Publications tagged with : Climate change
By many accounts, Asia has done very well in the past three decades: its major economies have achieved unprecedented economic growth that has underwritten progress in poverty alleviation, job creation, and trade. And the story may be just beginning. Asia accounts for close to 50 per cent of recent global growth, and by 2050 may comprise well over 50 per cent of global GDP. These trends are both driven by, and fuelling, the rise of Asia’s middle class as a key force in global consumption. By mid-century, Asia will house over 60 per cent of the global middle class.
During “Financing Asia’s Low Carbon Growth”, a meeting that gathered climate change and finance professionals in Asia, Fung Global Institute Academic Council Member Nicholas Stern talked about how political will, good policies and innovative approaches will be critical to the issue of global warming.
At the annual World Economic Forum meeting in Davos, Switzerland , Nicholas Stern, Academic Council Member of Fung Global Institute, shared his insights on climate change with the Guardian. The following are some of the highlights:
Fung Global Institute Founding Chairman, Victor K. Fung, discusses why sustainability is good for business with a distinguished panel of global industry experts at the Asian Financial Forum. But it’s Myanmar that steals the show as the region’s rising economic and political star. The Fung Global Institute's media team was there.
Editor's Note: The world is shifting to a new framework in its attempt to deal with the adverse effects of climate change. While north-south tensions and huge differences in approach remain, developed and developing countries are working on a universal agreement so that the planet can stay safe. This time technology and finance take centre stage in the long-term solution to the climate change crisis.
Editor’s note: The progress made by manufacturers in China over the last 30 years has been startling. China has moved from a producer which relied on low-wage labour to an innovative powerhouse which draws on home-grown skills and knowledge. China’s new five-year plan has vowed to build on that progress, using sustainable development as its framework. Quality has won over quantity. Now China’s challenge to implement this new model is a must-watch over the next few years.
Editor’s note: Signs abound that mankind is reaching the limits of urbanisation and industrial capitalism. But Fung Global Institute President Andrew Sheng wonders if we have the political will to switch to the greener, more sustainable development models which some leading thinkers and companies have already proposed.
Editor’s note: To get the transformation of capitalism on its way, a serious rethink of eco-investment finance is essential, says John Mathews, who holds the Eni Chair of Industrial Dynamics and Global Strategy at LUISS Guido Carli University, in Rome, and is the Chair of Strategy at the Macquarie Graduate School of Management, Macquarie University, Sydney.