Decarbonisation in the Asia Pacific region was 0.9% in 2020. Achieving the Paris Agreement goal of limiting warming to 1.5°C and delivering net zero requires action that must start now.
Currently the world is far below the required 12.9% per year decarbonisation rate to reach the 1.5 °C Paris Agreement goal. Global decarbonisation must accelerate to five times its current rate of just 2.5% in 2020. This requires a net zero transformation.Download the report
Asia Pacific‘s vast population, economies and communities are extremely vulnerable to climate change. In 2020 decarbonisation in the Asia Pacific region was 0.9%. To achieve the 1.5°C target and reach net zero, Asia Pacific needs to urgently accelerate its decarbonisation. The challenge is to shift away from fossil fuel derived energy towards low carbon and renewable energy sources while equitably enabling regional economic growth.Download the report
Fewer than 25% of Asia Pacific governments have a firm net zero commitment. Targets, policy and regulation are crucial levers to make progress on climate change at the pace and scale needed to meet the Paris Agreement goal. Business must partner with Government to drive fundamental change - COP26 has highlighted this.Download the report
Organisations are rising to the challenge. Our case studies highlight examples of businesses setting the tone from the top and delivering transformative change as they transition to net zero.
The time is now. Businesses have a responsibility to accelerate transformation to net zero.
Every business and every market is different. There is no one-size-fits-all solution. Businesses must reassess their strategy. A journey to net zero should begin with a fresh look at purpose, performance and people.
bp, World Bank, OECD, UNFCCC, PwC data and analytics
GDP is measured on a purchasing power parity (PPP) basis.