To reach net-zero greenhouse gas (GHG) emissions by 2050, entities operating in most sectors must undergo a major transformation. The key tool that will enable this transformation is the development of a transition plan that is science based, coherent, comprehensive, transparent and covers all material scopes of emissions and business activities.
This Policy Brief examines the possible role ASEAN central banks could play in ‘building back better’ from the COVID-19 pandemic, drawing on international examples of innovative action in both COVID-19 recovery and greening central bank activities.
This report synthesises best practice on the ‘greening’ of prudential and monetary policies and contextualises these into lessons that can be drawn on by ASEAN Central Banks as they rebuild from the economic impacts of COVID-19.
The ASEAN sustainable finance market maintains rapid growth despite the negative impact of COVID-19, focusing the attention on the need for a sustainable economic recovery.
The report outlines regional and national developments covering three overarching debt themes, Green, Social, and Sustainability. Also covered are key policy developments that are anticipated to drive ASEAN’s sustainable finance market.
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ASEAN Green Finance State of the Market 2019 report is an analysis of the issuance of green bonds and green loans in Southeast Asia. Following Climate Bonds Initiative’s (CBI) first ASEAN Green Finance State of the Market 2018, this 2019 report reviews the progress made across the regional green finance landscape and emerging opportunities for more green bonds, loans and sukuk amongst ASEAN nations.
Authored by Climate Bonds Initiative, the report outlines the approach to integrate climate action into fiscal policies that can be considered by governments to trigger the growth of sustainable finance, highlighting successful measures implemented by the Association of Southeast Asian Nations plus three (ASEAN+3) countries. Amongst the suggestions include developing sustainable finance roadmaps to demonstrate how policies that prioritise climate action connect with real economic activities, and encouraging countries to adopt multi-pronged strategies to drive change.
