Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment

The economic fallout from COVID-19 resulted in an economic slowdown and a contraction in economic output, changed economic structures, and reduced financial inflows in the five least developed countries (LDCs) of Asia – Bangladesh, Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, and Nepal...

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Autores principales:	Bishal Baniya, Damien Giurco
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	least developed countries covid-19 resource productivity greenhouse-gas emissions climate finance economic output Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/81db0e78f9b84b04b0a9b950c235558a
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spelling	oai:doaj.org-article:81db0e78f9b84b04b0a9b950c235558a2021-12-01T14:40:58ZResource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment1548-773310.1080/15487733.2021.2002025https://doaj.org/article/81db0e78f9b84b04b0a9b950c235558a2021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/15487733.2021.2002025https://doaj.org/toc/1548-7733The economic fallout from COVID-19 resulted in an economic slowdown and a contraction in economic output, changed economic structures, and reduced financial inflows in the five least developed countries (LDCs) of Asia – Bangladesh, Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, and Nepal. This policy brief discusses these impacts in light of the LDC-graduation procedures of the United Nations together with the challenges that these countries face meeting their nationally determined contributions (NDCs) and the environment-related Sustainable Development Goals (SDGs 7, 12, and 13). The economic slowdown in Bangladesh, Lao PDR, and Myanmar and a contraction in economic output in Cambodia and Nepal has increased poverty in the five LDCs and is putting pressure on biomass resources in the rural areas of these countries. The change in the structures of their economies, which threatens to reverse processes of economic modernization in these LDCs, is undermining two decades of progress regarding the efficient use of natural resources and the associated reduction in greenhouse-gas (GHG) emissions per unit of gross domestic product (GDP). A decline in financial inflows such as remittances, foreign direct investment, and official development assistance (ODA) is also a risk to both short- and long-term prospects of further investment in renewable energy generation and low GHG-emissions technologies. This policy brief suggests policies that target technical interventions and incentivize small-scale renewable energy technologies that are less susceptible to microeconomic and macroeconomic impacts from external shocks such as COVID-19.Bishal BaniyaDamien GiurcoTaylor & Francis Grouparticleleast developed countriescovid-19resource productivitygreenhouse-gas emissionsclimate financeeconomic outputSocial sciences (General)H1-99ENSustainability: Science, Practice, & Policy, Vol 17, Iss 1, Pp 404-413 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	least developed countries covid-19 resource productivity greenhouse-gas emissions climate finance economic output Social sciences (General) H1-99
spellingShingle	least developed countries covid-19 resource productivity greenhouse-gas emissions climate finance economic output Social sciences (General) H1-99 Bishal Baniya Damien Giurco Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment
description	The economic fallout from COVID-19 resulted in an economic slowdown and a contraction in economic output, changed economic structures, and reduced financial inflows in the five least developed countries (LDCs) of Asia – Bangladesh, Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, and Nepal. This policy brief discusses these impacts in light of the LDC-graduation procedures of the United Nations together with the challenges that these countries face meeting their nationally determined contributions (NDCs) and the environment-related Sustainable Development Goals (SDGs 7, 12, and 13). The economic slowdown in Bangladesh, Lao PDR, and Myanmar and a contraction in economic output in Cambodia and Nepal has increased poverty in the five LDCs and is putting pressure on biomass resources in the rural areas of these countries. The change in the structures of their economies, which threatens to reverse processes of economic modernization in these LDCs, is undermining two decades of progress regarding the efficient use of natural resources and the associated reduction in greenhouse-gas (GHG) emissions per unit of gross domestic product (GDP). A decline in financial inflows such as remittances, foreign direct investment, and official development assistance (ODA) is also a risk to both short- and long-term prospects of further investment in renewable energy generation and low GHG-emissions technologies. This policy brief suggests policies that target technical interventions and incentivize small-scale renewable energy technologies that are less susceptible to microeconomic and macroeconomic impacts from external shocks such as COVID-19.
format	article
author	Bishal Baniya Damien Giurco
author_facet	Bishal Baniya Damien Giurco
author_sort	Bishal Baniya
title	Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment
title_short	Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment
title_full	Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment
title_fullStr	Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment
title_full_unstemmed	Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment
title_sort	resource-efficient and renewable energy transition in the five least developed countries of asia: a post-covid-19 assessment
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/81db0e78f9b84b04b0a9b950c235558a
work_keys_str_mv	AT bishalbaniya resourceefficientandrenewableenergytransitioninthefiveleastdevelopedcountriesofasiaapostcovid19assessment AT damiengiurco resourceefficientandrenewableenergytransitioninthefiveleastdevelopedcountriesofasiaapostcovid19assessment
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Resource-efficient and renewable energy transition in the five least developed countries of Asia: a post-COVID-19 assessment

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