ThePeople-CentricEnergyTransitioninAsiaPacific:TheNow,TheHow,andTheFutureSEPTEMBER20241●ThispublicationisacollaborativeeffortbetweenBostonConsultingGroup(BCG)andAVPNLimited,addressingkeyissuesrelatedtoPeopleintheEnergyTransitionacrossAsiaPacific.●ItexaminesthecurrentstrategiesforaJustEnergyTransitionintheregiontounderstandthechallengesinadvancingthePeople-Centricagenda.Thispublicationservesasafoundationalframeworkratherthananexhaustiveanalysis,settingthestageformorediscourseandactiononthisagenda.●Drawingfromengagementswith30+stakeholdersincludingindustryexperts,governmentofficials,businessleaders,financialinstitutions,thinktanks,foundations,andNGOs,thispublicationoutlinesrecommendationsonthewayforwardandintroducesASCENT,aplatformdedicatedtoPeople-Centricsolutions,withCathayFinancialHoldingsasaninauguralsponsoroffutureinitiativesemergingfromASCENT.AboutthisPublicationAcknowledgements●TheBostonConsultingGroup(BCG)andAVPNwouldliketothankthecontributingauthorsofthispublication:○MarcSchmidt,ManagingDirector&Partner,BCG○VaradPande,Partner&Director,BCG○AnisMohdNor,Principal,BCG○OmarAkbarKhan,Consultant,BCG○WoonLiQi,Associate,BCG○AravindanSrinivasan,ExecutiveDirectorofClimateActionPlatform,AVPN○PatrickYeung,AssistantDirectorofClimateAction,AVPN○SaranshMaheshwari,SeniorAssociate,AVPN●Wearegratefultotheextendedteamthathavecontributedtothispublication,includingbutnotlimitedto:TheextendedBCGteam:DouglasBeal,NadiaShamsad,RachanaKanakagiri,SieunLee,AliaKaz,LaiKeeVern,IanTan,AudreyGan,EugeniaSiahTheextendedAVPNteam:NainaSubberwalBatra,KomalSahu●WewouldalsoliketoextendourdeepestgratitudetotheglobalexpertsandleadershipteamatBCGandAVPNthathavecontributedtothedevelopmentofthispublication,aswellasover30expertsandorganisationsconsultedacrossAsiaPacificandbeyond,foryourcontributionstotheinsightsinthispublication–thispublicationwouldnothavebeenpossiblewithoutyou.3Climatechangeisthedefiningchallengeofourtime,andgovernments,companies,investorsandphilanthropiesworldwidearerisingtotheoccasionwithambitiousactions.BCGisattheforefrontoftheglobalclimatechangeandsustainabilityagenda,shapingthedialogueandworkinghandinhandwithorganisationsandgovernmentstoeffectchange.Wepartnerwithourclientstoacceleratetheirclimateandsustainabilityefforts,fromclimatemitigationtoadaptationandresilience.Inallthatwedo,wetakeanecosystemapproachincludinglookingatthepeopleaffected,inparticularthosemostvulnerableintheworld.DespitegrowinginterestsandinvestmentinEnergyTransition,"People",especiallymarginalisedgroups,workersinsunsetfossilfuelorrelatedindustriesandtheircommunities,andvulnerableconsumers,areoftenoverlooked.ThismustchangeandthePeoplemustbefrontandcentreofthetransitionprocess.WehavepartneredwithAVPNtoexplorethecurrentstateoftheJustEnergyTransitionandidentifythenecessarysolutionstoensureatrulyPeople-CentricEnergyTransition,intheshortandmedium-term.Thispublicationisafirststep.WehopethispublicationwillbeaspringboardforcollectiveactiononPeople-CentricEnergyTransitioninAsiaPacific.InpartnershipwithAVPN,wewillseektomakesuchacollectiveactionagendaandplatformareality.ForewordbyBCGMarcSchmidtManagingDirector&Partner,SocialImpactLeadforSEA,BCGVaradPandePartner&Director,SustainableFinance&Investment,BCGAnisMohdNorPrincipal,Climate&Sustainability,BCG4ForewordbyAVPNNainaSubberwalBatraChiefExecutiveOfficer,AVPNAravin...
