Economics, Environment, Information and Communications Technology, Infrastructure, Social development and protection, Urban development

Levelling up innovation in Asia

Astana, Kazakhstan
Innovation is playing a vital role in the economic, social, and environmental progress of Asia and the Pacific and has been an important factor in the region's rapid and successful transformation. However, many countries in the region lag behind, innovating at a fraction of the pace as countries in similar or even lower income groups.

Climate change, Environment, Social development and protection

Circularity of plastics: From managing waste to generating less waste

trash-on-the-sea-shore
With urbanization and the growing global population, much focus has been placed on finding solutions for improving solid waste management as a way to curb the growing amounts of waste being generated. However, governments should instead look at the root cause of the issue and shift toward exploring ways to generate less waste.

Energy, Environment, Governance and public sector management, Transport

The next steps for meeting nationally determined contributions after COP26

EV charging
Reductions in emissions of carbon dioxide and other greenhouse gases (GHG) must be achieved in the coming decades to avoid catastrophic global temperature rises. Limiting global warming to within 1.5°C will require rapid, far-reaching, and unprecedented changes in all sectors. GHG emissions in Asia and the Pacific now account for over 50% of the world’s total.

Climate change, Economics, Energy

Carbon pricing’s potential to reduce emissions in Australia offers lessons for Asia

1421164124
The COP26 summit in Glasgow in November 2021 brought the global community together to accelerate action toward meeting the goals of the Paris Agreement and the United Nations Framework Convention on Climate Change (UNFCCC). However, achieving these goals will not be possible without effective carbon pricing.

Economics, Infrastructure, Social development and protection, Transport

Balancing the Spillover Effects of High-Speed Rail Infrastructure Investment in Asia

Balancing the Spillover Effects of High-Speed Rail Infrastructure Investment in Asia
Comprehensive infrastructure projects have proven to be efficient in reducing poverty, community burdens, and production costs and raising competitiveness within and between regions. However, investment in specific forms of infrastructure can help balance the trade-offs between huge infrastructure demand and scarce financial resources, especially in developing countries.

Climate change, Economics, Environment

After COP26, developing Asia’s challenge is meeting ambitious climate commitments

Together for our planet
Developing Asian countries, such as Indonesia, Kazakhstan, Thailand, and Viet Nam, have announced their net-zero carbon emission targets by mid-century at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, and financing climate change mitigation has been at the forefront of discussions for making ambitious climate action a reality.

Blog, Economics, Industry and trade, Transport

Infrastructure investment key to unlocking emerging Asia-Europe trade corridor

Infrastructure investment key to unlocking greater connectivity in Central Asia
Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade. Considerable financing gaps and other challenges must be addressed to meet its rapidly expanding infrastructure needs.

Economics, Environment, Health, Industry and trade, Social development and protection, Uncategorized

COVID-19’s impact in Asia shapes blueprint for sustainable economic recovery

Illustration of man walking on a tightrope
The economic impact of the coronavirus disease (COVID-19) pandemic in Asia highlights the importance of entrenching longer-term sustainability and economic resilience into the recovery process. The macroeconomic effects of the pandemic, as well as the impact on firms and households in Asia, are featured in a new ADBI edited book, COVID-19 Impacts and Policy Options: An Asian Perspective.

Blog, Economics, Industry and trade, Private sector development, Transport

Infrastructure investment to spur firm performance in Central Asia

infrastructure-investment-to-spur-firm-performance-in-central-asia
Effective infrastructure projects not only construct infrastructure, such as roads, railways, water supply, and electricity, but can boost economic growth in the surrounding region through “spillover effects” (Yoshino, Azhgaliyeva, and Mishra 2021). The infrastructure benefits firms by lowering costs and improving connectivity and the ease of doing business, leading to greater sales and exports.

Blog, Climate change, Finance sector development

COP26-aligned fiscal policy instruments for boosting Asian green growth, sustainable recovery

Fiscal policy instruments for boosting green growth and sustainable economic recovery
The final months of 2021 will be a crucial time for climate policy. At the United Nations Climate Change Conference (COP26) in Glasgow from 31 October to 12 November, countries will need to come forward and show that they take the commitments that they made in Paris seriously and that they will reduce GHG emissions such that we reach net zero by 2050 to meet the climate targets of the Paris Agreement. Carbon pricing and other fiscal policies will play a critical role.