Southeast Asia 'woefully off track' on green investment, Bain says

Solar panels are seen at a solar power facility as snow covered Mount Fuji is background in Nakai town, Kanagawa prefecture, Japan, March 1, 2016. REUTERS/Issei Kato/File PhotoSINGAPORE : South East Asia is"woefully off track" on green investments to reduce emissions and needs new policies and financial mechanisms to help bridge the gap, the global consultancy Bain & Company said on Monday.

"We believe that an acceleration of effort by countries, corporates and investors is imperative as Southeast Asia remains woefully off-track," said Kimberly Tan, GenZero's managing director. The report called for more policies and incentives, greater regional cooperation and a sustained focus on technologies that are already deployable.

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Singapore Remains Top Start-up Investment Destination in Southeast AsiaDespite a downturn in funding, Singapore accounted for 63.7% of all equity deals in Southeast Asia in 2023, making it the top start-up investment destination in the region. The report also highlighted the growth of Singapore's deep-tech start-up ecosystem, with a 31.4% increase in deals compared to the previous year.
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