Citing estimates, former central banker Ravi Menon says a carbon price of just US$20 per tonne could halve Southeast Asia's deforestation rate. At the Unlocking capital for sustainability 2024 summit, he cautioned that Asia cannot compromise on emissions cuts even as it pursues growth. The loss of carbon sinks has "serious implications".
The development of Indonesia’s new capital city on the island of Borneo has resulted in clearing of mangrove forests that are home to threatened wildlife such as proboscis monkeys and Irrawaddy dolphins.