Even though the Asia-Pacific region is set to account for 60% of global economic growth in 2024, some countries remain unprepared to cope with climate shocks and the impacts of the transition to a greener system, according to a report released on April 8 by the Economic and Social Commission for Asia and the Pacific (ESCAP).

Of the 30 countries analysed in the study, 11 were identified as being most exposed to climate risks from a macroeconomic perspective: Afghanistan, Cambodia, Iran, Kazakhstan, Lao People’s Democratic Republic, Mongolia, Myanmar, Nepal, Tajikistan, Uzbekistan and Vietnam.

The paper highlights the complex interaction between macroeconomics and climate, outlining challenges testing the region’s economic resilience, including slower productivity growth, high sovereign debt risks and rising trade tensions.

“Rising global economic uncertainty and deepening climate risks are also making the task of fiscal and monetary policymakers difficult. Navigating this changing landscape requires not only sound national policies, but also coordinated regional efforts to protect long-term economic prospects and address climate change,” said UN Under-Secretary-General and ESCAP Executive Secretary Armida Salsiah Alisjahbana.

There are also significant differences in the region’s ability to cope. While some countries have mobilized significant climate finance and adopted green policies, others face a range of challenges, including fiscal constraints, weaker financial systems, and limited public financial management capacity.

The review examines how countries are implementing policies to manage the various economic challenges of climate change.

While growth in emerging Asia-Pacific economies remained relatively robust compared with the rest of the world, average growth slowed to 4.8% in 2024 from 5.2% in 2023 and 5.5% in the five years before the COVID-19 pandemic.

To ensure sustainable economic growth, the Review highlights the importance of active public support for upgrading into more productive and high-income sectors of the economy. The region should also use its competitive advantages in green industries and value chains as new sources of economic growth, and develop inclusive regional economic cooperation that benefits both developed and developing countries.

https://asiaplustj.info/ru/news/tajikistan/economic/20250408/tadzhikistan-otnesli-k-stranam-podverzhennim-klimaticheskim-riskam-dlya-makroekonomiki

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