Tag Archives | climate change
Climate change, Economics, Environment, Finance sector development

Exploring the link between climate change and sovereign risk

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.

Economics, Environment, Finance sector development, Health

COVID-19 highlights the need to strengthen environmental risk management and scale-up sustainable finance and investment across Asia

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.

Environment, Industry and trade

Globalization and the environment in India

Globalization and the environment in India
India embarked on a path of liberal economic reform in the 1990s after years of nurturing an intensively regulated and controlled economic environment that was loosened slightly in the mid-1980s. The most important and critical segments of this reform were trade and foreign investment. India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and growth.

Health

5 reasons to be worried about health security in Asia

5 reasons to be worried about health security in Asia
If you live in Asia and the Pacific, do you ever wonder how high your risk is of contracting antimicrobial-resistant bacteria or emerging infectious diseases such as a new strain of avian influenza? Unfortunately, I have to tell you that the risk here is higher that in any other region in the world.

Social development and protection, Water

Extending the reach of flood insurance

Rice fields submerged by floods in Pakistan
Over the past few weeks, South Asian countries have been suffering torrential rains and devastating floods and landslides, exacerbated by Cyclone Komen, leaving over 100 dead and over a million displaced from Pakistan to Myanmar. The annual monsoon season in the region, normally a lifeline for farmers, this year resulted in floods that have caused severe damage to crops.

Environment

Window of opportunity still open on climate action

Window of opportunity still open on climate action
A set of reports by the Intergovernmental Panel on Climate Change (IPCC), the last of which was released on November 2, 2014, sets the scene for governments to renew their efforts on the issue through ambitious commitments for a comprehensive climate agreement in Paris in December 2015.