Climate change is threatening vulnerable communities throughout Asia and the Pacific. To minimize the losses, five key strategies should be pursued.
Finance ministries are empowered with functions that allow them to lead a comprehensive, government-wide approach to address climate change.
Developing countries in Asia and the Pacific are among the hardest hit when it comes to climate change and yet many have limited resources to address the issue. Valuing carbon as a commodity and developing the immature carbon market is an important strategy for the region moving forward.
Bangladesh has made dramatic strides in reducing the deaths and economic impact of climate-related weather events. Public financial management has played a role in these achievements, offering important insights for other countries.
Governmental policies can influence individual investor behavior, driving them towards sustainable investments and shaping' risk perceptions and investment choices.
Armenia faces severe water challenges due to climate change and needs immediate and long-term strategies to safeguard its water resources and ensure sustainable agriculture.
Countries in Asia and the Pacific face challenges and opportunities in the transition to a low-carbon future. Clear plans and coordinated efforts can make the difference.
Sustainable marine projects and innovative financing like blue bonds are part of growing global efforts to look beyond land-based solutions – and consider the ocean economy – to address climate change.
Governments in Asia and the Pacific are navigating fiscal reforms and enhancing governance to align finance with climate action. This includes using national adaptation plans, climate-inclusive fiscal frameworks, and green budget tagging initiatives.
Climate change is threatening coastal communities worldwide. Using local knowledge, as well as innovative practices such as parametric insurance, is needed to enhance coastal resilience and mitigate the impact of climate change.