ABSTRACT
Environmental regulatory systems are being strengthened in a majority of countries within the region. There is a variety of initiatives under way in many East Asian countries which use market-based instruments, information disclosure, public participation, clean-technology diffusion and other innovative policy approaches. Achieving clean shared growth depends on greening the new investment and technology choices of private business. There is considerable evidence that newer plant and equipment developed mostly within the Organisation for Economic Co-operation and Development (OECD) economies tends to be or can be made cleaner than existing plant and equipment. Since the majority of technology design and development remains centred with OECD economies, technology policy in the OECD will be crucial to clean shared growth in Asia and indeed around the world. Pollution intensity would fall as new, cleaner technology increased as a share of total capital stock.
