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Asean governments face risk of fiscal strain from climate change without policies to attract private capital

The article from The Business Times discusses the financial challenges ASEAN governments face due to climate change, highlighting the need for policies to attract private capital to mitigate fiscal strain. It points out that without effective strategies to engage private sector investment, the costs associated with climate adaptation and mitigation could significantly burden public finances. The piece references a report by the International Institute for Sustainable Development (IISD) which suggests that ASEAN countries need to enhance their policy frameworks to make investments in green projects more appealing to private investors. This includes creating stable regulatory environments, providing fiscal incentives, and ensuring transparency and accountability in green investments. The article also notes that while some ASEAN nations have started implementing such policies, there is a broad spectrum of progress across the region, with countries like Singapore and Malaysia showing more advanced frameworks compared to others.

Read the Full Business Times Article at:
[ https://www.businesstimes.com.sg/esg/asean-governments-face-risk-fiscal-strain-climate-change-without-policies-attract-private-capital ]