OECD rules won’t save Asian revenues or fund climate resilience. The upcoming UN Tax Convention negotiations offer our best chance to rebuild a broken system.
As climate risks become financial risks, investing in resilience is essential to protecting economic growth, attracting capital and securing Malaysia’s long-term prosperity.
Although the Tropical Forest Forever Facility (TFFF) that emerged from the last United Nations Climate Conference is unlikely to succeed, critically important global conservation efforts are not doomed.
The vast minority of middle-income countries graduate to high-income status. Past strategies that prioritised physical capital must give way to a quality of growth approach premised on investment in human and natural capital.