The Pragmatism of Progress Rahul Ghosh, Moody's global head of sustainable finance and emerging markets, has a stark assessment of Asia's approach to climate change.
He describes the region as embracing a "pragmatic transition," one that prioritizes energy security, supply chain resilience, and economic affordability over idealistic promises.
This shift away from multilateralism and towards individual nation state goals is not just a response to the current energy crisis; it's also a recognition of Asia's complex realities.