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By Saraswati Upadhaya. Posted March 19, 2021
Human activity is accelerating climate change, and those most at risk are vulnerable populations in developing countries that are already suffering from chronic poverty. These countries also tend to be ones that contribute only negligibly to climate change. The changing climate is waiting for no one—most of us have already experienced, read, or researched its impacts, and scientists have gravely warned of the consequences in the form of wildfires, droughts, floods, and landslides, among others.
By Derek Hondo. Posted February 19, 2021
As the population in Asia continues to grow, so too will consumption trends. This population growth will continue to have significant impacts on the way goods are manufactured and consumed, as the global “take, make, and dispose” lifestyle has already put enormous stress on raw materials and energy resources.
By Rabindra Nepal. Posted November 20, 2020
Asia needs to rely on energy efficiency improvements to meet its growing energy demand, which has been driven by industrialisation, urbanisation, and rising incomes among the ballooning middle class. Energy efficiency improvements and investments in green technology development and deployment are necessary to mitigate the adverse impacts of climate change. However, the question of how to finance these improvements in energy efficiency and the greater deployment of renewable energy sources is serving to be a significant challenge in this important economic region.
Climate change can have a material impact on sovereign risk through direct and indirect effects on public finances. In addition, climate change raises the cost of capital in climate vulnerable countries and threatens debt sustainability. Governments must climate-proof their economies and public finances or potentially face an ever-worsening spiral of climate vulnerability and unsustainable debt burdens.
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