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Asia and Pacific > Thailand

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Climatic changes x
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Cover Departmental Papers
Asia’s Perspectives on Climate Change: Policies, Perceptions, and Gaps
Ms. Era Dabla-Norris
,
Mr. Thomas Helbling
,
Kenichiro Kashiwase
,
Giacomo Magistretti
, and
Mouhamadou Sy
Asia and the Pacific’s green transition will have far-reaching implications for the global economy. Over the past decades, the region has become the engine of global economic growth. With relatively heavy reliance on coal and high energy intensity, the region has recently become the largest contributor to growth in global GHG emissions, accounting for nearly 40 percent of the total emissions in 2020. Achieving net zero by 2050 requires an energy transition at an unprecedented scale and speed, even as the region must ensure energy security and affordability. The region must also address its vulnerability to climate change as it comprises many countries highly exposed to climate hazards increasing in severity and frequency with global warming. If managed well, the green transformation in Asia and the Pacific will create opportunities for economies not only in the region, but also around the world for inclusive and sustainable growth. The global economy is still far from achieving net zero by 2050, and the Asia and the Pacific region must play its part to deliver on mitigation and adaptation goals. Understanding Asia’s perspectives on the constraints and issues with climate ambitions, climate policy actions, and constraints is central for devising climate strategies to meet climate goals. To this end, this chapter draws on novel surveys of country authorities and public in the region to distill climate ambitions and challenges faced and identify sources of major gaps in achieving mitigation and adaptation goals. Measures to help close the gaps are drawn from policy discussions with country authorities in bilateral surveillance and related studies.
Keywords:
Asia; Climate Change; Mitigation; Adaptation; Nationally Determined Contributions (NDCs); Industrial Policy; Energy Transition; Renewables; Green Technology; Climate Finance; Critical Minerals; IMF country authority climate survey; IMF country staff report; mitigation policy; Policy instrument; IMF Library; Greenhouse gas emissions; Climate policy; Asia and Pacific; Global; Middle East
Cover IMF Research Perspectives
IMF Research Perspective: Fall 21/Winter 22
International Monetary Fund. Research Dept.
This issue of the IMF Research Perspective looks at the inter-connectedness of the world economic system and how diverse shocks can affect global supply chains. The articles in this issue track the way COVID-19 triggered disruptions in the supply chain and explains why trade networks are so difficult to disentangle. However, the pandemic is not the only event affecting global supply chains; cross-border spillovers of technology wars and natural disasters are other factors to consider. The overarching message from these articles is clear: there is a need for international cooperation to deal with the consequences of these shocks—whether it is ending the COVID-19 pandemic or mitigating climate change.
Keywords:
IMF research perspective; inflation pressure; climate disaster; impact of the pandemic; supply chain disruption; mitigation policy; Trade balance; Natural disasters; Climate change; Imports; COVID-19; Global
Cover IMF Working Papers
We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain
Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our findings on historical data between 1970 and 2018, we observe that globalization increased the similarity of countries’ global climate risk exposures. Exposures to foreign climatic disasters in major trade partner countries (both upstream and downstream) lower the home-country stock market valuation for the aggregate market and for the tradable sectors. We also find that exposures to foreign long-term climate change risks reduce the asset price valuations of the tradable sectors at home. Findings in this paper suggest that climate adaptation efforts in a country can have positive externalities on other countries’ macrofinancial performance and stability through international trade.
Keywords:
climate risk; financial spillover; supply chain; financial stability; WP; risk exposure; disaster damage; spillover index; exposure measure; assets ratio; expected return; Climate change; Stock markets; Foreign currency exposure; Financial sector; Natural disasters; Global