As a new administration takes over in Washington, countries in Asia are watching closely to see if the United States can stabilize its democratic institutions, contain COVID-19 and stay engaged and competitive on the global stage.
This week, Justin Wu (BloombergNEF) and Lachlan Carey (CSIS) take a tour of all things climate and energy related across Asia. They start with the outlook for U.S.-China relations on climate under the Biden Administration, consider the recent carbon neutral targets announced by Japan and Korea, move to the Covid recovery efforts and clean energy agenda in Vietnam, Indonesia, and India, and finally take a look at Australia and its technology-forward climate policy.
Kaoru Natsuda, Ritsumeikan Asia Pacific University
While President Donald Trump’s Asia policy was not a central issue in the 2020 US presidential election, it had a huge impact on the American economy and security during his term as well as on Washington’s relations with countries in the region. President-elect Joe Biden will need to decide whether to tilt back toward Asia to balance China or leave Asia to China.
Whoever Joe Biden puts into key positions, best they make quick studies on regional dynamics.
In this episode of COVIDcast, Sam Roggeveen, Director of the Lowy Institute’s International Security Program, sits down with the two leading researchers behind the Lowy Institute’s 2020 Asia Power Index, Hervé Lemahieu, Director of the Power and Diplomacy Program, and Alyssa Leng, Research Associate in the Power and Diplomacy Program.
Developing Asia is on course to contract this year, but probably less than previously thought as China’s economy enjoys a faster than expected recovery, the Asian Development Bank (ADB) said on Thursday.
Economic growth in developing Asia, a group of 45 nations in the Asia-Pacific, is expected to shrink 0.4 percent this year, the ADB said in an update to September’s Asian Development Outlook report, short of its earlier estimate for a 0.7 percent decline. For 2021, the region is forecast to grow 6.8 percent, the bank said.