The panel discussion focuses on climate change – one of the foremost macro-critical issues confronting policymakers around the world. Transitioning to net zero would significantly impact production and consumption in the ASEAN+3 region, among other things. While the transmission mechanisms and expected impacts will differ across individual economies, there will be implications for the long-term macroeconomic and financial development of the ASEAN+3 region as a whole.
In addition, the panel discussion focused on the transition to net zero in the context of structural transformation and growth in ASEAN+3 economies. It tackled questions such as the macro-financial implications of transitioning out of a high-carbon economy and opportunities for transitioning into a carbon neutral economy.