CCDRs in East Asia and Pacific: Highlights from Five Countries

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00:03 Climate change poses major challenges to human development,

00:07 environmental health,

00:08 and economic growth in East Asia and the Pacific.

00:11 The region is home to some of the most

00:13 vulnerable countries in the world to extreme weather events.

00:17 Impacts such as sea level rise pose an existential threat

00:20 to the many small island countries in the region.

00:23 Without concerted adaptation and mitigation efforts,

00:26 millions of people could fall into poverty as a result

00:29 of climate impacts by the end of the decade.

00:33 East Asia and Pacific is also critical to global efforts to combat climate change.

00:38 As the region develops,

00:40 energy demand continues to grow,

00:42 and so will greenhouse gas emissions,

00:44 unless the transition to greener energy can keep pace.

00:47 To help the countries of East Asia and Pacific prioritize the

00:50 most impactful climate actions while also delivering on development goals,

00:54 the World Bank has issued 5 country climate and development reports,

00:58 CCDRs in the region,

01:00 Cambodia,

01:01 China,

01:02 Indonesia,

01:03 Philippines,

01:04 and Vietnam.

01:05 They identify pathways to reduce greenhouse

01:08 gas emissions and climate vulnerabilities,

01:11 offer concrete priority actions

01:13 to support transition to a low carbon,

01:15 resilient economy,

01:17 while protecting natural resources and biodiversity.

01:22 In Cambodia,

01:23 the CCDR identifies 3 priorities to achieve its development ambition

01:28 in a way that reduces emissions and promotes resilience.

01:31 First,

01:32 reduce exposure and vulnerability to climate change impacts.

01:36 Second,

01:37 realign the emissions trajectory.

01:39 And third,

01:40 reorient the economy to seize new opportunities from green trade,

01:45 investment,

01:45 and technological progress.

01:51 China plays a critical role in global efforts to combat climate change,

01:55 with an urgent need to reduce its emissions

01:58 and the exposure of its population and infrastructure to climate risks.

02:02 The China CCDR shows that the country

02:04 is well positioned to meet its climate commitments

02:07 and transition to a greener economy

02:10 while meeting its development goals

02:12 with advanced technological capabilities

02:14 that open new source of growth,

02:16 innovation and job creation

02:18 as it pursues carbon neutrality.

02:23 Indonesia's abundant land and energy resources drive its emissions profile.

02:29 The CCDR illustrates how the country can ensure an affordable transition

02:33 to a low carbon and climate resilient economy

02:36 through complementing policies in the energy.

02:39 Land and forests and economic sectors,

02:41 as well as adaptation efforts.

02:44 These policies include continuing large scale

02:46 investments in the forest restoration and

02:48 conservation programs and assisting firms and

02:51 financial sector grab green investment opportunities.

02:56 In the Philippines,

02:58 climate change is exacting a heavy toll on Filipinos' lives,

03:01 properties,

03:02 and livelihoods.

03:04 The CCDR points to options to address the climate crisis,

03:08 including acting to reduce vulnerability through better flood management,

03:12 climate-proofing critical infrastructure,

03:14 and strengthening social protection systems

03:17 to be prepared for both extreme and slow onset climate events.

03:23 Vietnam's 100 million people are among the most

03:25 vulnerable in the world to climate impacts,

03:28 facing hazards along the country's 3260 kilometer long coastline

03:33 and extensive low lying regions.

03:36 Vietnam can achieve its development

03:38 goals while fulfilling its climate commitments

03:41 by adapting to climate impacts

03:43 and pursuing growth that steers away from carbon intensive production.

03:46 East Asia and Pacific is one of the most economically vibrant regions of the world

03:51 and also one of the most climate exposed.

03:54 The World Bank CCDRs are providing countries of

03:57 the region rigorous analysis and specific policy options

04:01 to adapt to a changing climate,

04:03 while achieving development aspirations.

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transcript

Climate change poses major challenges to human development, environmental health, and economic growth in East Asia and the Pacific. The region is home to some of the most vulnerable countries in the world to extreme weather events. Impacts such as sea level rise pose an existential threat to the many small island countries in the region. Without concerted adaptation and mitigation efforts, millions of people could fall into poverty as a result of climate impacts by the end of the decade. East Asia and Pacific is also critical to global efforts to combat climate change. As the region develops, energy demand continues to grow, and so will greenhouse gas emissions, unless the transition to greener energy can keep pace. To help the countries of East Asia and Pacific prioritize the most impactful climate actions while also delivering on development goals, the World Bank has issued 5 country climate and development reports, CCDRs in the region, Cambodia, China, Indonesia, Philippines, and Vietnam. They identify pathways to reduce greenhouse gas emissions and climate vulnerabilities, offer concrete priority actions to support transition to a low carbon, resilient economy, while protecting natural resources and biodiversity. In Cambodia, the CCDR identifies 3 priorities to achieve its development ambition in a way that reduces emissions and promotes resilience. First, reduce exposure and vulnerability to climate change impacts. Second, realign the emissions trajectory. And third, reorient the economy to seize new opportunities from green trade, investment, and technological progress. China plays a critical role in global efforts to combat climate change, with an urgent need to reduce its emissions and the exposure of its population and infrastructure to climate risks. The China CCDR shows that the country is well positioned to meet its climate commitments and transition to a greener economy while meeting its development goals with advanced technological capabilities that open new source of growth, innovation and job creation as it pursues carbon neutrality. Indonesia's abundant land and energy resources drive its emissions profile. The CCDR illustrates how the country can ensure an affordable transition to a low carbon and climate resilient economy through complementing policies in the energy. Land and forests and economic sectors, as well as adaptation efforts. These policies include continuing large scale investments in the forest restoration and conservation programs and assisting firms and financial sector grab green investment opportunities. In the Philippines, climate change is exacting a heavy toll on Filipinos' lives, properties, and livelihoods. The CCDR points to options to address the climate crisis, including acting to reduce vulnerability through better flood management, climate-proofing critical infrastructure, and strengthening social protection systems to be prepared for both extreme and slow onset climate events. Vietnam's 100 million people are among the most vulnerable in the world to climate impacts, facing hazards along the country's 3260 kilometer long coastline and extensive low lying regions. Vietnam can achieve its development goals while fulfilling its climate commitments by adapting to climate impacts and pursuing growth that steers away from carbon intensive production. East Asia and Pacific is one of the most economically vibrant regions of the world and also one of the most climate exposed. The World Bank CCDRs are providing countries of the region rigorous analysis and specific policy options to adapt to a changing climate, while achieving development aspirations.

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