Decarbonisation Pathways and How Finance can Accelerate the Business Transition to a Low-Carbon Economy in the Guangdong–Hong Kong–Macao Greater Bay Area

Abstract

This report aims to connect decarbonization solutions with necessary finance required to accelerate the net-zero transition in the GBA. It firstly applied a top-down approach to predict macro pathways for the whole GBA, then applied bottom-up approach to analyse specific decarbonization pathways and solutions for key energy consuming sectors--manufacturing industries, road transport, and buildings, to highlight actions most needed to achieve the 30-60 goal, and more ambitious goals to peak emissions and achieve carbon neutrality earlier. Based on the above decarbonization pathways, this report estimated how much investment will be needed and how to solve the challenges faced to ensure finance to help accelerate businesses to transition. Our analysis shows that ambitious actions are needed for GBA’s earlier carbon emission peaking and carbon neutrality.