phgq.tumblr.com Open in urlscan Pro
74.114.154.18  Public Scan

Form analysis
0 forms found in the DOM

Text Content

1,5 milioni di voti
277.000 voti



VEDI, PER QUESTO L'APP È PERFETTA.

Sembra perfetto Bahhhh, non voglio


PHILIPPINES GAZETTE QUOTIDIAN

Philippines Gazette Quotidian is a web-based independent social news platform
that combines blogging and journalism (blognalism) to bring accurate, balanced,
factual and unbiased information to the netizens.
 * Post
 * Contribute
 * KeyBase Proof
 * Archivio


GREEN FINANCE NEEDED TO MEET INFRA FINANCING GAP


#PHNEWS: GREEN FINANCE NEEDED TO MEET INFRA FINANCING GAP

--------------------------------------------------------------------------------

MANILA – A new book by the Asian Development Bank (ADB) urges policy makers in
Southeast Asia to use green and innovative financing approaches to help catalyze
the estimated USD3.1 trillion investments required for climate-adjusted
infrastructure in the region by 2030. 
 
These investments from both public and private sources would be critical to the
region’s economic recovery from the coronavirus disease 2019 (Covid-19)
pandemic.
 
Green Finance Strategies for Post-Covid-19 Economic Recovery in Southeast Asia,
which was launched Wednesday on the sidelines of the 7th Annual OECD Forum on
Green Finance and Investment, explores innovative, environmentally sustainable,
and climate-resilient financing instruments, such as green and transitions bonds
for Covid-19 recovery, blue credits for oceans financing, and green
securitization, while also providing examples of ADB-supported green
initiatives.
 
“A green recovery for Southeast Asia is needed to encourage long-term,
sustainable job creation in a region with more than 650 million people,” said
ADB Vice-President Ahmed Saeed, who will speak at the forum on October 9. “It
will boost equitable growth, protect the environment, and help governments meet
the Paris climate agreement targets. This timely book shows how green finance
can spur growth in the region and overcome the challenges of climate change and
a global pandemic.”
 
Green finance refers to all financing instruments, investments, and mechanisms
that contribute to climate and environmental sustainability goals. 
 
It aims to reduce greenhouse gas emissions, boost climate resilience, and
improve environmental protection, such as air and water quality, ecosystems, and
biodiversity.
 
The book recommends that governments use green finance catalytic approaches to
build upon national green targets and programs and steer away from fossil fuel
or carbon-intensive investments. 
 
While some countries have embarked on green projects and bonds, much more needs
to be done to help Southeast Asia’s economies meet their large financing needs
and accelerate economic recoveries in a sustainable manner.
 
ADB has supported innovative financing mechanisms for green infrastructure,
including thematic bonds, national green finance vehicles, green projects, and
other initiatives. 
 
The ADB-administered Association of Southeast Asian Nations (Asean) Catalytic
Green Finance Facility (ACGF) aims to spur more than USD1.4 billion in green
infrastructure investments across Southeast Asia. 
 
In recent years, rising investor interest in green financing in developing Asia
has been reflected in the growth of green, sustainability, and social bonds.
 
“Our book aims to emphasize the critical role that such instruments can play in
leveraging scarce public sector funds to mobilize green funds from all sources,
such as private pension and insurance funds, commercial banks, and the capital
markets. Blending such funds will be critical to Southeast Asia’s recovery from
Covid-19 amid the worsening infrastructure financing gap, which was at more than
60 percent before the pandemic hit,” ACGF Unit Head Anouj Mehta said.
 
With a growing green finance market in developing Asia, ADB committed USD6.5
billion in climate finance from its own resources in 2019. 
 
ADB aims to reach a cumulative USD80 billion from 2019 to 2030 in climate
financing under its Strategy 2030, with a commitment to make 75 percent of all
ADB projects climate relevant by 2030. (PR)
 
 


***

--------------------------------------------------------------------------------

References:
 1. * Philippine News Agency. “Green finance needed to meet infra financing
    gap.” Philippine News Agency. https://www.pna.gov.ph/articles/1117841
    (accessed October 08, 2020 at 04:37AM UTC+14).
    
 2. * Philippine News Agency. “Green finance needed to meet infra financing
    gap.” Archive Today.
    https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1117841
    (archived).

--------------------------------------------------------------------------------

Philippines News Filipino Pinoy Tourism Politics Culture Editorial Environment
Society History
Ott 7th, 2020
 * Apri in app
 * Facebook
 * Tweet
 * Reddit
 * Posta
 * Incorpora
 * Link permanente