Chat with us, powered by LiveChatSoutheast Asian countries call for accelerated climate action to reach a net-zero society - FASI
FASI - Funding Aid Strategies Investments

Southeast Asian countries call for accelerated climate action to reach a net-zero society

|Strategies
29 May 2023

Manufacturing Plant - Pexels - Photo by: PixabaySoutheast Asia is one of the world’s most vulnerable regions to the impacts of climate change, and the countries of the region have to face the challenge of contending with the ongoing effects while pursuing lower-carbon pathways and maintaining robust economic growth. The Asian Development Bank (ADB) held its fourth Southeast Asia Development Symposium (SEADS) to open a conversation on “Imaging a Net-Zero” ASEAN and find new financial solutions to help the region through the process. 

“Climate change is the most urgent issue facing Southeast Asia, and it is critical that we work together in building innovative solutions to accelerate the region’s transition to net-zero,” said Asian Development Bank’s President Masatsugu Asakawa at the last Southeast Asia Development Symposium (SEADS) 2023, that was held last March in Bali, Indonesia. 

Countries in Southeast Asia are committed to a net-zero future, with 8 out of 10 ASEAN member states at COP26 committing to net-zero targets by 2050. As countries emerge from the pandemic, they have a unique opportunity to harness new green, innovative, and cost-effective approaches to support decarbonization in a wide range of sectors while revitalizing economies.

This

;