ESG Video: Energy transition in Developing Asia

Derek Ip

Senior Associate, Analyst Responsible Investment team

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Asia is the highest greenhouse gas emitter and has traditionally relied on fossil fuels to power its economic and population growth. In recent years, there has been a significant rise in renewable energy in the region, but we haven’t seen a clear trend that this is replacing fossil fuels.

  • We travelled to Thailand, Hong Kong and China to engage with energy companies to understand how they view their role in the low-carbon energy future.
  • We believe the private and public sectors must come together to set a more ambitious goal for the low-carbon energy transition.
  • Specifically, we recommend that companies should align their business strategies and emission profiles to the Paris Agreement goal.
  • Some companies are ambitious towards the energy transition, seeing it as an opportunity rather than a threat to their business model.
  • However, some companies are only at the beginning of this journey – we’ll continue to engage with them.

Risk Disclaimer 

The value of investments and any income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested.

Investing in emerging markets is generally considered to involve more risk than developed markets.

Views and opinions have been arrived at by BMO Global Asset Management and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

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