Wahyu Dwi Anggoro
IDXChannel - The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian countries in advancing collective action in the battle against climate change.
“Climate change is the most urgent issue facing Southeast Asia,” ADB President Masatsugu Asakawa announced said in a media release on Monday.
“This platform will strengthen economic and fiscal policies for climate action in the region," he added.
He was speaking at the opening of the High-Level Policy Dialogue of the ASEAN Finance Ministers, Enhancing the Role of Ministries of Finance for Climate Action in Southeast Asia. The event was held on the sidelines of the 11th ASEAN Finance Ministers and Central Bank Governors’ Meeting in Luang Prabang, Laos, this week.
According to Asakawa, increasing numbers of ASEAN countries are integrating climate risks into public investment and financial management, with the role of finance ministries becoming increasingly pivotal in addressing climate-related fiscal risks and mobilizing climate finance.
