In a presentation during the Asian Development Bank's (ADB) fourth Southeast Asia Development Symposium (SEADS), McKinsey & Co. Asia Sustainability Practice Partner and Leader Vaibhav Dua said the region is looking at a $200-billion opportunity in the manufacture of #solar #photovoltaic #panels, electric motorcycles, and batteries, as there is room to grow in both production capacity and demand not just in the region but the world given the push for all countries to #decarbonize.

He cautioned, however, unlocking the region’s potential for these three opportunities would depend on whether the right enablers are in place, including regulatory #policies, business #ecosystems, #technologies, and #funding.

ADB Southeast Asia Director General Ramesh Subramaniam also presented during the session as ADB also provided inputs and analysis to the report. There are also commentaries from Sustainable Energy for All CEO and UN-Energy Co-Chair Damilola Ogunbiyi and ClimateWorks Foundation Global Energy Transition Initiative Director Rui Luo, who also represented Bloomberg Philanthropies.

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With the theme, "Imagining a Net-Zero ASEAN," SEADS 2023 explored measures governments, communities, and the private sector could take to progress toward carbon neutrality.

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