ACGF - ASEAN Catalytic Green Finance Facility

🏙️🌳Today, Climate Bonds and the Asian Development Bank (ADB) led a workshop on Bond Solutions for Climate #Resilient Cities in ASEAN. Representatives from throughout the region discussed how municipal bond markets can mobilise capital with speed and scale to decarbonise cities, strengthen #infrastructure, and build more resilient societies. Participants also discussed the Climate Bonds #Resilience #Taxonomy launched last month. Here are 5️⃣ ways that cities can finance adaptation and resilience: 1️⃣ Strengthen Local Debt Markets – Cities can develop creditworthiness and access to capital through support from DFIs 2️⃣ Promote pooling mechanisms: Smaller municipalities can collaborate through pooled financing platforms to reduce costs and increase access to capital markets 3️⃣ Leverage sovereign Borrowing: Cities can tap into national credit ratings to lower borrowing costs and improve access to capital 4️⃣ Standardise Blended Finance: Use blended finance to combine public, private, and concessional capital, reducing risks for investors and scaling investments in climate adaptation and resilience projects. 5️⃣ Grow pipelines of eligible projects: Drive the speed and scale of investment Learn more about how Climate Bonds can help you issue and invest in adaptation and resilience finance at https://lnkd.in/eRXUpQ_E.

Multilateral development banks have announced that their global climate finance reached a record high of $125 billion last year. The announcement comes in the run-up to COP29 to be held in Azerbaijan this November: https://ow.ly/2NYs50TrA4b

Plastic pollution threat tripling by 2040! Join us in this crucial webinar to learn how #SoutheastAsia can align with the Global Plastics Treaty and turn the tide on plastic pollution. Register today and be part of the solution toward a sustainable future! 🌱 📅 Date: 12 September 2024 🕒 Time: 2:30 p.m. – 4:00 p.m. (SGT) 🔗 Register here: https://lnkd.in/dC_8anMG 🧑🤝🧑 Speakers ➡️ Roger Joseph (Rocky) Guzman, International Legal Specialist (Consultant), Climate Change and Sustainable Development Department, Asian Development Bank (ADB) ➡️ Mahesh Pradhan, Coordinator, Coordinating Body on the Seas of East Asia (COBSEA)–UN Environment Programme ➡️ Umesh Madhavan, Research Director, The Circulate Initiative ➡️ raquel smith ortega, Chief, Climate Change Mainstreaming and Integration Division, Climate Change Service, Department of Environment and Natural Resources, Philippines  ➡️ James Baker, Senior Circular Economy Specialist, Climate Change and Sustainable Development Department, Asian Development Bank (ADB) ➡️ Anna Fink, Senior Country Economist, Indonesia Resident Mission, Asian Development Bank (ADB) ➡️ Ghislain de Valon, Senior Infrastructure Specialist (Innovation and Green Finance), Southeast Asia Department, Asian Development Bank (ADB) ACGF - ASEAN Catalytic Green Finance Facility #SEADSforGrowth #SEADSWebinar #PlasticPollution #Sustainability #GlobalPlasticsTreaty 

What do ministries of finance need to consider in building sustainable, resilient economies? Against the backdrop of the ASEAN Climate Finance Policy Platform launch, Climate Bonds Initiative CEO Sean Kidney details their critical role in an increasingly climate-impacted world.

Finance ministries are key to mobilizing the vast resources needed to address the climate crisis. The ASEAN Climate Finance Policy Platform, launched today, will strengthen ministries of finance leadership on climate action.    ADB Vice President Scott Morris shares why this initiative is important and why the bank supports it.

📣 Global Fund for Coral Reefs Supports Landmark $35M ‘Debt-For-Nature’ Swap to protect Indonesia's coral reefs! In a monumental achievement for marine conservation, the Governments of the United States and the Republic of Indonesia alongside key implementing partners of the Global Fund for Coral Reefs (GFCR) have signed a US$35 million debt-for-nature swap to protect Indonesia’s vital coral reef ecosystems. Key highlights in the Debt Swap #ForCoral include: 🪸 $35M debt reduction over nine years 🪸 Coral reef protection fund established by Indonesia 🪸 Support for local NGOs protecting coral ecosystems and coastal communities 🪸 Promotion of ocean-positive activities, including conservation, resource management, and sustainable livelihoods Financial and technical support for this debt swap is co-financed through GFCR Indonesia country programmes led by Yayasan Konservasi Alam Nusantara (YKAN) and Konservasi Indonesia (KI). These transformative blended finance initiatives are flagships within GFCR’s global resilience-focused portfolio spanning 23 coral nations aiming to leverage up to US$3b for marine ecosystems and communities by 2030. Read more about the debt swap #ForCoral:

🌊🌿 Workshop on Watershed and Blue Carbon Ecosystems and Ocean Accounting 🌿🌊 We are thrilled to share the success of the "Workshop on Watershed and Blue Carbon Ecosystems and Ocean Accounting," held on July 31 and August 1, 2024, at Asian Development Bank (ADB) HQ in collaboration with the Government of the Philippines. With almost 200 participants joining both online and in person, the event saw active representation from DENR, NEDA, PSA, PhilSA, DA, DOST, DOF, as well as partners from research and academic institutes and development agencies. A special thanks to EEG and REECS Philippines for facilitating this event. The workshop's timing is particularly significant given the recent passage of the PENCAS Law on May 22, 2024. Natural capital accounting is essential for measuring and valuing the natural resources and ecosystem services that underpin economic activities and human well-being. For the Philippines, a country rich in biodiversity and natural resources, sustainable management of these assets is crucial for ensuring long-term environmental sustainability, economic resilience, social well-being, and economic development. This workshop highlighted the importance of systematically assessing, monitoring, and accounting for these resources, moving beyond conventional national income accounts to provide valuable inputs for more relevant, responsive, and effective economic management and policymaking. Participants were also able to formulate an actionable plan for the government, with ADB providing the necessary support to ensure these initiatives are effectively implemented. #NaturalCapital #Sustainability #EcosystemServices #EconomicDevelopment #Philippines #ADB #WatershedAccounting #BlueCarbon #EnvironmentalSustainability #EconomicResilience #PENCASLaw #ACGF Silvia Cardascia Ghislain de Valon Jindra Samson Dorothy Bantasan Nicole Afable Gema Sancho-Miñana Bertomeu Chia-Hsin Hu Scott Roberts Qingfeng Zhang Au Shion Yee Narayan Iyer Duncan Lang Winfried Wicklein Albert Park Gem Castillo Marian delos Angeles Jhorace E. Tupas, EnP, MDM Natural Capital Project Jess Silver Jesse Goldstein Stacie Wolny Anne Guerry