Of Interest
you are currently viewing::Green Technologies: Decarbonizing Development in East Asia and PacificJune 2, 2025--East Asia is helping the rest of the world decarbonize and encouraging the domestic adoption of renewable energy. But there is an imbalance: Even as the region's innovation and investment improve global access to green technologies, the region's own emissions continue to grow, because of the reluctance to penalize carbon-intensive practices. The region has helped advance green tech development and diffusion Countries in the region, notably China, are contributing significantly to the development and global diffusion of green technologies. The division of labor and high levels of competition across countries in the region-such as Viet Nam in solar panels and Thailand in vehicle components-have led to significant reductions in costs. China and other EAP countries hold a large share of downstream segments of clean energy supply chains. As a global manufacturing hub, the region is uniquely positioned to harness the green transition to boost its own economic growth. Source: worldbank.org |
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