0
0
The Global Energy Transition Offers an Opportunity to Boost Growth in South Asia
Source: World Bank
Date: 30 Oct 2023
The World Bank’s latest regional economic update highlights South Asia’s uncertain economic outlook, despite steady growth. The region faces fiscal constraints, limiting its ability to capitalize on the global energy transition, which offers opportunities for growth, job creation, pollution reduction, and reduced fuel imports. The conference, organized by the BRAC Institute of Governance and Development and the World Bank, brings experts together to discuss the challenges and potential of green growth in the region. Energy efficiency improvements can help South Asia achieve its economic and environmental goals. The report also underscores the need to protect workers affected by the energy transition and highlights Bangladesh’s efforts in green development.
South Asia embraces global energy transition for sustainable growth
Source: Times of India
Date: 30 Oct 2023
The World Bank’s regional economic update highlights the precarious economic future in South Asia and urges the region to capitalize on the global energy transition. A conference, “Toward Faster, Cleaner Growth,” organized by the BRAC Institute of Governance and Development and the World Bank, gathers experts to discuss the challenges and opportunities of green growth. South Asian governments face fiscal constraints, limiting their ability to leverage the global energy transition’s potential. Bangladesh has made notable progress in green development, particularly in its garments sector. Energy efficiency improvements can help South Asia achieve both economic and environmental goals, but the transition will reshape labor markets, requiring policies to protect vulnerable workers. The interdisciplinary approach is key to understanding green growth’s importance.
Rooftops of world caving, says UN chief in desperate plea for climate action
Source: Dawn
Date: 31 Oct 2022
UN Secretary-General Antonio Guterres visited Nepal’s Everest region and warned that the country’s glaciers, which provide fresh water to over a billion people, have lost nearly one-third of their ice due to climate change. He highlighted that glaciers in Nepal have melted 65% faster in the last decade, particularly concerning given their role as a vital water source for millions in the region. Guterres called for urgent action to combat climate change, emphasizing the need to end the fossil fuel age and limit global temperature rise to 1.5 degrees to prevent severe climate-related disasters, including flooding and reduced river flows.
