Spectreco’s Post

Greater funding for climate mitigation & adaptation, more climate-positive economic growth, maturing local financial markets… Mobilising #domesticcapital can have a near-trillion-dollar impact for emerging markets and developing economies – and support a more equitable and stable global financial system. Unlocking domestic capital for climate action can trigger positive tipping points for growth in EMDEs. And while barriers currently impede this growth, an Action Agenda from the Blended Finance Taskforce and FSD Africa identifies the concrete actions to overcome them – and the stakeholders best placed to take the lead. The analysis was presented at the African Development Bank Group Annual Meetings this week. You can read it here https://lnkd.in/dMc3si3i #justtransition #sustainabledevelopment #SDGs #greenfinance #blendedfinance #Afdbam2024

$13 billion in Private Sector Financing by 2030 – Asian Development Bank’s Strategy 2030 Midterm Review   Private sector participation is crucial for bridging development financing needs and ensuring sustainable economic growth in the Asia and Pacific region. Find out how the Strategy 2030 Midterm Review, an update to Asian Development Bank (ADB)’s corporate strategy, will help scale up financing needed to tackle climate crisis and achieve the targets of the Sustainable Development Goals.   #sustainabledevelopmentgoal #sustainablefinance #sustainableinfrastructure #capitalmobilization #foodsecurity #climatefinance #climateaction #sustainabledevelopment #PrivateSector #ADB   https://lnkd.in/ehKCPpt9

🌏💰A record USD 9.8 billion in climate finance for Asia This is how much the Asian Development Bank (ADB) committed in 2023, with $5.5 billion for mitigation and $4.3 billion for adaptation ✅   Asia and the Pacific is on the frontline in the battle against climate change. The region produces more than half of the world's carbon dioxide emissions and is facing the destructive effects of climate change, from extreme weather conditions to torrential rains and prolonged droughts. ADB is promoting a just transition to a low-carbon and climate-resilient future in line with the Paris Agreement. As Asia and the Pacific’s climate bank, its ambition is to deliver $100 billion in climate finance to its developing member countries (DMCs) by 2030. Here are Five Things to Know About ADB’s Climate Change Action Plan (CCAP): 💰 Shows how ADB will deliver on its climate finance ambitions 🌱 💡 Guides ADB’s approach to partnerships, finance, and knowledge 🤝 Outlines how ADB will engage with DMCs 🔧 Details how ADB will deliver low-carbon and climate-resilient solutions 📊 Commits ADB to regularly monitor and evaluate its progress For more details visit the ADB website. Asian Development Bank (ADB) Masatsugu Asakawa #climatefinance #impactinvesting #climateresilience #lowcarbonsolutions IMPACT INTELLIGENCE #aiforgood

#Singapore stands as key partner of IFC in supporting global development efforts. It was an honor to meet Minister Indranee Rajah at the #WBGMeetings. Our agendas remain aligned in climate financing and digital innovation. We are excited to continue to deepen our partnership to find #BlendedFinance solutions for #climate 🔰 and #digital growth📲 while supporting Singaporean companies in their regional and global investments. IFC - International Finance Corporation The World Bank

🌍 Asian Development Bank (ADB) Launches Climate Finance Initiative in Thailand! 🚀 ADB's new program boosts climate finance to help #Thailand achieve net-zero emissions with innovative tools and private investment. 🤝 Collaborating with Thailand's Department of Climate Change and Environment and Agence Française de Développement, ADB commits €1 million to support nature-based solutions. 📅 Announced by ADB's Vice-President Scott Morris during his visit to Thailand from June 24-28, the project includes policy support, roadmaps, pilot projects, and capacity building. "Thailand’s extreme vulnerability to climate change means we need to accelerate green finance flows," said Mr. Morris. 📖 Read more: https://lnkd.in/dMDffc2W #ClimateFinance #GreenFinance #Sustainability #NetZero #ClimateAction #ADB 

[SOME GOOD NEWS] The Asian Development Bank (ADB) has committed to allocate half of its annual lending to climate-finance by 2030. This amount is more than previous target, which was 35%. This ambitious goal is part of a bigger plan to raise $100 billion in total climate finance from the years 2019 through 2030. However, only $30 billion has been confirmed at this point. ADB also plans to expand private sector financing, aiming at $13 billion target by year 2030. #sustainability #climatefinance #netzero #naturepositive

