Asia's Climate EMERGENCY: Fiscal policy can help address climate change in Asia, the region hit hardest by global warming.
- Resource Type
- Article
- Authors
- Dabla-Norris, Era; Daniel, James; Masahiro Nozaki
- Source
- Finance & Development; Sep2021, Vol. 58 Issue 3, p48-52, 5p
- Subject
- CARBON taxes
FISCAL policy
GLOBAL warming
CLIMATE change
ECONOMIC forecasting
CARBON emissions
COASTAL development
- Language
- ISSN
- 00151947
The article discusses the help of fiscal policy in addressing climate change in the Asia-Pacific region as of September 2021. Topics covered include its twice faster temperature rise than the global average, the possible gradual introduction of a carbon tax, the challenge of managing potential side effects in transitioning to a low-carbon economy, and the need to accelerate adaptative capacity. Also noted is the exploitation of synergies between infrastructure needs and emission reduction.