The World Bank has made a volte-face on industrial policy. Southeast Asian countries will need to consider the new policy, but calibrate it across vastly different national contexts.
Even as political denial and regulatory paralysis grip parts of the West, a different message has been resounding across Asia – it is not retreating, but rising to the occasion.
The political and regulatory upheaval in the EU and the US has made it an uncertain year for climate finance. Has the world seen progress in meeting the US$300 billion climate finance pledge made at the COP29 climate summit?