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Green startups in Southeast Asia are facing funding slowdowns as global investor interest in climate tech declines. Despite challenges like cash flow issues and delayed scaling, many continue to prioritize their climate goals by streamlining operations, building local partnerships, and focusing on long-term impact over rapid growth.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
The commitment of major US financial institutions to net-zero goals is facing increasing challenges. Following Goldman Sachs and Wells Fargo, Morgan Stanley, Citigroup and Bank of America also announced by the end of 2024 their decision to exit the United Nations' Net-Zero Banking Alliance (NZBA).
Morgan Stanley, Citigroup and Bank of America issued separate statements announcing their withdrawal but emphasized their continued dedication to achieving net-zero targets.
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