A presentation by ADB and McKinsey. Commentary by Bloomberg Philanthropies and Sustainable Energy for All. McKinsey & Co. Asia Sustainability Practice Partner and Leader Vaibhav Dua said the region is looking at a $200-billion opportunity in the manufacture of solar photovoltaic panels, electric motorcycles, and batteries, as there is room to grow in both production capacity and demand not just in the region but the world was given the push for all countries to decarbonize.

Southeast Asia needs to strengthen its position in global value chain to bolster resilience against new challenges including future pandemics, geopolitical instability, and climate change, according to a new report, ASEAN and Global Value Chains: Locking in Resilience and Sustainability, which was launched during the Asian Development Bank's (ADB) fourth Southeast Asia Development Symposium (SEADS).

With $210 billion per year needed for climate adaptation and mitigation investments in Southeast Asia, the region needs innovative schemes to finance net zero initiatives. This plenary panel will examine the challenges the region is facing to finance its net zero goals and propose ways to bridge the gap.

"Don't walk, but run," Climate Bonds Initiative Chief Executive Officer Sean Kidney urged participants at the Asia Development Bank's (ADB) recently concluded Southeast Asia Development Symposium (SEADS) 2023 as he spoke about mobilizing private capital to finance the region's transition to net-zero. There is an appetite for green investments, he said, noting the green bond market has grown from $2 billion to $2.5 trillion over the years.

In his keynote at the Asian Development Bank's (ADB) fourth Southeast Asia Development Symposium (SEADS), US Department of Energy Deputy Secretary David Turk discussed the need to deploy innovative clean solutions to bolster the fight against climate change.

In his keynote address at the Asian Development Bank's (ADB) fourth Southeast Asia Development Symposium (SEADS), India G20 Sherpa Amitabh Kant said his country’s G20 presidency would build on some of the successes of Indonesia, its predecessor, which had placed transition toward a low-carbon economy on top of the G20 agenda. Kant said India will push for innovative financing schemes as the transition is hinged on the availability and alignment of low-cost international finance to advance critical new technologies.