“Asia generates around half of global carbon dioxide emissions, at the same time it also accounts for 40% of national disasters nationwide,” ADB Chief Economist Albert Park said in a virtual briefing on Tuesday. READ:
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“International trade and investment have been drivers of Asia’s economic growth and industrialization. With climate change looming, trade and investment policies must be aligned to support climate action,” he added. However, he said that Asia has been both a net importer and exporter of carbon emissions due to its rapid economic growth and industrialization.
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