Reset Southeast Asia’s Climate Agenda

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High inflation, rising interest rates, falling currencies and volatile energy prices, along with economic slowdown and post-pandemic fiscal issues, could increase pressure on ASEAN+3 – the 10 members of the Association of Southeast Asian Nations, along with China, Japan and South Korea — to reduce their climate risk mitigation efforts.

While this policy change may be fiscally sound, it is a mistake that could have serious repercussions for the region and ultimately lead to slower economic growth and higher great financial instability.

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