Investment in climate action

Zhenqian Huang
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Zhenqian Huang: Macroeconomic Policy and Financing for Development Division, ESCAP

No PB91, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: The Asia Pacific region, hosting five of ten most vulnerable countries to climate change, contributes to over half of the world’s total greenhouse gas (GHG). During 1990 and 2012, greenhouse gas emissions in the region doubled (figure 1). Climate-induced higher temperatures, sea level rise, and extreme weather events are having a major impact on the region, harming its economies, natural and physical assets, and compounding developmental challenges, including poverty, food and energy security and health. Without climate-oriented development, climate change could push more than 100 million people from the region into extreme poverty by 2030, wiping out poverty reduction gains of past decades (ESCAP, 2016).

Date: 2019-04
New Economics Papers: this item is included in nep-agr, nep-env and nep-reg
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