The region accounts for nearly half of global GDP represented by economies adopting ISSB standards, but ACCA warns that businesses must move beyond compliance to address climate risks, resource pressures and emerging challenges.
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Experts say the region's next challenge is turning climate commitments into enforceable coal retirement plans that protect people, local communities, and energy security.
Asean’s official energy outlook, endorsed by its energy ministers on 8 October, reveals a gap between the region’s energy plans and its members’ net-zero pledges, and allows new coal plants to be built even in its lowest-emissions scenario.