Bangkok Post
12 Apr 2008
At the climate-change conference in Bali in December, Lee Hsien Loong, Singapore's Prime Minister, made a telling point about how a new global strategy on climate change should work. He pointed out it needed to accommodate the particular interests of each economy because they all differ. This requirement applies in spades in Asia.
Research released last year by the Australian Apec Study Centre at Monash University in Melbourne shows why. It assessed the effect on different economies of the cut in world gross domestic product of 1% which was recommended by the British government economist, Sir Nicholas Stern, to meet the cost of reducing emissions. His report is the basis for calls by the European Union for countries to cut emissions by 60% by 2020.
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