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APAC region will need to address funding gap for renewable energy projects to transition to net-zero future: SMBC survey

Felicia Tan
Felicia Tan • 4 min read
APAC region will need to address funding gap for renewable energy projects to transition to net-zero future: SMBC survey
SMBC's survey shows that sustainability efforts have been dampened by the lack of funding. Photo: Unsplash
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Higher cost of renewable energy, lack of funding and lack of clarity on long-term profitability are ‘bottlenecks’ to clean energy transition in APAC.

Countries in the Asia-Pacific (APAC) region will need to address the funding gap for renewable energy projects in order to boost their transition to a net-zero future, according to a study by Sumitomo Mitsui Banking Corporation (SMBC) and Economist Impact.

The survey surveyed 450 executives across nine countries within the region to see how the public and private sectors are driving the transition to a net-zero future.

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