Economic growth policies in Asia and have affected the use and availability of natural resources contributing to environmental degradation. Yet these same policies led to elevated growth and a dramatic fall in poverty. Countries are trying to figure out how to maintain growth strong but in a way that responsibly manages natural resources and takes decent care of the environment. Continuing to aim just for the biggest possible short-term growth is not viable, and governments have long understood the need for more sustainable development.
But to convert these objectives into actions a rethink is required on how economic growth is assessed and perceived other than fully in terms of physical output. To tackle the arising development challenges facing the region, policymakers, and crucially policy advice, require to utilize measures of sustainable development.
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The ambitious global development agenda has spurred new policies, investments, and collaboration to tackle significant social and environmental challenges confronting the world. Yet Asia and the Pacific will not achieve any of the 17 goals by 2030. To read more, Click Here
Governments in Asia’s powerful economies are leading concerted undertakings to grow sustainable finance. Major institutions and governments are running market-building efforts around other instruments, such as green bonds and environmental, social and governance (ESG) investing. Novel mechanisms are being pioneered in Asia, while innovative techniques from other markets are being pertained here at scale. Across the region, asset managers are leading the charge in incorporating sustainability into the core of their investment models, often in novel ways.
Multilateral and bilateral development banks require to make a solid case with client governments that investing in projects that will boost sustainable development will, far from impeding growth, give a powerful support for lasting growth.
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Economic growth policies in Asia and the Pacific have impacted the use and availability of natural resources contributing to environmental degradation. To read more, Click Here
Leaders of the Association of Southeast Asian Nations (ASEAN) are gathering for their 35th summit in Bangkok this week to chart a course for the region’s economic future. To read more, Click Here
About 95% of adults and children impacted by pollution-related illnesses live in low and middle-income countries. Asia and the Pacific produce more chemicals and waste than any other region in the world. To read more, Click Here
Novel mechanisms are being pioneered in Asia, while innovative approaches from other markets are being applied here at scale. To read more, Click Here
A number of systemic obstacles are there such as: the availability and dependability of data; absence of political will; weak capacity and technical know-how; insufficient mechanisms, structures to recognize financial opportunities and access available financial resources.
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According to the report, an estimated additional $1.5 trillion (€1.34 trillion) per year is needed to meet the SDGs in Asia, but in addition to the financial support, empowerment and inclusion should be fostered. To read more, Click Here
Although eight million tons of plastic enters our oceans every year and only 14 percent of plastic is actually recycled, we continue to produce and throw away vast amounts of plastic every day with no real change in sight. To read more, Click Here
The SDGs have proven beneficial, but they also pose complex and demanding challenges. Not enough has happened to implement them. Concrete actions are rare. To read more, Click Here
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