🌏 Exciting News from ADB! 🌱 In 2023, the Asian Development Bank (ADB) made history by committing a record-breaking $9.8 billion in climate finance. This substantial investment aims to assist developing member countries in Asia and the Pacific in reducing greenhouse gas emissions and adapting to the impacts of climate change. 💪 The commitment includes $5.5 billion for mitigation and $4.3 billion for adaptation, marking a remarkable 46% increase from the bank's 2022 climate financing. What's even more impressive is that ADB has exceeded its 2019-2024 target of $9 billion for adaptation financing a year ahead of schedule, providing over $10.4 billion from 2019 to 2023. 🌊 As the region grapples with extreme heat, droughts, and heavy rains, ADB's dedication to adaptation financing becomes increasingly crucial. Let's applaud these efforts toward a more sustainable and resilient future! 👏🌍 #ClimateAction #ADB #SustainableDevelopment

Fresh into my new assignment in Lao PDR, I had the opportunity this week to gain new insight into how the #privatesector can be assisted to invest in #climateadaptation, #SDGs and #sustainability. ADB has been a steadfast partner of the ASEAN Capital Markets Forum (ACMF) since its inception 20 years ago. This dynamic group of regulators has now gone well beyond the initial remit of integration and development. They have designed ASEAN Sustainability-Linked Bond Standards, the ASEAN SDG Bond Toolkit, and the ASEAN Sustainable and Responsible Fund Standards. For an investor, this means you can tell if the company you are considering meets the benchmark to be considered a #greeninvestment. Next steps include consideration of the ASEAN Carbon Market Study, updates to the ASEAN Transition Guidance and continued collaboration with the International Sustainability Standards Board (ISSB). All these initiatives align themselves with ADB’s climate priorities. As Asia and the Pacific’s #climatebank, ADB focuses strongly on scaling up climate finance and introducing innovative solutions to cut greenhouse gas emissions. With these efforts it aims to catalyze private investors to raise capital for sustainable investments. I look forward to seeing what comes next! #ACMF #ASEAN Photo: Greeting His Excellency Prime Minister of Lao PDR Sonexay Siphandone.

🌍 Exciting news for climate action in Southeast Asia! 🌿 🔹 The Asian Development Bank (ADB) is launching the ASEAN Climate Finance Policy Platform. 🔹 A game-changing initiative to support finance ministries across the region in addressing the urgent challenge of climate change. 🔹 ADB President Masatsugu Asakawa underscores the critical importance of collective action to tackle the climate crisis. 🔹 The platform will serve as a hub for collaboration, knowledge exchange, and capacity building. 🔹 Finance ministries will integrate climate considerations into economic and fiscal policies effectively. 🔹 Supported by ADB's technical assistance, member countries will drive evidence-based decision-making. 🔹 ASEAN countries recognize the imperative of mainstreaming climate action into financial decision-making processes. 🔹 Let's unite efforts, share knowledge, and take bold action for a brighter, greener future! 🌱💼 #ClimateAction #ASEAN #Sustainability #FinanceMinistries #ClimateFinance #ADB

📗We highly recommend you read the Asian Development Bank (ADB) new publication on an extremely relevant topic – “Fiscal Policy and Sustainable Finance. Enhancing the role of the financial sector in achieving the Sustainable Development Goals”- 👇 https://lnkd.in/dwnsksdm ✅Financial system has the crucial role in delivering #climatemitigation and #climateadaptation, as well as #sustainabledevelopment. That is why, #sustainablefinance and #fiscalpolicy based on support of #climate action, are very helpful in achieving #SDGs. They can help not only use #publicfinance in effective way but unlock the massive #privatesectorfinance needed to combat #climatechange. ✍Many thanks to authors of this publication - Zalina Shamsudin, Dudi Rulliadi, Haryadi HARYADI, Raquel Borres - and to everyone who was involved in its preparation. ❗👉Follow us on LinkedIn Edu4Bis B.V.