ADB Publications’ Post

As the world navigates unprecedented environmental challenges, public financial institutions can further the objectives of the international accords designed to mitigate climate change. Our recent publication explores how green investment banks can mobilize capital and provide financing to help developing countries close the climate investment gap and support a just transition. Download the full publication here: https://ow.ly/rQMw50SwJgp

Interesting view on climate banks and decarbonizing in Asia! Great read - report on Green Investment Banks from the Asian Development Bank (ADB) Several GIB-like entities in Asia include Malaysia’s Green Technology Financing Scheme, Japan’s Green Fund, and (METI) Green Innovation Fund. Japan invested two trillion yen in The Green Fund to reach extraordinary goals for carbon neutrality/ zero GHG emissions by 2050. The Fund backed several viable projects accelerating a more sustainable future for Japan. Inviting the private sector to finance R&D and create long-term, continuous support for social implementation with regional communities: a solar photovoltaic power generation business in Niigata, early-stage investments in hot springs and geothermal power start-ups in Kyushu, and a small hydro plant in Okayama - generating progress towards a low-carbon sustainability goal for 40% electricity use through hydroelectric. Bright spots: 🌿 Transforming existing public development banks into GIBs or establishing new ones can accelerate the green transition, enhancing 2030 SGD goals 🌿 GIBs play a crucial role in providing long-term, affordable financing for low-carbon and climate-resilient projects 🌿 GIBs are decreasing the debt-to-equity ratio by facilitating loan financing as well as supporting the deployment of new clean technologies in the green economy 🌿 Intervention by GIBs could include risk-mitigating credit enhancement, adoption of repayment mechanisms, and increased capital flow to reduce transaction costs #netzerotransition #GIB #climatebanks #greeneconomy

We are excited to announce that we have signed the 2024 Global Investor Statement to Governments on the Climate Crisis. Ahead of #COP29, we join hundreds of investors in urging governments to take five essential policy actions to drive private capital towards a climate-resilient, nature-positive economy, which we believe can mitigate long-term financial risks. Learn more about our #climatepolicy asks here: https://lnkd.in/g5x6RgCx #GlobalInvestorStatement

Happy to share that we signed on to this global statement urging governments to take action against the climate crisis! 🌏 Now, more than ever, it's important to signal that addressing climate and nature-related risks is crucial for the sustainable future of people and the planet, on which our financial systems ultimately relies. #sustainablefinance #climatechange #ESG #COP29

🌍 Investing in Our Planet's Future 🌱 The UN-backed Independent High-Level Expert Group on Climate Finance has released a critical report highlighting the financial roadmap to meet global climate targets: 🔸 $1.3 trillion per year needs to be directed to developing countries by the 2030s. 🔸 $6.5 trillion annually in climate investments is required by 2030 to hit key milestones. These funds are essential to support: ✅ Public investments for adaptation and resilience. ✅ Private sector financing for clean energy transitions. However, the path forward requires wealthier nations to meet their financial commitments. It's not just a moral obligation but a necessity to ensure a sustainable future for all. 💬 How do you see global collaboration evolving to bridge this gap in climate finance? #ClimateFinance #Sustainability #ClimateAction more details in the article https://lnkd.in/dravAc8m

Tax credits can reduce costs for private investment, incentivizing more buy-in for climate projects! 📽 Learn about how tax credits can help governments finance their #NDCs from World Resources Institute’s Director of the US Clean Energy Economy Program Devashree Saha and the head of ECLAC's climate change economics unit Santiago Lorenzo. Visit our #PayingforParis Resource Hub to learn about the tools available to governments looking to fund their national climate commitments: https://bit.ly/3FGuwta #ClimateFinance #ClimateAction #COP29

The new draft texts from the COP29 presidency, including on climate finance, have landed. The NCQG text: - Calls on all actors to work together to enable the scaling up of financing to developing country Parties for climate action from all public and private sources to at least USD 1.3 trillion per year (the figure sought by developing countries) by 2035; - Specifies USD 250 billion per year by 2035 for developing country Parties for climate action with developed countries 'taking the lead' - Says finance will comes from 'a wide variety of sources, public and private, bilateral and multilateral, including alternative sources'; - Invites developing country Parties (read China etc) to make additional contributions, including through South–South cooperation, to or supplementing, the goal of USD250bn You can find the NCQG and other texts here: https://lnkd.in/gAGuG6ef

Watching advertising and reading corporate's reports, I am sure all of the kind readers of #thehappycfo guess that a lot has been done to curb CO2 emissions, the main reason of climate change. I have to share that according to the article attacched: "Yet last year, the world's energy-related CO2 emissions increased to a record high. Current commitments to fight climate change would barely cut global emissions at all by 2030." How is it possible? On one side we receive reassurences from the corporate world on the other CO2 increases. Maybe not everybody wants to share the truth. Another interesting news is that the wealthies in the world are building rockets to fly to the Moon or Mars. They know something we do not know? According to Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change the next two years are "essential in saving our planet". He called for more climate finance to be raised through debt relief, cheaper financing for poorer countries, new sources of international finance such as a tax on shipping emissions, and reforms at the World Bank and International Monetary Fund. "Every day finance ministers, CEOs, investors, and climate bankers and development bankers, direct trillions of dollars. It's time to shift those dollars," A theme dear to #thehappycfo and his faithful readers: Finance can save the world...if politicians would allow. Vote carefully at the next EU and US elections.

🎉One day to go until we are in New York, for Climate week NYC! We will be looking at the future of US Climate finance with: Giulia Siccardo of the U.S. Department of Energy (DOE) Eric Haxthausen of the U.S. Trade and Development Agency (USTDA) Lida Fitts of the U.S. Department of the Treasury 📉Two years after the enaction of the Inflation Reduction Act and ahead of the presidential election, the future of climate-based economic policy in the US is at a critical junction. 🌎This roundtable will look at US climate finance policy areas and their economic impact, including sustainable infrastructure investments and the energy transition. It also considers approaches to private and public sector collaborative efforts to combat climate change.

This compendium titled "Funding the Future: Unlocking Resources for Adaptation Financing" brings together researchers and practitioners from around the globe to explore key issues and opportunities for increasing adaptation finance flows to developing economies. This collection of essays offers a comprehensive guide to innovative ideas and mechanisms that can help elevate adaptation finance within the broader climate finance agenda. This compendium by Gopalika Arora aims to serve as a beacon to illuminate the critical opportunities and challenges in mobilising public, private, and multilateral finance for climate adaptation. Read here: or-f.org/31800