Climate change could bring harsh winds and possible windfalls. Taking the lead on climate action presents a US$12.5 trillion ($16.95 trillion) opportunity for Southeast Asia, says Deloitte Economics Institute.  

“Southeast Asia must act now to prevent the region losing US$28 trillion in economic potential over the next 50 years due to unmitigated climate change,” warns the report, released on Aug 23. 

Titled Southeast Asia’s turning point: How climate action can drive our economic future, the report describes US$12.5 trillion in potential value over the same period if the region works towards limiting rising global temperatures and realising its potential to “export decarbonisation” to the world. 

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