解锁增长与影响的系统：东南亚绿色经济

Unlocking Systems for Growth and Impact Disclaimer and reference The information in this report is provided on an “as-is” basis. This document was produced byBain & Company,GenZero, Google, Standard Chartered, and Temasek (“the authors”) as of thedate of writing and is subject to change. This document has been prepared solely forinformational purposes over a limited time period and for providing a perspective on the market.Projected market and financial information, analyses, and conclusions contained herein shouldnot be construed as definitive forecasts or guarantees of future performance or results. Theauthors or any of their affiliates and any third party involved make no representation or warranty,either expressed or implied, as to the accuracy or completeness of the information in this reportand shall not be liable for any loss arising from the use hereof. Inclusion of companies featuredin this report does not indicate endorsement in any shape or form from the authors of this report.Copyright in the materials, text, articles, and information created by third parties and the rightsunder copyright of such parties referenced in this report are hereby acknowledged. Copyright inall other materials not belonging to third parties and in these materials as a compilation vestsand shall remain, at all times, as the copyright of the authors of this report, and should not bereproduced or used except for business purposes on behalf of the authors or with the expressprior written consent of an authorized signatory of the authors. Reference: The information included in this report should be sourced as “Bain & Company,GenZero, Google, Standard Chartered, and Temasek SoutheastAsia’s Green Economy 2025 Report: Unlocking Systems for Growth and Impact” Forward-looking statements The information included in this document may contain “forward-lookingstatements” based upon current expectations or beliefs as well as statementsformulated with assumptions about future events. Forward-looking statements include, without limitation, projections, estimates,commitments, plans, approaches, ambitions, and targets (including, withoutlimitation, ESG commitments, ambitions, and targets). Forward-looking statements often use words such as “may,” “could,” “will,”“expect,” “intend,” “estimate,” “anticipate,” “believe,” “plan,” “seek,” “aim,”“continue,” or other words of similar meaning to any of the foregoing. Forward-looking statements may also (or additionally) be identified by the factthat they do not relate only to historical or current facts. By their very nature, forward-looking statements are subject to known andunknown risks and uncertainties and other factors that could cause actualresults, as well as the authors’ plans and objectives, to differ materially fromthose expressed or implied in the forward-looking statements. Readers should not place reliance on, and are cautioned about relying on, anyforward-looking statements. Authors and acknowledgments Acknowledgments Authors We would also like to thank the team that has worked tirelessly on this report: “Southeast Asia’s Green Economy 2025 Report: Unlocking Systems forGrowth and Impact” is jointly produced by Bain & Company,GenZero, Google,Standard Chartered, and Temasek.Contributing authors are as follows: Standard Chartered Bain & Company •Devyani Madan(Consultant)•Matthew Sung(Senior Associate Consultant)•Mico Go(Associate Consultant)•Ashish Malhotra(Associate Consultant)•Jessy Chua(Director, SEA Market Reputation)•Michele Koe(Manager, SEA Market Reputation) •Martin Yip(Director, SustainableFinance, ASEAN)•Mona Tan(Director, SustainableFinance, ASEAN)•Evonne Lee(Head of Global CIB Events & CIBMarketing, ASEAN & South Asia)•Gladys Goh(Associate Director,Brand & Marketing) •Dale Hardcastle(Partnerand Co-director of Global Sustainability Innovation Center,Bain & Company)•Yukiko Tsukamoto(Partner, Bain & Company)•Gwyneth Fries(Associate Partner, Bain & Company)•Sanchita Shandilya(Senior Manager, Bain & Company)•AnshariRahman(Director of Policy & Analytics,GenZero)•Spencer Low(Head of Regional Sustainability, APAC, Google)•WanThonhChow(Head of Coverage,Singapore & ASEAN, Standard Chartered)•Justin Ma(Executive Director, Sustainable Finance ASEAN, Standard Chartered)•Franziska Zimmermann(Managing Director, Sustainability, Temasek) Temasek GenZero •Alvin Low(Director)•Harry Kim(Director)•Ankur Vohra(Vice President)•Kelly Chen(Assistant Vice President)•Gladys Tan(Assistant Vice President)•Li Jing(Assistant Vice President)•Ryan Koh(Assistant Vice President) •Michelle Tan(Director)•Phoebe Zhou(Associate) Google •Giorgio Fortunato(Head of CleanEnergy & Power, APAC)•Clem Arlidge(Sustainability& Energy Policy Manager) Terms and acronyms Acronyms Table of contents Introduction Foreword by Bain & Company History moves in waves, each marked by shifting priorities, new challenges, and evolving aspirations. For generations, nations have grappledwith the intricate