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Data: Study of 18 central banks and monetary authorities from the Asia-Pacific region conducted in Q2 2019; Chart: Axios Visuals

Most Asian central banks and other monetary facilities say finance into low-carbon areas is important — but most have also not issued any policies on the matter.

Why it matters: Asia is where the biggest growth and most future carbon emissions are coming from, so what monetary organizations there are doing — and not doing — will have an outsized impact on both climate change itself and the transition to cleaner energy sources.

How it works: The South East Asian Central Banks (SEACEN), a group based in Malaysia, sent a survey to its 35 members, associate members and observers, with 18 responding.

What they’re saying:

The current coronavirus crisis will hopefully reinforce the point that the financial sector faces non-traditional risks that need to be mitigated, and that central banks need to develop their prudential frameworks to this effect. We have already missed the opportunity to implement sustainable crisis responses during the 2008-09 crisis. We should not waste another crisis.”
— Ulrich Volz, co-author and expert on sustainable finance at SOAS University of London

What I'm watching: To what degree Asian countries, especially China, prioritize fossil fuels and/or cleaner energy technologies in any economic stimulus packages they consider.

Go deeper

Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

7 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.