Why global warming could make or break south-east Asia

by Nicholas Stern and Haruhiko Kuroda

In the middle of this financial crisis there is a debate taking place over whether governments can afford both massive tax-funded spending programmes needed to revive ailing economies, and the emissions cuts that are needed to combat climate change.

Few regions on Earth throw this tension into sharper contrast than south-east Asia, where many nations are highly vulnerable to the effects of global warming while also having the chance to develop low-carbon economies.

The plain truth is that nations can no longer afford to delay action on climate change, even temporarily, and such spending can serve as effective fiscal stimulus. Despite the global economic downturn the world is still warming. A major new report from the Asian Development Bank