Unlocking Opportunities in Sustainability: UK Companies in Japan, South Korea, and Taiwan
Key Ideas
- Japan aims for carbon neutrality by 2050, offering a £12.7 billion sustainability market for UK tech firms in green hydrogen, renewable energy, and smart grid technologies.
- South Korea's £55.5 billion decarbonisation investment by 2025 creates opportunities in renewable energy, carbon capture, and next-gen batteries for UK companies.
- Taiwan's growing sustainable technology sector presents prospects in renewable energy, smart building tech, and circular economy innovations for UK firms.
- Intralink's report under the UK-APAC Tech Growth Programme assists UK businesses in navigating cultural norms and regulations to enter Asian sustainability markets successfully.
The report by Intralink under the UK-APAC Tech Growth Programme sheds light on the burgeoning opportunities for UK companies in sustainability technology across Japan, South Korea, and Taiwan. Japan's commitment to carbon neutrality by 2050 opens doors for UK tech firms in green hydrogen, renewable energy like offshore wind and solar power, and smart grid technologies. Similarly, South Korea's substantial investment in decarbonisation presents avenues for UK companies in renewable energy, carbon capture solutions, and advanced batteries. Taiwan's sustainable technology sector, fueled by government incentives and technological prowess, offers scope for UK businesses in renewable energy expansion, smart building technologies, and circular economy innovations. The report also emphasizes the challenges UK firms may face due to cultural differences, regulations, and business practices in these markets. Through the UK-APAC Tech Growth Programme, Intralink aims to equip UK businesses with the insights and support needed to overcome these challenges and formulate successful market entry strategies, facilitating their expansion in Asia Pacific markets.
Topics
Asia
Renewable Energy
Carbon Neutrality
Net Zero Targets
International Business
Market Opportunities
Sustainability Technology
UK-APAC Tech Growth Programme
Market Entry Strategies
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