3. Asia-Pacific Economic Cooperation (APEC) Low Carbon Future: Policies for Sustainable, Inclusive and Just Transition

The Asia-Pacific Economic Cooperation (APEC) is engaged with new strategies to ensure a sustainable, inclusive and low-carbon growth. The aim of this chapter is to highlight the goals related to sustainability that could be advanced by the use of market instruments, but also by a regulatory framework and public, private and social cooperation that promotes innovation in business, as well as sociocultural changes. Firstly, we explore the need for a just transition towards a low-carbon economy in the post-COVID-19 era that leads to more sustainable productive and lifestyle practices in a context of just transition and inclusion. Secondly, we present the main objectives of the Putrajaya Vision of APEC and the Aoteroa Plan for its implementation. The third section explores the APEC strategy to foster the development of sustainable and innovative micro, small, and medium enterprises (MSMEs). Some reflections are offered regarding the relevance that public-private partnership and an effective and inclusive regulatory framework will have in promoting the economic recovery of the Asia Pacific.