The Era of Polycrisis: Navigating the Complex Intersection of Global Challenges

The world is currently facing a unique and unprecedented crisis, one that defies easy categorization and challenges our ability to address global issues comprehensively. The term "polycrisis" has emerged to describe the convergence of multiple global challenges, such as the climate crisis, the lingering effects of the COVID-19 pandemic, and the geopolitical ramifications of the Russian invasion of Ukraine in early 2022. These crises have come together, creating a "perfect storm" that poses significant threats to the Sustainable Development Goals (SDGs) and the well-being of people worldwide.

Challenges Faced by Small and Medium Enterprises (SMEs) in Adhering to Climate-Related Regulations in Asia

Introduction

The issue of climate change has become increasingly urgent, and its impact on the Asian continent is particularly pronounced. Extreme weather events are occurring with alarming frequency, raising concerns about the effects of climate change on both human rights and economic growth. According to the "CORPORATE ACCOUNTABILITY AND CLIMATE CHANGE" white paper by Asia in Focus, experts predict a 48% probability of global temperatures rising by 1.5 degrees Celsius above pre-industrial levels by 2026. These changes not only demand immediate attention but also call for a collective effort to mitigate climate change and its consequences.

Climate Change in Asia

Asia has been a significant contributor to the world's carbon emissions over the last two decades, primarily driven by the rapid expansion of its industrial sector. In contrast, the rest of the world has seen a slight decrease in emissions during the same period. This makes Asia not only a major greenhouse gas emitter but also one of the most vulnerable regions to the impacts of climate change. Rising sea levels, extreme heatwaves, typhoons, and droughts pose serious risks to Asia's densely populated urban centers.