Implementing a Green Recovery in Southeast Asia

Implementing a Green Recovery in Southeast Asia

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2022-05-01

Total Pages: 81

ISBN-13: 9292695096

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This report explains why Southeast Asian countries need to design pandemic recovery policies that hit both ambitious socioeconomic and environmental goals. The third in a four-part series, the report considers the impact of COVID-19 on Cambodia, Indonesia, Myanmar, the Philippines, and Thailand to show how a green recovery can help safeguard against future health crises. Analyzing areas including agriculture, cities, and oceans, the report lays out policy measures designed to identify, create, and finance green growth opportunities. It shows how COVID-19 has presented countries with a chance to hit the reset button and build a socially, economically, and environmentally resilient future.


Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia

Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2020-10-01

Total Pages: 147

ISBN-13: 9292623818

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The coronavirus disease (COVID-19) pandemic has seen governments across developing Asia move significant amounts of capital into relief efforts that have saved countless lives and livelihoods. But emerging economic recovery packages must not upset the sensitive balance between economic growth and the region’s natural capital. Many global thinkers are advocating the critical role of green infrastructure in supporting economic growth and livelihoods, while safeguarding the Paris Agreement targets. This publication examines green and innovative finance mechanisms that can be incorporated into government recovery strategies to incentivize green infrastructure investment. These mechanisms can play a key role in catalyzing much-needed funds from private capital for a green and sustainable regional recovery.


Post-Pandemic Green Recovery in ASEAN

Post-Pandemic Green Recovery in ASEAN

Author: Farhad Taghizadeh-Hesary

Publisher: Taylor & Francis

Published: 2023-04-21

Total Pages: 287

ISBN-13: 1000873951

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ASEAN’s real gross domestic product (GDP) had declined sharply due to the COVID-19 pandemic. The economic downturn and the uncertainty about the future reduced the new investments in green projects drastically. Besides this, many governments rolled back environmental regulations and taxes and increased fossil-fuel intensive infrastructure and electricity to stimulate economic growth. Post-Pandemic Green Recovery in ASEAN consists of several empirical studies using fresh data, with regional and country-level perspectives on ways to keep the greenness of the economic recovery plans. The chapters look at various aspects and sectors, including tourism, infrastructure, energy, small and medium enterprises (SMEs), employment, and livelihood, by assessing the effectiveness of various tools and instruments, including green finance, carbon taxation, green Sukuk, credit guarantee, cash transfer payment, power purchase agreements, and the related policies. They also provide practical policy recommendations useful for the ASEAN member states and other developing regions for the green recovery in the post-pandemic. Reiterating the importance of green and low-carbon mechanisms and climate change tackling policies besides the usual economic recovery strategies, this book is a precious resource for the researchers of economics, finance, ASEAN and Asian studies, and policymakers.


Southeast Asia and the Economics of Global Climate Stabilization

Southeast Asia and the Economics of Global Climate Stabilization

Author: David A. Raitzer

Publisher: Asian Development Bank

Published: 2015-12-01

Total Pages: 321

ISBN-13: 9292573055

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Climate change is a global concern of special relevance to Southeast Asia, a region that is both vulnerable to the effects of climate change and a rapidly increasing emitter of greenhouse gases (GHGs). This study focuses on five countries of Southeast Asia that collectively account for 90% of regional GHG emissions in recent years---Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. It applies two global dynamic economy–energy–environment models under an array of scenarios that reflect potential regimes for regulating global GHG emissions through 2050. The modeling identifies the potential economic costs of climate inaction for the region, how the countries can most efficiently achieve GHG emission mitigation, and the consequences of mitigation, both in terms of benefits and costs. Drawing on the modeling results, the study analyzes climate-related policies and identifies how further action can be taken to ensure low-carbon growth.


Accelerating Sustainable Development After COVID-19

Accelerating Sustainable Development After COVID-19

Author: Asian Development Bank

Publisher:

Published: 2021-07-02

Total Pages: 88

ISBN-13: 9789292627881

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This publication provides an overview of Sustainable Development Goal (SDG) bonds as a mechanism to help mobilize the financing required to achieve the SDGs in developing Asia. The importance of development that provides for equitable economic growth and the sustainable use of natural resources has become increasingly apparent during the coronavirus disease (COVID-19) pandemic. COVID-19 has emphasized the need for a renewed focus on achieving the 17 Sustainable Development Goals (SDGs). In addition to its analysis of the current SDG bond market in the region, the publication proposes a new type of SDG bond that could contribute to accelerating sustainable development in the region.


