2021 has thrust climate change and the need for sustainable solutions to the forefront of global conversations.
Transition to a low-carbon resilient future was the key agenda at many global events and conferences, such as COP-26, that called for landmark commitments from participating nations. Asian countries, including Singapore and India, translated their net-zero commitments to actions in their recently announced annual budgets.
Singapore announced progressive increases in carbon tax rates by 2030 to push businesses and individuals to internalise the costs of carbon and take action to moderate their emissions. India made budget allocations to reduce its carbon intensity and increase reliance on renewable energy and energy storage technologies. This underscores the important role of businesses in fulfilling national net-zero agendas.