Setting sustainability standards for the financial system in Asia-Pacific

Jyoti Bisbey
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Jyoti Bisbey: Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific

No PB105, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: In the face of a mounting climate-emergency, the Asia-Pacific region needs to raise ambitions and accelerate actions towards transitioning to a low-carbon economy. While there is limited information about greenhouse emissions (GHG) from production activities, the region’s status as the engine of the world’s economy suggests that production contributes significantly to GHG emissions. This implies that businesses are key stakeholders in the decarbonization process. Indeed, to facilitate the transformation to a low-carbon economy, businesses need to take action and step up their commitments towards decarbonization.

Date: 2020-04
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