SUSTAINABLE FINANCE
Carbon capture and storage( CCS) technologies play a significant role in many net zero plans, including that of the IEA. However, these technologies are still new and need financing to develop to the scale required for global net zero. Wood Mackenzie estimates that CCS could account for a third of the emissions reduction required to meet net zero globally by 2050.
Standard Chartered has developed a Transition Finance Insight looking at the opportunities for CCS in Asia.“ In markets like Singapore, for example, CCS technologies are being considered as part of comprehensive strategies to support decarbonisation where economies and supply chains are still intertwined with carbon intensive industries,” says Ben Daly, Managing Director and Global Head of Transition Finance at Standard Chartered.“ Across our global network, we have deep local expertise in our home markets in Asia. Given this, combined with our CCS expertise, our first Transition Finance Insight focuses on the factors at play around CCS in Asia- and specifically across ASEAN.”
The opportunity for CCS in Asia Standard Chartered’ s report says that markets across Asia, including India, China and Indonesia, have some of the highest carbon emissions globally. Much of the emissions in these markets come from power generation alongside industries like petrochemicals, steel and cement. For some of these industries,
82 March 2026