You are here: Home » International » News » Others
Business Standard

Asian leaders in a policy commission to make case for net-zero emissions

The Asia Society Policy Institute has announced that it will convene a High-Level Policy Commission on Getting Asia to Net Zero for countries, including India.

Topics
Carbon emissions | greenhouse gas emissions | Asia

IANS  |  New Delhi 

Climate change, environment

In a bid to accelerate Asia's transition to net zero greenhouse gas emissions, and harness the opportunities of scaling climate action, the Society Policy Institute has announced that it will convene a High-Level Policy Commission on Getting to Net Zero for countries, including India.

Led by the Society's global president and former Australian Prime Minister, Kevin Rudd, the Commission will bring together prominent political, business, financial and civil society leaders, predominantly from Asia.

Other founding commissioners include the former UN Secretary-General Ban Ki-moon; the former President of the Marshall Islands and convenor of the High Ambition Coalition, Hilda Heine; Japanese MP and former minister Kono Taro; Indonesian businessman and former Finance Minister Muhamad Chatib Basri; World Economic Forum Managing Director NEO Gim Huay; Columbia University Professor and former Vice Chairman of NITI Aayog Arvind Panagariya; the Finance Corporation's Director and Global Head of for Climate Business, Vivek Pathak; and former French Climate Ambassador Laurence Tubiana.

The Commission will work in consultation with governments in the region to produce in-depth reports setting out potential net zero pathways and outlining their related economic and other benefits for a number of countries, beginning with India and Indonesia.

It will also prepare a pan-regional assessment of the cross-cutting barriers and opportunities to reaching net zero. The Commission's first report will be released in the coming months.

While 37 out of the 54 nations that are part of the UN's Asia-Pacific Group have adopted net zero emissions targets, only nine of these targets are legislated or included in official policy documents, according to data from the Net Zero Tracker.

Speaking ahead of its launch, Rudd said: "Achieving net-zero emissions is a massive economic opportunity for Asia, but despite the tremendous progress in recent years, the region still lags behind the rest of the world.

"This was on show at COP26 in Glasgow, where new climate commitments were few and far between. With all eyes on Asia, this needs to change before COP27. We think this Commission can help by setting out a coherent regional vision for net zero and supporting national leadership to understand how best to seize the opportunities in front of us.

"This commission isn't designed to be a finger pointing exercise; it's an opportunity to work hand-in-glove with governments and unlock progress in what is a key political window for Asian leadership with the region hosting the G20 in 2022 and 2023 and the UN Climate Conference next year."

Former UN chief and current President and Chair of the Global Green Growth Institute Ban Ki-moon added: "The goal to reach net zero emissions was at the heart of what the world agreed in Paris.

"But it is now clear that to get there we can't rest on our laurels: we need everybody to constantly step up, and not just every five years as was also agreed in Paris -- this includes countries, city and regional governments, businesses, financial institutions and .

"Ambitious action by Asia is critical for the whole world to achieve net zero. It could also bring massive economic and other benefits to the region. The energy crises and heatwaves hitting Asia right now are a reminder of our need to urgently accelerate ambition."

The Commission will seek to work closely with the presidencies of the COP27 UN Conference scheduled for the end of 2022, as well as COP28 due to be hosted by the Asia-Pacific Group in 2023, plus the G20.

--IANS

vg/ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, May 18 2022. 09:12 IST
RECOMMENDED FOR YOU
.