Japan is expected to lead the Asia-Pacific region in efforts to combat climate change, such as cutting carbon dioxide emissions, Hiroshi Matano of the World Bank Group’s Multilateral Investment Guarantee Agency said in a recent interview.
Matano, Executive Vice President of MIGA, which promotes cross-border investment in developing countries by providing guarantees such as political risk insurance and credit enhancement to investors and lenders, also expressed enthusiasm for mitigating risks through guarantees to promote investment in low-income countries and put them into a “growth cycle.”
Matano explained that there is still much room for emissions reductions in the Asia-Pacific region, a global growth area, and expressed the expectation that Japan will continue its historical reputation as a regional leader in efforts to combat climate change.
