ASEAN looks towards net zero emissions

March 31, 2023 | 17:15

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The Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility jointly held the Southeast Asia Development Symposium themed “Imagining a net-zero ASEAN” in Indonesia’s Bali on March 30.

ASEAN looks towards net zero emissions | ASEAN | Vietnam+ (VietnamPlus)

Illustrative image (Source: VNA)

Jakarta – The Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility jointly held the Southeast Asia Development Symposium themed “Imagining a net-zero ASEAN” in Indonesia’s Bali on March 30.

In his opening remarks, ADB President Masatsugu Asakawa pointed out that climate change remains the most urgent issue facing Southeast Asia, and suggested countries in the region cooperate with each other to put forth innovative solutions in order to accelerate the regional transition to carbon neutrality, and ensure strong, sustainable, inclusive economic growth.

He also spoke of the bank’s goals of elevating its ambition 100 billion USD in cumulative climate finance by 2030, and rolling out “game-changing” platforms to scale up the climate finance.

Indonesian Finance Minister Sri Mulyani Indrawati said ASEAN - which relies heavily on fossil fuels for economic and industrial development - should address the need for energy security while ensuring affordability and sustainability of energy.

Within the framework of the symposium, a sidelines event of the ASEAN Finance Ministers and Central Bank Governors Meeting which is taking place in Bali from March 28-31, the ADB released the report ASEAN and Global Value Chains: Locking in Resilience and Sustainability.

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By VNA

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