Sustainable Development In Asia

  • 31st Aug'20
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Economic growth policies in Asia have affected the use and availability of natural resources contributing to environmental degradation. Yet these same policies led to elevated growth and a dramatic fall in poverty. Countries are trying to figure out how to maintain growth strong but in a way that responsibly manages natural resources and takes decent care of the environment. Continuing to aim just for the biggest possible short-term growth is not viable, and governments have long understood the need for more sustainable development. 

But to convert these objectives into actions, a rethink is required on how economic growth is assessed and perceived other than fully in terms of physical output. To tackle the arising development challenges facing the region, policymakers, and crucially policy advice, require to utilize measures of sustainable development.  

 

Read the following article to know more about it: 

 

Here's how we can give a boost to the SDGs in Asia and the Pacific

https://blogs.adb.org/blog/heres-how-we-can-give-boost-sdgs-asia-and-pacific 

 

How Sustainable Finance is Reshaping Asia?

 

Government in Asia’s powerful economies are leading concerted undertakings to grow sustainable finance. Major institutions and governments are running market-building efforts around other instruments, such as green bonds and environmental, social, and governance (ESG) investing. Novel mechanisms are being pioneered in Asia, while innovative techniques from other markets are being pertained here at scale. Across the region, asset managers are leading the charge in incorporating sustainability into the core of their investment models, often in novel ways. 

Multilateral and bilateral development banks require to make a solid case with client governments that investing in projects that will boost sustainable development will, far from impeding growth, give powerful support for lasting growth.

 

 Read the below articles to know more about it: 

 

Sustainable Development in Asia and the Pacific Will Boost Long-Term Growth - Marvin Taylor-Dormond and Vinod Thomas

https://www.adb.org/news/op-ed/sustainable-development-asia-and-pacific-will-boost-long-term-growth-marvin-taylor 

ASEAN Can Lead Sustainable And Inclusive Economic Development, Here's How

https://www.forbes.com/sites/deepalikhanna/2019/10/30/asean-can-lead-sustainable-and-inclusive-economic-development-heres-how/#1191587c7d77 

Why Pollution-Free Growth Now Is Vital For Asia's Health And Future

https://www.forbes.com/sites/insideasia/2017/09/07/why-pollution-free-growth-now-is-vital-for-asias-health-and-future/ 

3 Ways Sustainable Finance Is Reshaping Asia's Capital Markets

https://www.forbes.com/sites/deepalikhanna/2019/05/22/3-ways-sustainable-finance-is-reshaping-asias-capital-markets/ 

India ranks third in Asia for environmental sustainability

https://yourstory.com/socialstory/2019/10/india-third-rank-asia-environmental-sustainability 

 

Challenges of Implementing Sustainable Development Goals in Asia

 

Several systemic obstacles are there such as the availability and dependability of data; absence of political will; weak capacity and technical know-how; insufficient mechanisms, structures to recognize financial opportunities, and access available financial resources.

 

Read the below article to know more about it: 

 

The challenges of implementing the Sustainable Development Goals in Asia

https://europa.eu/capacity4dev/articles/challenges-implementing-sustainable-development-goals-asia 

7 Global Trends Impacting The Sustainability Movement

https://www.forbes.com/sites/timothyjmcclimon/2019/04/15/7-global-trends-impacting-the-sustainability-movement/ 

Five strategies to boost the Sustainable Development Goals

https://www.eco-business.com/opinion/five-strategies-to-boost-the-sustainable-development-goals/ 

 

 

Contributor: Beauty Kumari 

An eloquent individual, love to express a myriad of topics through her words. She is ready to take any professional challenge head-on and give her best to any project entrusted to her. She wants to adversely impact through her writing and build a career out of her passion.

 

 

 

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