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The connection between climate change and agriculture (both crops and livestock) is complex. On the one hand, agriculture is adversely affected by climate change (Aryal et al. 2020a; Lobell et al. 2011), but on the other hand, it is also one of the major factors exacerbating climate change (Smith et al. 2008; Aryal et al. 2020b). Climate-smart agriculture (CSA) could play a crucial role in reducing GHG emissions and mitigating the adverse effects of climate change.
By Michael C. Huang. Posted May 28, 2021
This year marked the 10th anniversary of the Great East Japan Earthquake, of which economic losses are estimated at $221 billion (EM-DAT), making it the most costly natural disaster recorded since 1900. The earthquake itself did not cause significant damage or casualties, but the subsequent 5–20 meter tsunami hit northern coastal areas, washing away townships and destroying the cooling system at the Fukushima Daiichi Nuclear Power Plant. To date, the recovery process is still ongoing to restore industries and economic activities to their pre-disaster levels.
Global climate change caused by human activities will continue to be catastrophic for humanity. In particular, climate change is having serious impacts on the world’s water systems (United Nations 2020), and changes in these systems can have an enormous impact on people’s lives. This is because water plays a critical role in the very existence of all forms of life on earth as the foundation of human well-being and prosperity (Asian Development Bank 2020) and a source of life and livelihoods.
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.
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.
The latest Intergovernmental Panel on Climate Change report, Global Warming of 1.5 ºC, notes the importance of mobilizing green finance for limiting global warming to 1.5 degrees Celsius and preventing catastrophic climate change. In line with this, some countries have been implementing policies to support green bonds. Green bonds are debt securities whose proceeds are used to fund environmental projects, including climate change mitigation and adaptation. Therefore, unlike conventional bonds, green bonds finance projects with clear environmental benefits (ICMA 2018).
Environmental, social, and governance (ESG) investment is critical for achieving inclusive growth in Asia and can play a critical role in reducing the income inequality caused by the coronavirus disease (COVID-19).
COVID-19 highlights the need to strengthen environmental risk management and scale-up sustainable finance and investment across Asia
Like the rest of the world, Asia has been hit hard by the COVID-19 crisis. While some countries have been able to contain the spread of the virus relatively well, the disruption of supply chains, sharp decline in global demand, and the large-scale withdrawal of capital have led to severe economic contractions across the region.
Do the socioeconomic spillovers from sewage treatment plants in developing countries justify heavy investment in them?
Decent sanitation for all is crucial for rapidly urbanizing developing countries, such as India. As large volumes of wastewater in developing countries remain untreated, the investments in treatment facilities have not kept pace with the steady increases in population and urbanization and the resulting increases in wastewater volumes.
The People’s Republic of China (PRC) has reformed and opened up its economy for 4 decades. However, accompanying the country’s fast-growing gross domestic product (GDP) and trade sector, environmental degradation, such as deteriorating water quality, land deforestation, pollution, and frequent haze plagues, has attracted a great deal of attention.
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