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Finance for Climate Action in Asia and the Pacific: A Regional Action Agenda to Access Debt Capital Markets

Developing countries in Asia and the Pacific are historically the least responsible for greenhouse gas emissions that result in climate change, but are most vulnerable to its environmental, economic and social impacts. Priority responses to the challenge of global warming include strategies to reduce vulnerability; climate-proofing infrastructure to protect lives and assets; investing in adaptation strategies; strengthening resilience; and reducing emissions. This will require significant investments by both public and private sectors. Global estimates of the cumulative investment needed to stay within a 2ºC temperature increase by 2030-35 range between $55 and $93 trillion. Developing Asia alone needs an estimated US$3.6 billion per annum up to 2030 to transition toward net zero emissions and increased resilience as required by the Paris Agreement. This economic transition also presents a unique opportunity for private finance. Estimates suggest that the Paris Agreement has opened up nearly $23 trillion in opportunities for climate-smart investments in emerging markets up to 2030.

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Additional Info

Field Value
Document type Analysis, discussion papers, and blogs
Language of document
  • English
Topics
  • Climate change
  • SDG 13 Climate action
Geographic area (spatial range)
  • Brunei Darussalam
  • Cambodia
  • China
  • Christmas Island
  • Cocos (Keeling) Islands
  • Timor-Leste
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea (Democratic People's Republic of)
  • Korea, Republic of
  • Lao People's Democratic Republic
  • Malaysia
  • Mongolia
  • Myanmar
  • Philippines
  • Singapore
  • Sri Lanka
  • Thailand
  • Viet Nam
Copyright Yes
Access and use constraints

This publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source. No use may be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York.

Version / Edition online
License unspecified
Author (corporate) ESCAP
Publication date 2017
Keywords climate finance
Date uploaded May 30, 2018, 04:30 (UTC)
Date modified July 2, 2018, 03:09 (UTC)