Unlocking Climate Finance in Asia-Pacific - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Unlocking Climate Finance in Asia-Pacific write by Cheng Hoon Lim. This book was released on 2024-01-29. Unlocking Climate Finance in Asia-Pacific available in PDF, EPUB and Kindle. The transition to a sustainable future in the Asia-Pacific region has global economic significance. Despite driving global growth in recent years, the region's heavy coal reliance led to significant greenhouse gas emissions. Meeting climate mitigation and adaptation needs in emerging and developing Asia requires investment of at least $1.1 trillion annually. Actual investment falls short by about $800 billion. Asia-Pacific’s environmental performance has also hampered its ability to tap into private flows from the fast-growing ESG asset class, keeping the cost of issuing sustainable debt instruments relatively high compared to other regions. This paper provides an overview of the climate finance ecosystem in countries in the Asia-Pacific region and presents strategies to mobilize climate finance for the region’s transition to a sustainable future. The paper identifies challenges, including gaps in the climate information architecture, policy conflicts, global complexities, and emphasizes the need for coordinated action involving governments, central banks, financial supervisors, the IMF, and other multilateral institutions. In particular, • Governments need to establish a well-defined climate strategy with strong institutional oversight and coordination to strengthen the framework on data, taxonomies, and disclosures. Fossil fuel subsidies should be phased out and carbon pricing schemes expanded to create fiscal space for sustainable investments. Strengthening macroeconomic management is essential to attract private capital. • Financial supervisors and central banks should coordinate across jurisdictions to promote global, interoperable disclosure standards, enhance climate risk analysis and reporting, and incorporate climate-related financial risks into prudential frameworks. Developing climate labels for sustainable investment funds and shifting the focus of ESG scores to better capture sustainability and climate impact would foster trust in the evaluations. The IMF can drive climate action by integrating discussions in surveillance activities and strengthening data and statistics—including through capacity building and peer learning—to develop common standards around climate risk measurement and analysis. The Resilience and Sustainability Trust could contribute to reducing financing gaps through its catalytic and reform supporting functions, while multilateral development banks could scale up grant financing and concessional lending, and where appropriate adopt risk-mitigating mechanisms to expand lending capacity. Cooperation among multilateral institutions is essential to align efforts and resources to achieve a balanced allocation between mitigation and adaptation lending.
Climate Finance Landscape of Asia and the Pacific
Climate Finance Landscape of Asia and the Pacific - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Climate Finance Landscape of Asia and the Pacific write by Asian Development Bank. This book was released on 2023-08-01. Climate Finance Landscape of Asia and the Pacific available in PDF, EPUB and Kindle. This report assesses climate finance in Asia and the Pacific and analyzes how it can be harnessed by developing member countries to expand climate action and spur low-carbon, resilient growth. Designed to help governments and development partners identify and address barriers, it offers a subregional breakdown and underscores the need for equitable access to funds to help countries meet their climate targets. It assesses financing gaps, considers how to increase investment, and outlines ways to scale up climate finance so that it reaches the countries and sectors that need it most.
Unlocking Islamic Climate Finance
Unlocking Islamic Climate Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Unlocking Islamic Climate Finance write by Asian Development Bank. This book was released on 2022-12-01. Unlocking Islamic Climate Finance available in PDF, EPUB and Kindle. This report analyzes how Islamic finance can be scaled up to help build urgently-needed climate-resilient infrastructure in Asia and the Pacific region, and ensure its post-COVID-19 recovery is green, sustainable, and inclusive. It outlines how greening Islamic capital markets and social finance, mobilizing project finance for infrastructure and boosting financial inclusion, can play a key role in funding the climate agenda. It details the 14 ADB developing member countries with majority Muslim populations, assesses the growth of the nearly $3 trillion global Islamic finance market, and explores how its faith-based principles support the transition to a green agenda.
Unlocking Access to Climate Finance for Pacific Island Countries
Unlocking Access to Climate Finance for Pacific Island Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Unlocking Access to Climate Finance for Pacific Island Countries write by Ms. Manal Fouad. This book was released on 2021-09-24. Unlocking Access to Climate Finance for Pacific Island Countries available in PDF, EPUB and Kindle. This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.
Making Money Work
Making Money Work - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Making Money Work write by Asian Development Bank. This book was released on 2015-07-01. Making Money Work available in PDF, EPUB and Kindle. The new sustainable development agenda is expected to touch every country, person, and activity. Therefore, shouldn't every dollar count toward achieving it? Asia and the Pacific, home to more than half of humanity, has the money to improve the lives of all its people, and protect the planet in fair and durable ways. However, funds are in many hands, invested elsewhere, or used for various purposes. It is time to move beyond this fragmentation and align finance behind sustainable development, recognizing that while capital will be key, so will the capacity to apply and attract it effectively. This report explores some of the ways forward. It highlights not just the need to inject more money into investments that contribute to sustainable development, but also the need to attract funds toward them---to finance human needs, infrastructure, and cross-border public goods. The report spans public and private options, in their distinct roles and in combination. An eight-point agenda suggests how key constituents can do their parts. Working together, they can make money work for development where benefits are not only more equitably shared, but will last for generations to come.
