Challenges include insufficient knowledge on how to decarbonise (53%), difficulty in attaining budget approvals for decarbonisation initiatives (42%), inadequate clear measurement and reporting frameworks of carbon emissions (36%) and limited affordable renewable energy options to offset carbon emissions (23%).
Businesses intend to decarbonise but face challenges in bringing their net-zero aspirations into action. This is according to a survey of 45 members from the American and European Chambers of Commerce in Singapore, conducted by GoNetZero, the carbon management business of Sembcorp Industries (SGX:U96
) .
The majority (67%) of the respondents, which include multinational companies with Asia operations, say they have set net-zero targets, while the others are still working on their strategies with no concrete actions in the next 12 to 18 months.
