In the Spotlight
Climate change knows no limits—geographical, judicial, or administrative. As leaders of ASEAN judiciaries gathered to discuss transboundary environmental issues, world leaders were gathering at the same time in Paris for the 21st Conference of the Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC).
The ongoing Biodiversity Conservation Corridors Project will be receiving additional financing from ADB amounting to $12.8 million in the Lao People's Democratic Republic.
These 10 winning entries from the "Our Seas" story writing contest for high school students in Palawan, Philippines employ fantasy, humor, and drama to highlight the importance of protecting the ocean.
Developing Asia stands to gain far more than it will need to pay to shift to low-carbon growth, says the new ADB report. If left uncontrolled, climate change can cut Asia's GDP by more than 10% by 2100, eating away hard-won socioeconomic gains.
Environmental sustainability is a prerequisite for economic growth and poverty reduction in Asia and the Pacific. ADB's long-term strategic framework for 2008-2020 (or Strategy 2020) identifies environmentally sustainable growth as a key strategic development agenda, and environment as a core area for support.
While economies in Asia and the Pacific continue to grow, the natural environment is under increasing pressure. Major ecosystems are under threat. Loss of biodiversity is massive as life support systems on land and in the oceans are being degraded. The region is the fastest growing source of new greenhouse gas emissions in the world; several countries are among the most vulnerable to climate change and natural disasters. Cities in Asia are growing at an unprecedented pace, with 44 million added to city populations every year. The resulting congestion, waste, pollution, and associated health impacts remain key challenges in sustaining urban development.
Critical thresholds or “tipping points” may be approaching, beyond which the environment could enter a new state where significant changes would become accelerated, unpredictable, and irreversible. In addition, the gap between the demand for natural resources and the environment’s ability to replenish those resources, or its biocapacity, is widening. In Asia and the Pacific, this gap has important economic and social implications as environmental damage has started to threaten prospects for continued economic growth and poverty reduction. Maintaining natural capital must therefore be a crucial goal for countries.
Given these concerns, the concept of green growth or environmentally sustainable growth has gained increasing attention. Green growth has great potential to provide a clear and focused policy agenda to pursue sustainable economic growth, while improving resilience to climate change and other shocks, and preventing environmental degradation, biodiversity loss, and unsustainable natural resource use.