2023-10-20-ESCAP-可持续融资报告_136页_15mb

Summary of ESCAP Report: Sustainable Finance for Bridging the Gap in Asia and the Pacific

1. Introduction

• The Asia-Pacific region faces a significant sustainable finance gap to achieve climate and development goals, exacerbated by rising inflation, interest rates, and geopolitical instability.
• Key challenges include insufficient climate finance, slow policy implementation, and data limitations. Trends show growth in green bond issuance and innovative financing tools, but much more is needed.

2. Role of Governments

• Governments should develop effective NDC financing strategies with clear interim targets and resource mobilization plans to signal commitment to climate action.
• Promote climate finance mechanisms like debt-for-climate swaps and Just Energy Transition Partnerships (JETPs) to mobilize additional funding.

3. Role of Regulators

• Regulators must prioritize financial stability by integrating climate and nature-related risks into macroprudential policies and stress-testing scenarios.
• Develop consistent taxonomies and roadmaps for sustainable finance to create a level playing field and reduce arbitrage opportunities.

4. Role of Private Finance

• Private finance needs to shift capital towards low-carbon investments by adopting net-zero commitments and transition pathways with science-based targets.
• Focus on local-currency financing and project preparation funds to address barriers in riskier markets and smaller ticket sizes.

5. Ten Principles of Action

1. Governments, regulators, and private finance must collaborate to accelerate sustainable finance.
2. Effective NDC financing strategies must include credible transition pathways.
3. Policy coherence across ministries is essential for reducing financing costs.
4. Regulators should shift capital towards climate action while maintaining financial stability.
5. Investment in climate risk assessment and green financial instruments is critical.
6. Much-needed sectoral and project data must be improved to streamline investment.
   ... (full principles omitted for brevity)

Key Conclusions:

• The region must urgently scale up sustainable finance to meet the $4-6 trillion annual climate transition costs by 2030.
• Systemic transformation in policy, regulation, and finance is required to avoid missing the 1.5°C temperature goal.
• A combination of public and private finance, anchored by MDBs and DFIs, is essential to bridge the gap.