Prime Infra’s CEO says the Paris 1.5-degree goal is ‘feasible’ for Southeast Asia—if governments are willing to pay for it
Source: Fortune ·
Under the Paris Agreement, countries committed to holding the rise in global average temperature to well below 2°C above preindustrial levels.
From the source
Southeast Asia can still meet the Paris Agreement’s most ambitious climate goal—but only if governments accept higher energy costs, the CEO of one of the Philippines’ biggest infrastructure developers said on Tuesday. “I do think it’s feasible, but I think it will require sacrificing cost to achieve the objective,” said Guillaume Lucci, president and CEO of Prime Infrastructure Capital, onstage at Fortune’s Southeast Asia 500 Summit in Ho Chi Minh City, Vietnam. “That will be a very difficult decision for a lot of the governments in our region to decide if we drive cost up and decarbonize, or maybe not so, and rethink some of these targets,” Lucci added, calling himself “a bit of a pessimist” on the question of whether the region can power an AI-era growth spurt without breaking its decarbonization targets. Under the Paris Agreement, countries committed to holding the rise in global average temperature to well below 2°C above preindustrial levels and pursuing efforts to limit it to…
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