The report also investigated the challenges that affect the economic power of the region, such as the slow growth of productivity, the risk of the people’s debt and the tension in the growing business.
The UN under the general secretary and executive secretary of the SCAP, Armida Salasiyah Alisjhabana has said that the situation is not easy in front of financial and financial policy makers due to global economic uncertainty and climate risk depth.
“To move forward in this emerging scene, not only strong national policies are needed, but also integrate regional efforts to protect long -term economic prospects and to tackle climate change.”
The survey analyzed 5 countries, of which 5 are considered more sensitive to climate risk: Afghanistan, Cambodia, Islamic Republic of Iran, Kazakhstan, Lao Democratic Republic, Mongolia, Myanmar, Nepal, Tajikistan, Tajikistan and Vietnam.
The ability to deal with climate change has seen many discrimination throughout the region.
Some countries have adopted green policies by collecting climate finances, but other countries are facing difficult challenges. These include financial obstacles, poor financial systems and other problems including limited potential for public financial management.
The survey shows that what kind of policies are adopting to face various economic challenges related to climate change.
For example, to coordinate climate goals with the industrial development of the Republic of Korea, seek solutions to climate problems due to dependence on agriculture in Lao PDR, to eliminate climate risk due to dependence on fossil fuels in Kazakhstan, and progress in policy steps in coastal economies like Bangladesh and Bhanuatu.
Progress
Economics in the Asia-Pacific region have performed better than other regions of the world, but in spite of this, the average economic growth in the developing economy was up to 8.5 percent in 2021, compared to 8.2 percent in 2021.
Among the lowest developed countries, the average economic growth rate of 2021 was 5.7 percent, which is much lower than the target of percent percentage per year under sustainable development Taria.
Since the global financial crisis of 20, labor productivity has decreased rapidly in the Asia-Pacific region. In 20 and 2021, only 5 in Asia-Pacific’s developing countries were less with the top economy in terms of income, and 20 countries are far behind.
A village in Bangladesh is immersed in flood water.