High-level ASEAN seminar talks aligning policies for climate transition
As part of the first ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) 2023 in Bali on March 30, Indonesia organised a high-level seminar themed “Aligning Policies for Climate Transition” to support the message of sustainable development, one of the ASEAN priority economic deliverables (PED) this year.
Jakarta (VNA) – As part of the first ASEAN Finance Ministersand Central Bank Governors’ Meeting (AFMGM) 2023 in Bali on March 30, Indonesia organiseda high-level seminar themed “Aligning Policies for Climate Transition” tosupport the message of sustainable development, one of the ASEAN priority economicdeliverables (PED) this year.
Speaking at the event, Governor of Bank Indonesia (BI)Perry Warjiyo said central banks play a crucial role in building a frameworkfor green finance transformation, highlighting transparency and sustainability,as well as developing policies and mechanisms towards the goal of achieving net zeroemissions to mitigate climate change.
He stressed that the ASEAN countries need technical support inthe green transition process, in which the role of central banks is not only topromote but also carry out green finance, especially through financing thetransition.
Delegatesat the event discussed experience from international organisations in promotingsustainable finance.
Accordingto the United Nations Development Programme, climate transition financing fordeveloping countries requires a clear framework to ensure consistent policiesand encourage the private sector to engage in.
Statistics showed that the value of sustainable financetransactions in the ASEAN countries reached only 82 billion USD last year, muchlower than the potential.
Tooptimise this potential, the regional countries were advised to develop innovativefinancial products and tools, issue favourable regulations and policies, improveinformation transparency, mobilise international coordination, and managerisks and policies./.
Senior officials of ASEAN and Japan attending the 38th ASEAN-Japan Forum in Tokyo on March 28 reaffirmed their commitments to further advance the partnership and strengthen cooperation, as both sides are marking the 50th Anniversary of Dialogue Relations this year.
The Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility jointly held the Southeast Asia Development Symposium themed “Imagining a net-zero ASEAN” in Indonesia’s Bali on March 30.
As part of the first ASEAN Finance Ministers and Central Bank Governors' Meeting (AFMGM) held from March 28-31 in Bali, the host country Indonesia organised AFMGMs with the ASEAN-US Business Council (ASEAN-US ABC), the EU-ASEAN Business Council (EU ABC), and the ASEAN Business Advisory Council (ASEAN ABAC) on March 29.
Secretary-General of the Association of Southeast Asian Nations (ASEAN) Kao Kim Hourn has pledged to support efforts to combat transboundary haze pollution in the region.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
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A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
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The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Photo: Antara) 
