The Asia Investor Group on Climate Change (AIGCC) will launch two new working groups to meet growing investor interest in deforestation and energy transition. The new Forest & Land Use and Energy Transition groups bring AIGCC’s total number of working groups to six. Rebecca Mikula-Wright, CEO, AIGCC, said: “Asia is home to some of the largest emerging markets globally. Countries in this region are required to balance development goals, climate transition plans, while also bearing the brunt of the physical impacts of climate change. Asian perspectives should continue to form one of the foundations in global climate action.” The AIGCC’s Forest & Land Use working group aims to enhance investors’ understanding and management of carbon emissions and biodiversity loss driven by soft commodity-driven deforestation. Following COP27, several emerging markets in Asia announced just energy transition plans with the support of G20 economies. The AIGCC Energy Transition working group will examine the role of emerging markets in the energy transition movement and support investors’ internal policy development.
