(a) Asian Development Bank Institute, Tokyo, Japan
(b) Energy Studies Institute, National University of Singapore, Singapore
The latest Intergovernmental Panel on Climate Change report notes the importance of mobilising green finance in order to limit global warming to 1.5°C and prevent catastrophic climate change. Fully implementing the Paris Agreement to meet this climate target will require US$ 1.5 trillion in green financing annually through 2030, according to the United Nations Framework Convention on Climate Change. At the same time, raising green finance is key to meeting Asia’s surging energy demand, which is fuelled by economic growth, population growth, and enhanced energy access. Two-thirds of global energy-demand growth will occur in the Developing Asia by 2040. Therefore, scaling up green finance in Asia is needed.
Cite:
Dina Azhgaliyeva & Brantley Liddle (2020) Introduction to the special issue: Scaling Up Green Finance in Asia, Journal of Sustainable Finance & Investment, 10:2, 83-91, DOI: 10.1080/20430795.2020.1736491
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
