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dc.creatorUN.ESCAP
dc.creatorGlobal Green Growth Institute (GGGI)
dc.date.accessioned2021-10-29T03:30:56Z
dc.date.available2021-10-29T03:30:56Z
dc.date.issued2021
dc.identifier.urihttps://hdl.handle.net/20.500.12870/4044
dc.descriptionThis report is a joint publication developed by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Global Green Growth Institute (GGGI).<br><br> <p>The report was prepared by a core team including Masato Abe, Zeinab Elbeltagy, Zenathan Adnin Hasannudin, Alberto Isgut, Patrick Martin, Deanna Morris, Aneta Nikolova, Tero Raassina and Lasse Ringius.&nbsp;</p>
dc.description.abstract<p>Most of the policy measures introduced in 2020 and 2021 as a response to the socioeconomic crises induced by the COVID-19 pandemic focused on addressing health concerns and a speedy economic recovery. Considerably less attention has been paid &nbsp;to combatting climate change and preventing environmental degradation, for which many governments in the Asia Pacific region lack the needed financial resources. There are, however, various options to mobilize green and climate finance to address climate change, recover from the COVID-19 pandemic, and achieve a wider range of environmental and sustainable development objectives. Enhancing the availability of green and climate financing and developing clear, coherent and supportive policies are crucial for all economies in the region to recover swiftly and resume growth in a resilient and sustainable manner.</p> <p>This report examines critical policy gaps and barriers to climate finance, such as constrained fiscal space, weak institutional capacities to implement Nationally Determined Contributions (NDCs), policy and regulatory gaps, and &nbsp;lack of investment-ready projects. To enable green growth and sustainable development in the region, these barriers need to be overcome in line with each country&rsquo;s long-term strategic development vision and broad legal framework, as well as international commitments to reduce greenhouse gas emissions through initiatives such as the NDCs.</p> <p>The report also discusses a range of financial instruments and mechanisms, including project finance, funds and facilities, thematic bonds, carbon pricing, and debt for climate swaps, and &nbsp;highlights their utility, scalability, governance and related monitoring issues. Implementing these instruments and mechanisms can help overcome existing challenges to climate change finance and unlock the growing private sector demand for green and climate investment opportunities.&nbsp;</p> <p><span class="A4">This report is a joint publication developed by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Global Green Growth Institute (GGGI). ESCAP and GGGI are working together to support the Asia-Pacific region in reaching its climate targets through research, technical assistance, and support for innovative financing solutions targeted at climate action. Together we believe that NDCs need to be drastically enhanced to achieve carbon neutrality by 2050 &ndash; however, these commitments need to be accommodated by policy action and financing to support investment in a green future.</span></p>
dc.format.extent35 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUnited Nations
dc.rightsThis 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.
dc.rightsUse may not 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.
dc.subjectClimate finance
dc.titleGreen and climate finance options to support the post-Covid-19 pandemic recovery and climate action
dc.typeText
dc.rights.holderUnited Nations
dc.subject.unbistCOVID-19
dc.subject.unbistCLIMATE CHANGE
dc.subject.unbistFINANCE
dc.subject.unbistGREEN ECONOMY
dc.subject.unbistCLIMATE CHANGE MITIGATION
escap.publisherPlaceBangkok
escap.doctypeReport
escap.programmeOfWorkMacroeconomic Policy and Financing for Development
escap.areasOfWorkFinancing Strategies For Sustainable Development
escap.unSDG8. Decent Work and Economic Growth
escap.unSDG13. Climate Action
escap.unSDG17. Partnerships for the Goals
escap.unDocSymbolST/ESCAP/ 2976
escap.bibLevelMonograph
escap.link.internalLinkhttps://www.unescap.org/kp/2021/green-and-climate-finance-options-support-post-covid-19-pandemic-recovery-and-climate
escap.eventNameLaunch of the ESCAP and GGGI report on Green Finance Options
escap.eventTypeConference
escap.eventDate04/11/2021
escap.contactPhone+66 2 288-1234
escap.contactEmail[email protected]
escap.contactEmail[email protected]
escap.contactUnitMacroeconomic Policy and Financing for Development Division
dc.date.escap2021-04-11


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