1st Edition

Post-Pandemic Green Recovery in ASEAN

    286 Pages 53 B/W Illustrations
    by Routledge

    ASEAN’s real gross domestic product (GDP) had declined sharply due to the COVID-19 pandemic. The economic downturn and the uncertainty about the future reduced the new investments in green projects drastically. Besides this, many governments rolled back environmental regulations and taxes and increased fossil-fuel intensive infrastructure and electricity to stimulate economic growth. Post-Pandemic Green Recovery in ASEAN consists of several empirical studies using fresh data, with regional and country-level perspectives on ways to keep the greenness of the economic recovery plans.

    The chapters look at various aspects and sectors, including tourism, infrastructure, energy, small and medium enterprises (SMEs), employment, and livelihood, by assessing the effectiveness of various tools and instruments, including green finance, carbon taxation, green Sukuk, credit guarantee, cash transfer payment, power purchase agreements, and the related policies. They also provide practical policy recommendations useful for the ASEAN member states and other developing regions for the green recovery in the post-pandemic.

    Reiterating the importance of green and low-carbon mechanisms and climate change tackling policies besides the usual economic recovery strategies, this book is a precious resource for the researchers of economics, finance, ASEAN and Asian studies, and policymakers.

    Introduction. Section 1: Theoretical Background and Thematic Studies 1. Financing Small and Medium Enterprises for the Green Recovery in ASEAN, Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad and Han Phoumin 2. Carbon tax and the green recovery: Policy Implications from a general equilibrium model, Naoyuki Yoshino, Ehsan Rasoulinezhad, Farhad Taghizadeh-Hesary 3. Green Recovery of the Power Sector with Innovative Power Purchase Agreements, Farhad Taghizadeh-Hesary, Naoyuki Yoshino, Ehsan Rasoulinezhad, Cedric Rimaud Section 2: Regional Studies and Country Studies 4. Green Finance Policies to Accelerate the Economy Recovery in ASEAN Countries, Sakib Bin Amin, Farhad Taghizadeh-Hesary, Mahatab Kabir Khandaker, Juhi Jannat, Farhan Khan 5. An empirical assessment of ways to achieve a green economic recovery in the Post-Pandemic era in ASEAN, Ehsan Rasoulinezhad, Farhad Taghizadeh-Hesary 6. ASEAN’s Green Recovery and the Role of Green Stimulus in Job creation in a Post-COVID World, Dharish David, Sanjana Bernadette Williams 7. Role of green infrastructure in facilitating trade recovery in ASEAN, C. T. Vidya, Farhad Taghizadeh-Hesary 8. Perspective and Recommendations for the Green Recovery of the Tourism Sector in Thailand, Pairach Phiboonrungroj, Chukiat Chaiboonsri, Satawat Wannapan, Pichamon Songsang 9. The Post-Pandemic Green Economic Recovery, Livelihoods, and Adaptations in ASEAN, Phanhpakit Onphanhdala, Vanvisa Philavong 10. Exploring the Gastronomic Driving Factors of Tourism Demand to Foster the Green Economic Recovery in the Post-Pandemic Scenario, Pairach Phiboonrungroj, Chukiat Chaiboonsri, Satawat Wannapan, Banjapon Thongkhaw 11. Potential of and Challenges of the Green Sukuk for Financing the Green Economic Recovery in Indonesia, Marissa Malahayati, Lukytawati Anggraeni.


    Farhad Taghizadeh-Hesary is associate professor of economics at Tokai University in Japan. In addition, he is vice-president and co-founder of the International Society for Energy Transition Studies (ISETS). He is a recipient of the Excellent Young Researcher status from the Ministry of Education of Japan (MEXT). He is also a visiting professor at Keio University (Japan), the Technology Studies Institute (Iran), Chiang Mai University (Thailand), and a distinguished research fellow at the University of Economics Ho Chi Minh City (Vietnam). In 2022 he was listed on Clarivate's list of Highly Cited Researchers™ (World Top 0.1% of scientists). Currently, he serves as the editor-in-chief of the Journal of Environmental Assessment Policy and Management and as an associate editor/ board member of several scholarly journals. His research credits include authoring more than 250 academic journal papers and book chapters and editing 18 books published by Springer Nature, Routledge, World Scientific, and Asian Development Bank Institute. Dr Taghizadeh-Hesary holds a PhD in economics from Keio University with a scholarship from the government of Japan (MEXT).

    Nisit Panthamit is director of the Center of ASEAN Studies and associate professor of economics at the Faculty of Economics, Chiang Mai University in Thailand. He is also an academic advisory board member of the National Economic and Social Development Board for the National Strategy Plan 20-Years of Thailand. He has published on a wide range of topics, including international economics, ASEAN studies, and regional integration, in prestigious journals, including Finance Research Letters, Sustainability, Journal of Economic Integration, and Emerging Markets Finance and Trade. He earned a PhD in economics from the University of Wisconsin-Milwaukee, USA, in 2002 and an MA from Chiang Mai University, in 1994. He is coeditor of the book titled Poverty Reduction for Inclusive Sustainable Growth in Developing Asia (Springer, 2021).

    Naoyuki Yoshino is professor emeritus of Keio University in Tokyo, Japan, and director of the Financial Research Center (FSA Institute, Government of Japan). He obtained a PhD from Johns Hopkins University in 1979, where his thesis supervisor was Sir Alan Walters (the United Kingdom's former Prime Minister Margaret Thatcher’s economic adviser). He worked as an assistant professor at the State University of New York at Buffalo, visiting scholar at the Massachusetts Institute of Technology (United States), visiting scholar at the Central Bank of Japan, and visiting professor at the University of New South Wales ( Australia), and Fondation Nationale des Sciences Politiques (France). He was the dean and CEO of the Asian Development Bank Institute in Tokyo (2014–2020). Dr Yoshino received honorary doctorates from the University of Gothenburg (Sweden) and Martin Luther University of Halle-Wittenberg (Germany). He was also conferred the Fukuzawa award from Keio University for his contribution to research.

    Han Phoumin is senior energy economist with the Economic Research Institute for ASEAN and East Asia. He has more than 20 years of experience working at various international and intergovernmental organizations and multidisciplinary research consortia related to the energy market and technologies, environment, integrated water resource management, governance, and economic development in the region of the Association of Southeast Asian Nations and East Asia. He specializes in economic development and policy and applied econometrics. Over the past ten years, much of his career has involved the power sector, incredibly sustainable hydropower development, renewable energy research, energy efficiency, clean coal technology, energy security, and energy demand and supply forecasting.