Established in 2011 by ASEAN+3 Finance Ministers, the ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization that aims to contribute to the macroeconomic and financial resilience and stability in the ASEAN+3 region.
This blog presents an overview on how central bankers and supervisors in Southeast Asia can better understand and address broader environment-related, and especially biodiversity loss-related, financial risks.
Continue ReadingPerspectives from a Southeast Asia Roundtable on Nature ‘Impact and Dependency’ Studies
Although the climate-related natural hazard risk of Brunei remains low, and below the world average, the climate transition risk is perennial. AMRO made some suggestions on how to better address the climate change challenges in the country.
Continue ReadingTackling Climate Change in Brunei—Some Suggested Recommendations
The risks climate change poses to ASEAN+3 countries could have far-reaching implications for the region’s agricultural production, water availability, energy security, transport and infrastructure, tourism industries, and coastal resources.
China has announced that it would aim to peak its carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, which is an important commitment to align the country’s emissions targets with the 26th UN Climate Change Conference of the Parties’ global agenda to reduce the risks of climate change.