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This report aims to connect decarbonization solutions with necessary finance required to accelerate the net-zero transition in the GBA. It firstly applied a top-down approach to predict macro pathways for the whole GBA, then applied bottom-up approach to analyse specific decarbonization pathways and solutions for key energy consuming sectors--manufacturing industries, road transport, and buildings, to highlight actions most needed to achieve the 30-60 goal, and more ambitious goals to peak emissions and achieve carbon neutrality earlier. Based on the above decarbonization pathways, this report estimated how much investment will be needed and how to solve the challenges faced to ensure finance to help accelerate businesses to transition. Our analysis shows that ambitious actions are needed for GBA’s earlier carbon emission peaking and carbon neutrality.

A moral crisis poses significant challenges to the success and sustainable development of a corporation. In this context, managers’ moral decision-making becomes paramount. Managers’ moral choices and actions directly impact the corporation‘s ability to effectively address these crises, ultimately shaping its outcomes and prospects. This study employs the extended theory of planned behavior (TPB) as a theoretical framework to explore the determinants that influence the moral decision-making process of managers. Specifically, the study introduces two new variables, namely, moral climate and moral self-efficacy, to enrich the existing theory. By employing structural equation modeling (SEM), the study examines the interrelationships among moral attitudes, subjective norms, perceived behavioral control, moral intentions, moral decision-making, and the two new variables. The research findings provide compelling evidence that both moral climate and moral self-efficacy have a substantial impact on the moral decision-making process of managers. Notably, moral self-efficacy emerges as a mediating variable in the relationship between moral climate and moral intention. The findings of this study hold significant value for the development of moral decision-making models and the theory of planned behavior, with practical implications that can assist organizations in achieving sustainable growth and success.

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