage opportunities to accelerate the region’s green transition.    Find out more about Ecosperity Conversations sessions held at COP SG Pavilion: https://lnkd.in/g8j2GaMZ

To keep the #netzero agenda on track, more ambitious and progressive policies need to be in place, especially in Asia, where there is a reliance on coal to power fast-growing economies.    This was emphasised by principals from both the public and private sectors at #Ecosperity Week 2024 as they discussed the use of renewables and the opportunities that can be unlocked.    While momentum to adopt clean energy solutions is picking up pace, a just transition is also crucial to ensure that local communities and the environment are not harmed in the haste to net zero.  Read more about what industry leaders think is required to power Asia’s green energy progress: https://lnkd.in/g3sJM5xg

Save the date! Temasek’s annual flagship sustainability event, #Ecosperity Week will be held from 5 - 8 May 2025. Themed “Asia’s Race Towards 2030: All Systems Go”, join us as we take stock of Asia’s progress in its #decarbonisation journey, identify strategic areas for systems-level change, and explore viable pathways to 2030. Read about highlights from last year’s edition and watch this space for more information: https://lnkd.in/g-stw4qd

As part of Climate Week NYC 2024, industry experts and leaders gathered at the Climate Leaders' Assembly to discuss how climate action can be accelerated with long-lasting #decarbonisation impact throughout global value chains. Across two “Catalytic Breakout” sessions curated by Temasek, Kyung-Ah Park, Head, ESG Investment Management & Managing Director, Sustainability, Temasek, led discussions about the key unlocks in transition finance to advance decarbonisation in Asia, while Steve Howard, Vice Chairman, Sustainability, Temasek facilitated a dialogue on scaling green technologies in emerging markets. For example, there is a US$1.3 trillion investible opportunity for electric mobility in emerging Asia as highlighted in the latest report launched by LeapFrog Investments, Temasek, Mahindra Last Mile Mobility and Battery Smart.    Conversations on the opportunities and challenges around crowding in capital for climate solutions also continued at another panel discussion titled “Action Speaks: How We Finance Climate Solutions at Scale”. As Steve shared: “We get the future we want with a combination of good government policies, and business innovation and investment.”    With more insightful discussions like these, we can arrive at actionable solutions and collectively make tangible progress towards a sustainable future.    Explore more insights and conversations here: https://lnkd.in/g-58ji7T   #ClimateAction #Community #ClimateWeekNYC #ClimateActionSpeaks #ActionSpeaks #CommitToClimate #Ecosperity

The adoption of #EV stands at a critical inflection point in Asia, offering a US $1.3 trillion investment opportunity for private investors to scale and advance the momentum towards decarbonising mobility.    Glean insights from the “Powering an Affordable EV revolution in emerging Asia” joint report by LeapFrog Investments, Temasek, Mahindra Last Mile Mobility and Battery Smart here: https://lnkd.in/gABAjsPR 

Mobility currently accounts for just 10% of Asia's overall emissions, but the region's rapid growth has the potential to significantly increase emissions from this sector.     #EVs therefore play a critical role in Asia’s decarbonisation agenda. How can investors play a role to accelerate change?      Read more about the #decarbonisation potential and US$1.3 trillion investment opportunity for private capital in reshaping the future of global transport in a new report developed by LeapFrog Investments, Temasek, Mahindra Last Mile Mobility and Battery Smart: https://lnkd.in/gK6vdwgM