ADB SEADS 53d ago

ASEAN's rapid economic growth has led to significant environmental challenges such as deforestation, pollution, and inadequate waste management. The rising energy demand and carbon emissions have also increased sustainability and climate vulnerability concerns, threatening the region's competitiveness and stability. To ensure long-term prosperity, ASEAN must adopt a green economy focused on low-carbon, resource-efficient, and inclusive growth. But how can countries measure progress in their transition to a green economy? A new report from the Asian Development Bank (ADB), Advancing the Green Economy Transition in ASEAN, provides the first baseline assessment of the region's green economy. The report includes baseline measurements, review of policy and regulatory frameworks, identification of opportunities for green jobs and private-sector investments, and actionable recommendations for green economy expansion across the region. ADB launched the report on 12 March, 2:00 p.m.–3:00 p.m., at the Ascott, Bonifacio Global City, Manila. The event explored key findings from the report while also providing insights on how the region could address challenges holding it back from advancing the green economy agenda. The launch was a side event of the ASEAN Economic Ministers Meeting. SPEAKERS • Ma. Cristina Roque, Secretary, Department of Trade and Industry, Philippines • Scott Morris, Vice-President, Vice-President for East and Southeast Asia, and the Pacific, ADB • Pich Rithi, Secretary of State, Cambodia • Albert Park, Chief Economist, ADB • Satvinder Singh, Deputy Secretary-General, ASEAN • Analiza Rebuelta-Teh, Undersecretary, Department of Environment and Natural Resources, Philippines _____ ABOUT ADB SEADS The Southeast Asia Development Solutions Knowledge and Innovation Platform (SEADS) was created to help member countries of the Asian Development Bank become high-income, knowledge-based, and sustainable economies. SEADS aims to crystallize thinking on critical development issues and to support countries grow their economies further. Website: https://seads.adb.org Follow ADB SEADS on social media: • Facebook: https://www.facebook.com/ADBSEADS • LinkedIn: https://www.linkedin.com/showcase/adb-southeast-asia-development-solutions-seads • X (formerly Twitter): https://twitter.com/ADBSEADS