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Climate change, Economics, Environment, Governance and public sector management
Climate change, Environment, Water
Climate change, Environment, Governance and public sector management
Climate change, Economics, Environment, Finance sector development
Economics, Environment, Finance sector development
Economics, Environment, Health, Social development and protection
The next steps for meeting nationally determined contributions after COP26
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.
After COP26, developing Asia’s challenge is meeting ambitious climate commitments
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.
COVID-19’s impact in Asia shapes blueprint for sustainable economic recovery
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.
Unraveling the linkages between agriculture and climate change
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.
Unfolding a holistic approach to disaster risk reduction
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.
Climate change impacts in Asia are all essentially a water story
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.
Repurposing food waste: A circular economy approach for the food system
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.
Exploring the link between climate change and sovereign risk
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.
Achieving policy objectives for green bonds in ASEAN
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).
ESG investment growth amid the COVID-19 crisis
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).
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