While attending the 2024 ASEAN-Indo Pacific Special Forum (AIPF) here on Friday, VP Amin highlighted the importance of accelerating the transition to an environmentally friendly economy in the region, especially amid the slowing global economic growth.
"ASEAN needs to integrate innovation in the environment sector with digital transformation to support sustainable investment and finance, as well as improve energy transition through clean technology and renewable energy," Amin stated.
According to Amin, investments in sectors that are supportive of environmental sustainability in ASEAN have increased in recent years.
He noted that green investment in ASEAN was recorded at US$6.3 billion in 2023. To this end, VP Amin has encouraged green investment to support the achievement of ASEAN's energy transition goals by 2030.
Moreover, he assessed that the Indo-Pacific is a strategic region that can lead the global economy, as several countries are experiencing rapid economic growth.
He affirmed that the region contributes over 60 percent to the world's gross domestic product (GDP) and is a trading hub of nearly half of the global international trade.
To that end, Amin underscored the need for the ASEAN to play a central role in maintaining stability and driving regional and global growth.
He noted that the ASEAN has also proven to be resilient and adaptive amid global economic uncertainty.
While concluding his remarks, VP Amin called on the government and the private sector to strengthen their synergy. He also lauded the business community's initiative to launch the ASEAN-Indo-Pacific Business Network (AIPBN).
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Translator: Mentari G, Kenzu
Editor: Azis Kurmala
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