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Pacific Currents

Pacific Currents is a discussion forum on Asia-Pacific economic issues. We welcome submissions from all stakeholders including academics, researchers, thought-leaders, civil society, business leaders; and other policy experts. Submissions should cover issues related to economic policy and integration in the region. Articles should be written for a general audience and not technical but should have a foundation in objective policy analysis. Articles should also conform with PECC nomenclature - if you are not familiar, the editor will provide you with appropriate guidelines. Acceptance of articles is entirely at the discretion of the Editor. Articles should be in an op-ed format of around 1000 words but longer submissions are also occasionally accepted. Submissions are done in the name of the author and represent their individual opinions and not those of the institutions that they work for. To submit an article, please send in Word format to:

Climate change in the SOTR

Christopher Findlay, Tilak Doshi, and Eduardo Pedrosa 

In this commentary, we report and summarise some key results from the PECC SOTR report with respect to climate change, and we link those results to some of the outcomes in Glasgow from COP26. The latter is not a comprehensive coverage but rather those items highlighted in the SOTR.

The surveys of opinion leaders in the APEC region attached to the SOTR often pick up significant swings in opinion.

This year, one of the big shocks related to climate change.

The perception of climate change as a risk to growth has shot up in 2021, by 20 points (43 percent of respondents said climate change was a serious risk to growth, compared to 24% last year), almost doubling, and after being steady for the previous reports.

There are no greater instances of a shift of this magnitude in the history of the SOTR.

The views of the PECC respondents certainly align with the tenor of reporting of event and the text of the Pact from Glasgow. The latter refers to the urgency of enhancing ambition with respect to a response to rising global temperatures.

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