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Climate Change

Net-zero transition benefits outweigh costs fivefold in Asia: ADB

Fast action, global coordination will help ease change to renewable energy

The smog-shrouded India Gate in New Delhi in 2022. India and China are Asia's largest emitters of greenhouse gases.   © AP

TOKYO -- The benefits of transitioning to net-zero greenhouse gas emissions would outweigh the costs fivefold for countries in developing Asia if effective policies are implemented, the Asian Development Bank (ADB) said in a report published on Thursday.

"We really have to start now with more ambitious decarbonization, and along with that, we need more international cooperation," Manisha Pradhananga, ADB economist and one of the report's authors, told Nikkei Asia.

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