In the midst of these challenges, green industrial policies are implemented throughout the Asia Pacific region in several active and coordinated ways.

India Green national hydrogen mission It aims to produce 5-10 million tons of green hydrogen annually by 2030 and to create the first “green steel” system in the world. By covering the entire value chain, this policy can become a global template, which turns the hard -to -in the steel sector, which is traditionally more than 7 percent of global carbon dioxide emissions.

China is implemented Action plan to save energy and reduce emissionsWhich targets highly used discounts for energy, CO2 via steel, cement and chemical manufacturing. The business plan will expand the emissions trading plan in China (ETS) to cover 60 percent of national emissions – including more than 8 billion tons of carbon from cement, steel and aluminum industries.

Japan Green transformation of ETS League (GX-ETS) It aims to achieve carbon neutrality in 2050. The carbon market has launched the GX-ETS and issued climate bonds worth $ 120 billion, and directing financing to green hydrogen, ammonia and carbon storage, with the aim of 3 million tons of clean hydrogen production by 2030.

ETS in South Korea covers the main industrial players and is now actively encouraged by carbon capture and use techniques (CCU).

Almost all Southeast Asian countries are developing environmental industry gardens where industries collect with joint access to renewable energy, infrastructure support, and improved supply chains to accelerate carbon removal.

The region aims to build the most green regional supply chains through cooperation within and through the border, especially through the link to aluminum and steel industries in Australia and benefit from China’s experience in clean technologies. Southeast Asian countries and their partners benefit from official dialogues and commercial frameworks (such as the comprehensive regional economic partnership, RCEP) to enhance the free flow of clean energy commodities and coordinate green industrial policy Best practices.

For more progress, the Asia Pacific region will benefit from adopting a multilateral approach, given that many policies have regional dimensions. This includes the implementation of transitional policies with clear and implemented goals, the creation of strong market mechanisms, the encouragement of industrial innovation, and the increase in investment in energy and infrastructure of the supply chain.

Other focus areas include financial skills and gaps, coordination of regional standards, and the introduction of a carbon account that controls trade and investment across borders that expand the cost of emissions. Finally, the Pacific Asia and the Pacific must use politics tools for green sectors and integrate environmental costs through taxes, credits and market measures.

These policies will require expansion of regional coordination mechanisms such as ASEAN and APEC (Asia and Economic Pacific cooperation) and UNIDO (United Nations Industrial Development Organization), other United Nations agencies, participation with international development institutions such as the Asian Development Bank), AIIB (AII-Easiannetture Bank), and the World Bank. The Asia and Pacific experience shows that pluralism and industrial policy are not in competition, but it enhances the beneficial structures and practices.

An urgent acceleration of regional arrangements, technology development and spreading, and infrastructure financing. Increasing the adoption of green industrial policies can help increase regional efforts. If Asia and the Pacific Ocean succeed, it will appoint a template for the world to follow up.

Dr. Marco Kamia is a senior colleague of ISEAS – Yusof Ishak Institute, and is the representative of the United Nations Industrial Development Organization (UNIDO) in Indonesia and Timur Leste in Jakarta.

This article was published for the first time in fulcrumISEAS – Yusof Ishak Institute Blogs.