ASEAN Green Map in Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Thailand, Singapore, Viet Nam

Project Dates: November 2023 - October 2024
ShareShare icon for SIPET
ASEAN Green Map in Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Thailand, Singapore, Viet Nam
PROJECT OBJECTIVE

1. Chart a course for ASEAN’s sustainable finance efforts. It would establish a unified ASEAN vision for sustainable finance and serve as an overarching guide for all ASEAN Member States (AMS) in addressing the urgent need to foster an inclusive green transition which includes scaling up sustainable financing and accelerating towards Paris Agreement and 2030 Sustainable Development Goals. 2. Draw the attention of the ASEAN Senior Level Committee on Financial Integration (SLC), relevant ASEAN financial sectoral bodies, networks, initiatives, and other stakeholders to the key priorities of the sustainable finance agenda. The roadmap will also help inform the broader SLC agenda on climate and sustainability, future workplans of the SLC Task Force on Sustainable Finance (SLC-TF), and other relevant ASEAN work.

PROJECT DESCRIPTION

The ASEAN Green Map outlines ASEAN’s vision for a comprehensive sustainable finance ecosystem, detailing the necessary building blocks and recommending regional actions to achieve this vision. To develop the ASEAN Green Map, the project reviews ongoing sustainable finance efforts in ASEAN and globally to provide a holistic assessment, avoiding duplication and ensuring consistency with international practices. The ASEAN Green Map aims to chart a unified course for ASEAN’s sustainable finance, guiding member states towards inclusive green transition and alignment with the Paris Agreement and 2030 Sustainable Development Goals (SDGs). It emphasizes the financial sector, particularly green certification and advisory services. The ASEAN Green Map’s recommendations aim to align priorities across ASEAN’s financial sector bodies, promoting coordinated efforts and efficient resource use. Expected benefits include providing a foundation for countries at different stages of sustainable finance development, supporting national roadmap creation, and offering a reference for policymakers implementing sustainable finance policies.


SECTORS OR AREAS OF WORK
  1. Climate finance
  2. Training/capacity building


BUDGET

USD 830,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. GGGI - The Global Green Growth Institute
  2. AKCF - ASEAN Korea Cooperation Fund
IMPLEMENTING AGENCY OR AGENCIES

GOVERNMENT PARTNER
  1. Not Available
ADDITIONAL INFORMATION

For more information https//gggi.org/?project=asean-green-map-in-brunei-cambodia-indonesia-lao-pdr-malaysia-myanmar-philippines-thailand-singapore-viet-nam


BUDGET

USD 830,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. GGGI - The Global Green Growth Institute
  2. AKCF - ASEAN Korea Cooperation Fund
IMPLEMENTING AGENCY OR AGENCIES

GOVERNMENT PARTNER
  1. Not Available