Rethinking Asia’s Low-Carbon Growth in the Post-Covid World: Towards a Net-Zero Economy
Anbumozhi, Venkatachalam; Kalirajan, Kaliappa; Yao, Xianbin | January 2022
Abstract
Asia’s historical development is at a crossroads. Twenty months into the coronavirus pandemic, the cumulative economic and financial impacts are estimated to be much worse than those of the 1997 Asian economic crisis and the 2008 global financial crisis. Governments across ASEAN and East Asia have deployed a significant amount of emergency capital in their response to the pandemic, with an initial focus on protecting livelihoods. As countries move towards long-term deep decarbonisation and a circular Net Zero economy, recovery from the pandemic has offered a rare opportunity to realign energy, innovation, trade, and fiscal policies into macroeconomic planning and national budgets towards a new sustainable development paradigm. This book reviews and assesses the low-carbon green growth policies, practices, and economic recovery packages and identifies implementation gaps and new opportunities. The detailed analyses embedded in the chapters cover a wide range of impact strategies at sectoral level and identify immediate economywide actions required to realise the Net Zero future. Based on a review of countries’ experiences, this volume concludes that past climate actions have entailed progressive bottom-up, sectoral, low-carbon, green growth initiatives that are relatively fast and easy to implement and that provided incremental co-benefits. Realising the Net Zero Future by 2050 will require much higher levels of technology absorption, crowding in finance, and strong institution building. It urges public and private actors to harness the potentials of regional cooperation based on market principles, which will reduce the cost of transformation to the Net Zero economy.
Citation
Anbumozhi, Venkatachalam; Kalirajan, Kaliappa; Yao, Xianbin. 2022. Rethinking Asia’s Low-Carbon Growth in the Post-Covid World: Towards a Net-Zero Economy. © Economic Research Institute for ASEAN and East Asia. http://hdl.handle.net/11540/14886.Print ISBN
978-6025-4603-7-1
Keywords
Industrial Energy Consumption
Alternative energy
Alternative energy development
Household Energy Consumption
Renewable Energy
Evaluation
Alternative energy
Energy Technology
Stockpiling
Environmental Sustainability
Work Environment
Urban Environment
Social Environment
Regulatory Environments
International Environmental Relations
Institutional Environment Assessment
Global Environment
Environmental Sustainability
Environmental Strategy
Environmental Services
Environmental Resources
Environmental Management and Planning
Environmental Issues
Environmental Guidelines
Environmental Effects
Environment and Pollution Prevention
Climate change
Energy efficiency
Energy Pricing Policy
Energy Supply
Primary Energy Supply
Development Indicators
Alternative energy program
Alternative energy technology
Domestic Energy
Energy Demand
Energy Prices
Energy
Energy planning
Land Development
Forestry Development
Fishery Development
Environmental Statistics
Environmental Planning
Environmental Management
Environmental Education
Environmental Capacity
Pollution Control
Nature Protection
Environmental Conservation
Power resource
Electric power
Energy development
Renewable energy resource
Energy assistance
Energy tax credit
Carbon tax
Electric power consumption
Cost effectiveness
Supply and demand
Prices
Energy resource
Energy consumption
Price Indexes
Infrastructure
Green technology
Electric power
Renewable energy source
Energy development
Renewable energy resource
Energy conservation
Energy policy
Carbon emissions
Carbon markets
Carbon dioxide mitigation
Ecological risk assessment
Air quality indexes
Ecological risk assessment
Environmental impact evaluation
Analysis of environmental impact
Environmental toxicology
Health risk assessment
Rain and rainfall
Acid precipitation
Ozone-depleting substance mitigation
Greenhouse gas mitigation
Prevention of pollution
Air quality
Air quality management
Pollution
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