“We expect energy transition pathways to be asynchronous, depending on political will, availability of public and private funding [and] global policy alignment,” reads BOS’s 2024 Supertrends: World In Transition report, released at the private bank’s inaugural CIO Summit on July 17.
Bank of Singapore (BOS) foresees the rise of “climate pragmatism” in the next five years — a “get-real phase” where the climate agenda comes to the fore for the world’s governments.
The disparity between countries’ climate plans will become more pronounced, according to BOS, owing to the uneven nature of transition pathways, government finances and geopolitical friction.
