The Turning Point on Climate Change

The global climate crisis is in full swing, but it is not too late to take action. The time for bold action on climate change is now. Now is the time to use the biggest levers, fastest actions, and wealthiest economies. As the Paris Climate Accord draws near, we must prepare ourselves to take action to avoid catastrophe. Here are five ways we can help our world turn around from catastrophe. Let’s look at each one in turn.

First, Asian countries, particularly India and China, have large populations and are highly vulnerable to climate change. They also possess strong technical and financial capabilities that will help them decarbonize their economies and industrial landscape. This is crucial, as abandoning the climate targets would lead to catastrophic consequences for developing countries. In the Asian region, the need for action is greatest, whereas the region has less than a decade to make the transition.

Second, Asian countries need to make a rapid transition to low-emission energy. While it is costly now, the future cost of inaction on climate change is even greater than the costs today. Asia-Pacific countries should undergo fundamental business model transformations and rapidly decarbonise their economies. Most economies in the region are still investing heavily in the maintenance of existing assets instead of investing in new capital better suited to cope with climate change.

Third, Asian governments need help delivering development and transforming their industrial landscapes to meet climate goals. They do not want to sacrifice growth in exchange for the low-carbon path. This would be a mistake, especially in poorer nations. It would not be worth it. The Turning Point on Climate Change is the time to take action. So, let us get started! There is still time! There are a lot of ways to do this.

The most obvious way is to make the transition to low-emission energy. Many Asian governments are already doing so. Their leaders are insisting that they be part of this transformation. This is a great start! In addition, the report has highlighted the importance of the Asian Pacific region in the global context. Despite their differences in size, many countries are working together to implement new energy policies. The world needs to make a turn, and fast.

By 2020, Asian governments should be able to decarbonize their energy sector, which would significantly reduce global emissions. By 2030, China will introduce the world’s second largest solar farm with a capacity of 2.2 gigawatts, and India will build a 100-megawatt floating solar power plant. By 2030, decarbonization will make Asia Pacific an example for the rest of the world. If the entire region follows this path, it will be a success story for the world.

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