Asia Pacific’s turning point has been saved
Asia Pacific’s turning point
How climate action can drive our economic future
Decisions need to be made in the next decade to combat the worst impacts of climate change and accelerate economic growth.
Time is running out to act on climate change. But rather than climate action being a drain on our economy, our report shows it will significantly boost GDP and accelerate phenomenal growth in both Australia and Asia Pacific as a whole.
Australia stands to benefit from a US$47 trillion prize in Asia Pacific, our economic modelling reveals. But it’s only if the region decarbonises at pace and scale to prevent a US$96 trillion loss in the next 50 years.
With decarbonisation acting as a new economic engine, Asia Pacific and Australia play a key role in providing the skills, technology, innovation, and finance for this global transformation. There is a window of opportunity to lead the way by seeing climate action not as a cost, but an extraordinary possibility for growth in Australia and the region.
But we can only achieve this if we work together and act now - we are at a turning point.
Economic imperative — our turning point
Acting on climate change is the new economic engine
Asia Pacific has the most to gain from action
Time to act – accelerating to zero
Published: August 2021