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illuminem summarizes for you the essential news of the day. Read the full piece on Nikkei Asia or enjoy below:
🗞️ Driving the news: Southeast Asia is set to adopt Japan's greenhouse gas emission reporting system, following an agreement by the Asia Zero Emission Community (AZEC) leaders
• This decision will be formalized during an ASEAN summit in Laos
🔭 The context: Japan's emission reporting system has been praised for its transparency and accuracy
• By adopting this system, Southeast Asian countries aim to harmonize their climate action efforts and promote business cooperation with Japan, particularly in green technology
🌍 Why it matters for the planet: Standardized emission reporting will help track and reduce greenhouse gas emissions across Southeast Asia, enhancing the region's climate commitments and supporting global emission reduction goals
⏭️ What's next: The adoption of Japan’s system could drive further collaboration between Japan and Southeast Asia on renewable energy projects and climate-friendly business practices, boosting the region’s green economy
💬 One quote: Former Prime Minister Fumio Kishida emphasized at the AZEC summit that “Japan’s system will lead the way in supporting transparent, accurate emission reductions.”
📈 One stat: Southeast Asia's greenhouse gas emissions increased by 5% annually between 2010 and 2020, driven by industrial growth and deforestation
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