Asian Development Bank (ADB)’s Post

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

Developing Asia and the Pacific needs $1.7 trillion annually by 2030 to meet climate goals. Public funding alone isn't enough. A new analysis explores how national climate finance vehicles can stimulate private investment. It presents a model framework for designing a climate finance vehicle, and offers insights from international case studies highlighting effective climate-aligned private investment. Read and download it here. 👉 https://ow.ly/NM4m50U96Nh #COP29 with Brendan Coleman, Aisha Reynolds, Michael Schur

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

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.

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

Despite making up 1/3 of International Monetary Fund membership, climate-vulnerable countries hold little decision-making power. In Global Policy, Lara Merling and Timon Forster argue that increasing voice and representation is key for effective climate policy at the Fund: https://lnkd.in/eE6BB9De

Climate Finance Climate finance refers to the financial resources and investments allocated to support efforts in addressing climate change. There are different types of climate finance model. Both public and private climate finance model are available. Depending on project type, needs and other factors, model can be implemented. It helps in: o  Facilitates Climate Action o  Supports Transition to a Low-Carbon Economy o  Enhances Resilience o  Promotes Equity o  Stimulates Economic Growth o  Supports Global Climate Goals o  Encourages Private Sector Engagement ·The United Nations Framework Convention on Climate Change (UNFCCC) is an international treaty aimed at addressing climate change and its impacts. Established in 1992, the UNFCCC serves as the main forum for negotiating and implementing global climate action. o  Financial Support for Developing Countries -  Provision of Financial Resources - Green Climate Fund (GCF) o  Reporting and Accountability - Reporting Obligations - Transparency and Accountability o  Capacity Building o  Integration with International Agreements - Paris Agreement - Long-Term Finance Goal o  Promoting Private Sector Involvement o  Global Stocktake and Review #Business #Sustainability #Climate #Change #Climate #Finance

Securing social, economic and climate stability through the EU Strategic Agenda - European leaders will soon meet to begin re-hashing the EU’s priorities for the next five years

🌍 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

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