Developing countries that rely on traditional energy sources face a daunting challenge to power their electricity, industrial and agricultural activities. Central to this challenge is the lack of access to adequate financial resources for facilitating energy transitions and achieving climate objectives in these countries. The climate finance issue was emphasized during the 26th United Nations Climate Change Conference in Glasgow (COP26), resulting in the formation of the Just Energy Transition Partnership (JETP). This initiative emerged following a commitment of $8.5 billion by France, Germany, the United Kingdom, the United States, and the European Union to assist South Africa in phasing out coal. JETP functions as a collaborative financing mechanism aimed at aiding coal-dependent countries in transitioning to renewable energy sources while concurrently fostering clean energy employment opportunities and sustainable practices.
Air pollution disproportionately impacts South Asia with pollution-related deaths reaching 2 million annually and a concerning 21% rise in per capita death rates over the last decade. Despite promising results from private investments like air purifiers, their widespread adoption in South Asia remains hindered by financial constraints and other factors, underscoring the urgent need for targeted research and policy interventions to combat air pollution's devastating impact on public health and productivity in the region.
INNOVATION
AND DIGITAL
LOW CARBON GROWTH
CLIMATE FINANCE
RESILIENT DEVELOPMENT
SUSTAINABLE AGRICULTURE
CLIMATE POLICY PERFORMANCE
clean
technology
Green industrial policy consists of a series of policy tools aimed at promoting the development of specific green industries. They can stimulate enterprises to invest in green technologies through measures such as research and development subsidies and tax incentives, and guide the whole society to reduce environmental negative externality behaviors.