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Asia Pacific

Trade can play a pivotal role in addressing climate change, says UN report (UN News)

Around 16 million new jobs could be created in clean energy, energy efficiency, engineering, manufacturing and construction industries in the Asia-Pacific region, more than compensating for the estimated loss of five million jobs by downscaling industries.

The Asia-Pacific Trade and Investment Report 2021 was jointly launched on Monday by the UN Economic and Social Commission for Asia and the Pacific (ESCAP), the United Nations Conference on Trade and Development (UNCTAD), and the UN Environment Programme (UNEP).

Climate-smart policies have a significant cost, particularly for carbon-intensive sectors and economies, but the cost of inaction is far greater. Some estimates are as high as $792 trillion by 2100, if the Paris Agreement targets are not met.

Trade can play a pivotal role in addressing climate change, says UN report  | | UN News

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Asia Pacific China NATO

China urges NATO not to provoke military tension in Asia-Pacific (Global Times)

NATO member states have been frequently deploying aircraft to the Asia-Pacific region but the region doesn’t welcome military bloc, major-power confrontation, or Cold War instigators, Chinese State Councilor and Foreign Minister Wang Yi said in a video meeting with NATO Secretary-General Jens Stoltenberg on Monday.

China urges NATO not to provoke military tension in Asia-Pacific – Global Times

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Asia Pacific China

China shows “stunning” potential for gas demand growth, says Gazprom CEO (TASS)

Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday.

He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format.

“The Chinese market is the most dynamic and fastest in terms of growth. Every year it simply stuns us with the growth rate of consumption and 2021 is no exception. In the first half of the year, the volume of natural gas consumption in China increased by 15.5%, and the volume of imports by 23.8%. This means that by the end of 2021the forecast estimates of consumption in China will amount to 360 billion cubic meters and the volume of imports will be 160 billion cubic meters, “Miller said.

He added that by 2035, China’s natural gas imports are seen at 300 billion cubic meters per year.

According to Miller, in general, gas consumption in the Asia-Pacific region is expected to grow by 1.5 trillion cubic meters by 2040. Moreover, 60% of this volume will be imported.

“For the Asia-Pacific region, it is very important to ensure that the energy balance of these countries is environmentally friendly. This means that natural gas should play a significant role in it because it is natural gas that is the cleanest, most reliable and accessible natural resource. It Most importantly, in terms of development of technological consumption, it is difficult to find an alternative to it,” Miller added.

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Uncategorized

Russia/Asia Pacific. Sustainable Energy—A Hidden Agenda of Russia’s 2021 Eastern Economic Forum (Sergey Sukhankin, The Jamestown Foundation)

The Sixth Eastern Economic Forum 2021 (EEF-2021), which convened delegations from 60 countries, took place on September 2–4, in Vladivostok, at the Far Eastern Federal University. A symbol of Russia’s “Pivot to Asia” strategy and its growing socio-economic, business, and cultural integration in the Asia-Pacific region, the EEF was inaugurated in 2015 by a special decree of Vladimir Putin (Valdaiclub.com, September 2).

Sustainable Energy—A Hidden Agenda of Russia’s 2021 Eastern Economic Forum – Jamestown

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Analysis

Asia Pacific/Financial Markets/Climate Change – Making Asia Pacific financial markets fit for climate change purpose (East Asia Forum)

Author: Editorial Board, ANU

Natural capital is an essential input into all economic activities but, as the enormous consequences of climate change and environmental degradation attest, it’s rarely properly valued. Natural capital is the tolerable temperatures, breathable air, drinkable water, healthy land, and the complex ecosystems that maintain them. By undervaluing the role that natural capital plays in economic activities, markets underestimate the risks from environmental damage to growth and human welfare.

Making Asia Pacific financial markets fit for climate change purpose | East Asia Forum

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Analysis

China/Asia Pacific – Confronting China’s Rise to Regional Dominance (The Chicago Council on Global Affairs)

The Chicago Council on Global Affairs writes: A panel of experts from the United States, Japan, and South Korea discuss a coordinated trilateral response to China’s growing power in the Asia-Pacific region.

go to The Chicago Council on Global Affairs: Confronting China’s Rise to Regional Dominance | Chicago Council on Global Affairs (thechicagocouncil.org)

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Analysis

(UK/Asia Pacific) UK to permanently deploy two warships in Asia Pacific (Al Jazeera)

Al Jazeera writes: Britain has announced that it will permanently deploy two warships in Asian waters after its Queen Elizabeth aircraft carrier and escort ships sail to Japan in September through seas where China is vying for influence with the United States and Japan. Plans for the high-profile visit by the carrier strike group come as the UK deepens security ties with Tokyo, which has expressed growing alarm in recent months over China’s territorial ambitions in the region, including Taiwan. 

go to Al Jazeera website: UK to permanently deploy two warships in Asia Pacific | Military News | Al Jazeera

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Analysis

(Asia Pacific) A new database tracks incursions and crackdowns on journalists’ capacity to report

OLIVIA PIRIE-GRIFFITHS writes for The Interpreter: The current Covid-19 pandemic has had an alarming impact on press freedom. Over the past 18 months, governments across the Asia–Pacific have – knowingly or not – used the health crisis to restrict the flow of information, stifling the press freedom that underpins societies and the rights of its citizens

go to The Interpreter website: Press freedom more important than ever in the Asia–Pacific | The Interpreter (lowyinstitute.org)

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Analysis

Asia Pacific – Harnessing the benefits of automation in the Asia Pacific (Yixiao Zhou, East Asia Forum)

Automation has grown quickly in the Asia Pacific, with the region catching up to Europe and North America in robot density. Significant diversity exists between countries, with high levels of robotics adoption in Japan, South Korea and, increasingly, China, but much lower levels in other economies, such as India and Indonesia. Automation can help maintain the international competitiveness of firms and combat the headwinds of ageing populations and slowing labour productivity growth.

Harnessing the benefits of automation in the Asia Pacific (eastasiaforum.org)

SoftBank's robot 'Pepper', is seen at First Bank branch as a concierge to welcome customers in Taipei, Taiwan, 6 October 2016 (Photo: Reuters/Tyrone Siu).

SoftBank’s robot ‘Pepper’, is seen at First Bank branch as a concierge to welcome customers in Taipei, Taiwan, 6 October 2016 (Photo: Reuters/Tyrone Siu)

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