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Southeast Asia’s Green Shift Could Yield $12.5 Trillion in Gains

A solar plant in Takhli district, Nakhon Sawan province, Thailand. 

A solar plant in Takhli district, Nakhon Sawan province, Thailand. 

Photographer: Dario Pignatelli/Bloomberg

Southeast Asia stands to reap $12.5 trillion in economic gains by 2070 if it takes urgent moves to slow climate change, while inaction could yield losses more than double that size, according to the Deloitte Economics Institute.

The region’s gross domestic product could grow by an average of 3.5% per year over the next five decades if it nurtures industries and technologies to keep global average warming to around 1.5 degrees Celsius, compared to a baseline scenario of climate inaction, Deloitte said in a report Monday.