As 2018 chair of Asean, Singapore is ideally placed to prioritise climate change on Asean's agenda. After all, among the world's 10 countries most affected by climate change, four - Myanmar, the Philippines, Thailand and Vietnam - are Asean members. And for Singapore to advance the regional agenda on climate action would be fitting in view of the twin themes of Asean 2018: resilience and innovation.
The World Economic Forum ranks climate change as the top global threat to prosperity.
But most businesses worldwide are not operating as if global warming is a major economic and financial threat, even in highly exposed South-east Asia. This must change: businesses and governments need to build stronger resilience and better coping capacities to confront global warming. As a regional response, Asean as an organisation can do a great deal to help lead the charge.
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