Sustainable Tourism After COVID-19

Sustainable Tourism After COVID-19

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2021-12-01

Total Pages: 149

ISBN-13: 9292692577

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The coronavirus disease (COVID-19) pandemic has devastated tourism in Asia and the Pacific, exposing the region’s dependence on the sector. This publication examines the prepandemic tourism system, the impacts of COVID-19, and how tourism in the region might be reset to contribute more effectively to the Sustainable Development Goals. It highlights six pathways for promoting systemic change in the sector: a value-driven approach, decarbonization, tourism-led regeneration, improved governance, and sustainable finance. It provides concrete recommendations on how policymakers and industry stakeholders can leverage tourism to foster sustainable development and a green recovery in Asia and the Pacific.


Primer on Social Bonds and Recent Developments in Asia

Primer on Social Bonds and Recent Developments in Asia

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2021-02-01

Total Pages: 116

ISBN-13: 9292627139

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Social bond markets have grown rapidly in Asia and around the world amid the coronavirus disease (COVID-19) pandemic. Today, the global social bond market is dominated by bonds that address pandemic-related social impact areas. To better understand the potential contribution of social bonds in tackling developing Asia’s most urgent social issues, this study reviews the current status and recent trends of global and Asian social bond markets. It further analyzes social impact areas that can be addressed by social bonds in both the short and long term. The study’s findings can help align finance with the Sustainable Development Goals and maximize the impact of the social bond market for sustainable development.


Gaps and Opportunities in ASEAN’s Climate Governance

Gaps and Opportunities in ASEAN’s Climate Governance

Author: Sharon Seah

Publisher: ISEAS-Yusof Ishak Institute

Published: 2021-04-06

Total Pages: 37

ISBN-13: 9814951609

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Although climate-linked impacts on ASEAN’s economy, increasing vulnerability to severe weather, and interlinkages to transboundary haze, health, security and marine pollution are evident, a recent survey by the ISEAS – Yusof Ishak Institute reveals that Southeast Asians are ambivalent about ASEAN’s effectiveness in tackling climate change. All ASEAN Member States (AMS) are fully committed to accelerating reductions to global emissions under the Paris Agreement and demonstrate political will to set up intersectoral climate governance on renewable energy transition, agriculture and food security, forest and land use protection, disaster risk management, conservation on biodiversity, among many other measures. Under the ASEAN Socio-Cultural Community (ASCC) pillar, the ASEAN Ministerial Meetings on the Environment (AMME) and the ASEAN Senior Officials’ Meeting on the Environment (ASOEN) meet annually to discuss environment-related issues, including climate change. The ASEAN Working Group on Climate Change (AWGCC), one of seven technical working groups reporting to the ASOEN, is tasked to enhance regional cooperation on climate change, promote collaboration between sectoral bodies, and articulate ASEAN’s concerns and priorities at the international level. Climate change issues have become cross-cutting and involve various ASEAN sectoral bodies. The AWGCC’s role, however, is still limited to the environmental mandate. ASEAN needs to establish a super coordinating body on climate change that can ensure information sharing across ASEAN bodies, convene support from dialogue partners, and engage with civil society organizations. The ASEAN Coordinating Council Working Group on Public Health Emergencies (ACCWG-PHE) model established during the COVID-19 crisis can serve as a precedent.


China’s Transition to a New Phase of Development

China’s Transition to a New Phase of Development

Author: Ligang Song

Publisher: ANU Press

Published: 2022-11-22

Total Pages: 356

ISBN-13: 1760465585

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The Chinese economy is currently undergoing fundamental changes. In this context, the 2022 China Update examines the key characteristics of China’s transition towards a new phase of economic growth and development. This year’s update book covers a range of diverse topics that reflect the complex and changing nature of the economy. It explores critical questions: Why does China need a new development paradigm, and what is the best way to achieve it? What are China’s choices when faced with the restructuring of global industrial value chains? What key roles will domestic consumption play in the next phase of China’s development? What does the digital transformation mean for the Chinese economy? What has been the domestic impact of the Covid-19 pandemic on income inequality and labour market outcomes? What pathways exist for China in its transition towards carbon neutrality? How does China’s emissions-trading market compare with that of Europe? How will China’s carbon neutrality strategy affect the Australian economy? What are the political factors influencing bilateral trade flows between China and its trading partners? And what is at stake for China–US relations?