Natural capital has been a key contributor to the Greater Mekong Subregion’s rapid economic growth over the past 3 decades or so, but key natural capital stocks are in a state of decline.
The Greater Mekong Subregion Urban Development Strategic Framework, 2012–2022, sets out a broad framework to encourage and facilitate a coordinated approach to the development of urban areas throughout the GMS.
Timely availability of information, data, and indicators at the country and project levels allows for the measurement of progress – the achievement of policy objectives, as well as impacts and outcomes of target-driven projects.
The Greater Mekong Subregion Transport and Trade Facilitation Action Program (TTF-AP) is an integrated program of advisory support and capacity building focused on enhancing cross-border transport and trade in the subregion.
Strategic environmental assessments may be used to compare different energy scenarios, and a more sustainable power plan can be developed by incorporating the wider impacts considered during the assessment process.
Sustainable development encompasses environment, social, and economic dimensions and a wide range of possible indicators could measure the changes in the degree of protection against danger, damage, or loss.
Greater gains in energy savings are possible from improved energy efficiency and conservation measures, both as a smart business investment, and an imperative for the global community.
Renewable energy is a challenge, but also an opportunity for new industries, employment, and new ways to reduce dependency on fuel imports, provide electricity to poor remote areas, reduce air pollution, and provide a healthier environment.
Investments in renewable energy and energy efficiency generate benefits to society as a whole that cannot be fully reflected in investment returns, leading thereby to underinvestment by the private sector.
The GMS Program, with the support of ADB and other development partners, helps identify and implement high-priority subregional projects in a wide range of sectors.