'Green' investments to create up to 30 million jobs in Southeast Asia by 2030: ADB

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Economies in Southeast Asia including the Philippines can create up to 30 million new jobs through 2030 if they invest more in green growth opportunities, according to the Asian Development Bank.

ADB said in a report that countries in the region should pursue "green opportunities in agriculture, oceans, urban and transport systems, circular economy practices, and clean energy" which the bank said has the potential to create 30 million jobs.

He said, around $1.7 trillion of economic gains can be unlocked in the region by fast-tracking digitalization as well as generate 65 million new jobs. An IMF study shows, with a $75 per ton carbon tax, the Philippines could lessen carbon emissions by up to 30 percent, placing it near its 2020 pledge to lower emissions by about 35 percent.

 

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