# ASEAN+3 Climate Initiatives

- Link: https://www.thailand-business-news.com/opinion/156975-asean3-climate-initiatives
- Published: 2024-08-18T11:02:41+07:00
- Author: News Desk

**ASEAN+3 economies are mitigating climate change under the Paris Agreement by tracking
commitments, national roadmaps, financing needs, and enhancing financial system 
resilience to climate risks, using international benchmarks.**

## Meeting Climate Commitments

ASEAN+3 economies are actively contributing to the global climate initiative under
the Paris Agreement of 2015 to mitigate climate change risks caused by global warming.
AMRO staff has compiled a comprehensive database to track the region’s climate commitments.
This resource outlines respective national roadmaps and frameworks designed to fulfill
these commitments and estimates the necessary financing requirements.

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## Strengthening Financial Systems

The database also catalogues the development of guidelines and regulations aimed
at increasing the resilience of ASEAN+3 financial systems to climate-related risks.
Another major focus is scaling up financing for the low-carbon transition. These
efforts are crucial for creating a more sustainable and resilient economic structure
in the region, capable of withstanding and adapting to climate challenges.

## Learning from Advanced Economies

In addition to regional data, the database includes climate-related initiatives 
from advanced economies such as the European Union and the United States. Guidelines
issued by international standard-setting bodies are also presented as benchmark 
references. These benchmarks serve as valuable examples for ASEAN+3 economies in
their journey toward a greener, low-carbon future.

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Source: [ASEAN+3 Macroeconomic Research Office ](https://amro-asia.org/asean3-climate-initiatives/)