GIZ East Asia’s Post

What are Asia’s unique climate finance-related challenges? Join Asia Society Policy Institute for an important discussion about the reforms needed to address Asia’s crucial climate and development needs, as well as, opportunities and challenges for climate finance to enhance Asia’s economic and social development. Our experts include Chantale Yok-Min Wong, the United States Executive Director to the Asian Development Bank (ADB), Mari Elka Pangestu, Indonesian economist and former Managing Director of Development Policy and Partnerships and Minister of Trade in Indonesia, and moderator Rachel Kyte, a Professor of Practice in the Blavatnik School of Government, University of Oxford, United Kingdom.    Learn more by registering for ASPI’s webinar discussion on June 27 at 8 a.m. ET, which will mark the official launch of “Asia’s Climate Finance Needs and Opportunities: Advancing a Shared Vision.” https://lnkd.in/eFYckd7d #AsiaSociety #policy #climate #climatefinance #finance

Can our cities overcome climate chaos through innovative financial strategies? Discover groundbreaking insights on how financial re-engineering can be pivotal in combating #climatechange. SMU Sim Kee Boon Institute for Financial Economics Research Fellow, Dr Tran Bao Phuong Nguyen, sheds light on key tactics such as performance-based bonds and inter-sector partnerships, demonstrating how financial innovation can strengthen our urban resilience. Discover how finance can drive climate innovation. #SMUCityPerspectives #SMUInsights https://brnw.ch/21wJPbe

How can the international climate finance (architecture) enable sectoral transitions in emerging economies? We know it has to if we are to retain any hope of stopping catastrophic climate change. Yet the reality is still rather grim and the puzzles often do not align to create a clear picture. On one hand the donors tend to repurpose existing financial flows and are not flexible in tailoring them to sectoral needs of recipient countries. On the other hand there are objective roadblocks on the ground, e.g. regulatory uncertainty, complex stakeholder coordination, electricity crisis, debt burden and many others. Can that mismatch between what is necessary and the current practices regarding bilateral and multilateral cooperation be mitigated? Maybe but one can also argue that the status quo, although insufficient, is deemed “comfortable” by both donor and receiving countries. In this pioneering report by multiple authors and organisations (including Climate Strategies) there are still more questions than answers but at least those questions are formulated and put on the table. Join us on multiple fronts to answer those questions in order to find the best just transition policy&finance recipes! Full report: https://lnkd.in/gduSB4ZE More engagement opportunities: https://lnkd.in/gHTbgkbg With thanks to: International Climate Initiative University of Cape Town, TERI - The Energy and Resources Institute, DIW Berlin - German Institute for Economic Research NewClimate Institute, FGV EESP IKEM – Institut für Klimaschutz, Energie und Mobilität, Vivid Economics #Climate #ClimateFinance #SNAPFI #Brazil #India #Indonesia #SouthAfrica

Our SNAPFI project explores how transformative change can be enabled when international #climate finance is integrated into domestic policies in developing countries. The latest research from the project outlines: ⬇ (1) The challenges for financing transitions in ⚡energy, 🏭 industry, and 🏗 infrastructure sectors.  (2) Suitable types of finance instruments to overcome these hurdles. 🏦   By diving into four country case studies, researchers highlight that national policy processes often do not align with financial instruments, with various barriers hindering investments necessary for #JustTransitions. 💰   Watch the video below for an overview of some of the impediments facing #Brazil, #India, #Indonesia, and #SouthAfrica, and read the full report for more details. Access the report here ➡ https://lnkd.in/eip5s_eJ NewClimate Institute, International Climate Initiative, DIW Berlin - German Institute for Economic Research, Vivid Economics, TERI - The Energy and Resources Institute, University of Cape Town, FGV EESP, IKEM – Institute for Climate Protection, Energy and Mobility,

The State of Finance for Nature finds that in 2022, investments in nature-based solutions totalled approximately $200 billion, but finance flows to activities directly harming nature were more than 30 times larger. Private nature-negative finance flows amount to US$5 trillion annually, 140 times larger than the US$35 billion of private investments in nature-based solutions. The five industries channeling most of the negative financial flows – construction, electric utilities, real estate, oil and gas, and food and tobacco – represent 16 percent of overall investment flows in the economy but 43 percent of nature-negative flows associated with the destruction of forests, wetlands, and other natural habitats. Time for change.

UNCTAD has emphasized in a new report the imperative for international financial reforms to specifically target the financing requirements of the world's 46 least developed countries (LDCs). According to the organization's Least Developed Countries Report 2023, fiscal constraints in LDCs pose a severe threat to their ability to implement crucial development policies, potentially derailing progress towards Sustainable Development Goals and a low-carbon transition. UNCTAD Secretary-General Rebeca Grynspan said “The success of the 2030 Agenda for Sustainable Development is inextricably linked to the progress of these nations,” adding that time is running out for LDCs to achieve the Sustainable Development Goals. Failure to promptly address the financing needs of LDCs, warns the report, will hinder their development prospects and exacerbate the impact of climate change, especially since 17 out of the 20 countries most vulnerable to and least prepared for climate change are LDCs.

2023's State of Finance for Nature report really hit close to home: $7T channelled into destroying nature (with a dominant $5 trillion from the private sector), while a mere $200B goes towards its safeguarding. This is a wake-up-call to remind us that it is imperative to radically and responsibly realign our global investment priorities. #EnvironmentalStewardship #SustainableFinance #FinancingGap #FinancingGap #InvestmentOpportunities #NaturePositive #NatureBased

According to new research from the Grantham Research Institute on Climate Change & the Environment at the The London School of Economics and Political Science (LSE), most economic activities necessary for the Net Zero transition have the potential to boost the UK's low Productivity rate, helping make the UK economy more resilient, productive and competitive in the long term. #netzero #sustainability #economy #esg #economicdevelopment #businessgrowth

UN Environment Programme’s flagship State of Finance for Nature is out now!! 🔗 https://lnkd.in/dvufza8m This year’s report shows that considerably more subsidies are heading to #fossilfuels than finance going to #naturepositive so we are off track to meeting climate, nature and other #sustainabledevelopmentgoals, and need to change course quickly. The report continues to expand in scope of types of data tracked and can guide efforts in shifting finance towards #naturebasedsolutions. United Nations Environment Programme Finance Initiative (UNEP FI) Ivo Mulder Nathalie Olsen Aurélia Blin Martin Halle Niki Mardas Global Canopy Economics of Land Degradation (ELD) Initiative Romie Goedicke den Hertog Katy Baker Rhea Kochar #sustainablefinance #globalbiodiversityframework #KMGBF #banking #investmentopportunities #netzero

#Emergingmarkets are caught in a vicious cycle: among the nations most exposed to the environmental crisis they have the fewest resources to adapt. #Sustainabledebt markets could play a big role in bridging their needs for #climatefinancing. Great article by Paul Greer on this topic.