On December 20, 2021, the Global Strategic Dialogue 2021, an international webinar for the open global economy, was co-hosted by the Chinese Academy of Social Sciences and China Daily in Beijing.

Venkatachalam Anbumozhi, director of Research Strategy and Innovation at the Economic Research Institute for ASEAN and East Asia, said that in face of the dual challenges of global economic recovery and climate change, a framework for cooperation needs to be established to help countries meet their climate commitments.

He stressed that as countries in the Asia-Pacific are pursuing long-term, deep-decarbonized, recyclable and net-zero emission economies, it offers a unique opportunity to reintegrate environment, energy, trade and fiscal policies into macroeconomic plans and national budgets. To achieve the energy transition and net-zero emission goals, the Association of Southeast Asian Nations needs to develop a new type of partnership and conduct more international cooperation to reduce the costs of the energy transition.

"Both policymakers and the private sectors have the responsibility of following the principles of the market and fully tapping the potential of international cooperation to jointly reduce the costs of the green transition," he said.

Meng Zhen contributed to this story.