Tengku Muhammad Taufik CEO of Petronas, the Malaysian energy company, emphasized the urgent need for climate action in Asia, saying the region must achieve carbon neutrality before the world can follow suit. This statement was made during an exclusive interview with CNBC, in which the CEO shared insights on the importance of Asian leadership in the fight against climate change and the transition to a low-carbon economy.
Growing demand for energy in Asia, driven by rapid economic growth and expanding populations, makes the region a focal point for global climate action. The CEO of petronas stressed that for the world to achieve carbon neutrality, it is essential for Asia to play a leading role, given its significant contribution to global greenhouse gas emissions.
During the interview, the CEO highlighted ongoing efforts in Malaysia and other Asian countries to address the challenges of climate change. He mentioned that Petronas, as one of the leading energy companies in the region, is committed to diversifying its energy portfolio and expanding investments in renewable energies. In addition, he emphasized the importance of collaboration between governments, the private sector and civil society to drive the transition to a low-carbon economy.
China, as one of the world's biggest carbon emitters, has announced a goal of achieving carbon neutrality by 2060. The country is implementing policies and investments in renewable energy, energy efficiency and other measures to significantly reduce its emissions. India has set a target of achieving carbon neutrality by 2070. The country is rapidly expanding its renewable energy capacity, with a focus on solar and wind, and is taking steps to improve energy efficiency.
Japan has announced its intention to achieve zero net carbon emissions by 2050. The country is increasing the use of renewable energy, promoting electrification and encouraging energy efficiency in several sectors. South Korea has also set a goal of achieving carbon neutrality by 2050. The country is investing in clean technologies such as renewable energy, electric mobility and energy efficiency.
Singapore is working to reduce its carbon footprint and become a hub for cleantech. The country has encouraged the adoption of electric vehicles, invested in solar energy and is implementing energy efficiency initiatives. Thailand has launched a Sustainable Energy Plan and is investing in renewable energy, including solar and wind. The country is also promoting the use of electric vehicles and developing policies to increase energy efficiency.
The Petronas CEO's statement comes at a crucial time as global leaders prepare for the upcoming United Nations Climate Change Conference (COP), where strategies to accelerate climate action at the global level will be discussed. The voice of business leaders, such as the CEO of Petronas, plays a key role in promoting partnerships and mobilizing resources to address climate challenges.
As pressure mounts for Asia to take more ambitious steps to reduce its carbon emissions, it is crucial that governments, businesses and citizens work together to drive the transition to a sustainable economy. Only then can the region and the world move towards carbon neutrality and achieve a more resilient and sustainable future for all.
