Departmental Papers

Asia’s Perspectives on Climate Change: Policies, Perceptions, and Gaps

By Era Dabla-Norris, Thomas Helbling, Kenichiro Kashiwase, Giacomo Magistretti, Mouhamadou Sy

November 29, 2023

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Era Dabla-Norris, Thomas Helbling, Kenichiro Kashiwase, Giacomo Magistretti, and Mouhamadou Sy. Asia’s Perspectives on Climate Change: Policies, Perceptions, and Gaps, (USA: International Monetary Fund, 2023) accessed November 13, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Asia and the Pacific’s green transition will have far-reaching implications for the global economy. Over the past decades, the region has become the engine of global economic growth. With relatively heavy reliance on coal and high energy intensity, the region has recently become the largest contributor to growth in global GHG emissions, accounting for nearly 40 percent of the total emissions in 2020. Achieving net zero by 2050 requires an energy transition at an unprecedented scale and speed, even as the region must ensure energy security and affordability. The region must also address its vulnerability to climate change as it comprises many countries highly exposed to climate hazards increasing in severity and frequency with global warming. If managed well, the green transformation in Asia and the Pacific will create opportunities for economies not only in the region, but also around the world for inclusive and sustainable growth. The global economy is still far from achieving net zero by 2050, and the Asia and the Pacific region must play its part to deliver on mitigation and adaptation goals. Understanding Asia’s perspectives on the constraints and issues with climate ambitions, climate policy actions, and constraints is central for devising climate strategies to meet climate goals. To this end, this chapter draws on novel surveys of country authorities and public in the region to distill climate ambitions and challenges faced and identify sources of major gaps in achieving mitigation and adaptation goals. Measures to help close the gaps are drawn from policy discussions with country authorities in bilateral surveillance and related studies.

Subject: Climate change, Climate finance, Climate policy, Environment, Greenhouse gas emissions, International organization, Political economy

Keywords: Adaptation, Asia, Asia and Pacific, Climate Change, Climate Finance, Climate policy, Critical Minerals, Energy Transition, Global, Green Technology, Greenhouse gas emissions, IMF country authority climate survey, IMF country staff report, IMF Library, Industrial Policy, Middle East, Mitigation, Mitigation policy, Nationally Determined Contributions (NDCs), Policy instrument, Renewables

Publication Details

  • Pages:

    74

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Departmental Paper No 2023/008

  • Stock No:

    APCCEA

  • ISBN:

    9798400254291

  • ISSN:

    2616-5333