Green finance, digitalization vital for Asia after COVID: report

U.K. think tank warns of 'middle-income trap' if challenges not addressed

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A solar power plant in China's Shandong Province: Asia House says emerging economies need "unprecedented investment for energy transitions" away from fossil fuels. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- Emerging Asia is expected to be the world's fastest-growing regional economy in 2022, as it begins to shake off the impact of COVID-19. But a U.K. think tank says the region still needs effective policies to promote green finance and fill digital gaps if it is to spur development.

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