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04 November 2021, 16:00 PM - 17:00 PM UTC +7 | Open meeting

launch of the ESCAP and GGGI report on Green Finance Options

The event will be held at 09:00 AM -10:00 AM UK (UTC+0)

ESCAP and GGGI are pleased to launch our joint publication: Green and Climate Finance Options to Support the Post Covid-19 Pandemic Recovery and Climate Action.

Climate change presents daunting challenges for all countries globally, but its adverse effects are proving particularly severe for Asia and the Pacific countries. Most of the policy measures introduced in 2020 and 2021 to respond to the COVID-19 pandemic focused on addressing health concerns and a speedy economic recovery. Less attention was paid to combating 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 options 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. ESCAP and GGGI are working together through research, policy assistance, and support for innovative financing solutions targeted at climate action and the achievement of net-zero emissions by 2050. Together we believe that countries’ nationally determined contributions need to be drastically enhanced to achieve carbon neutrality, and pledges need to be accommodated by policy action and financing to support investment in a green future. 

This joint publication will be launched along the sidelines of the COP26 Summit. The webinar will discuss the climate financing options available for countries to draw on and will share case studies and insights from green projects which have been able to tap into innovative financing mechanisms. The expert panel session will take a in-depth look at the potential of blended finance and its role in creating a green future. Join us to learn more: http://bit.ly/3bgqOHa

The full copy of the report is available at: https://www.unescap.org/kp/2021/green-and-climate-finance-options-suppo…

 

for more information, please contact

Macroeconomic Policy and Financing for Development Division +66 2 288-1234 [email protected]
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