Date: March 2020
By: EU - ASEAN Business Council
Rising costs associated with climate change continue to impact populations and GDP across ASEAN as seas rise and extreme weather events become more common place. At the same time the United Nations ESCAP reported in 2019 that ASEAN is likely to miss all 17 United Nations Sustainable Development Goals (SDGs) by 20303 . Challenges related to climate change and the socio-economic issues that are the focus of the SDGs become more interlinked with each passing year. They impact a wide range of socio-economic risks that countries are grappling with globally, with risks rising especially for emerging markets that lack the funds to quickly adapt to rapidly changing circumstances (the current issues with COVID-19 unfortunately highlight this). These global issues cannot be tackled by the public sector alone: they require a coordinated effort with the private sector to be successful. The financial sector specifically can play a critical role in directing investments to help achieve these environmental and socio-economic objectives.
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
