Amid inflationary pressures, recession fears, rising interest rates and the ongoing war in Ukraine, the global macroeconomic outlook is marked with uncertainty and high volatility. In developing Asia, this complicates the net zero transition — estimated by the Asian Investor Group on Climate Change to require US$37 trillion in investments over the next three decades to meet the Paris Agreement targets.
Ensuring that this transition is an equitable one has become a strategic priority on the international agenda, yet how this can be achieved in practical terms remains elusive. With many developing economies emerging from the global pandemic with constrained budgets and high capital costs, public coffers are critically insufficient to fund the energy transition. Governments are also grappling with priorities of poverty alleviation, supporting jobs and livelihoods, and energy security. Mobilising blended capital on a large scale from public, private and philanthropic sources will be key to addressing the financing gap required for this equitable transition.
What are some of the key mechanisms that will unlock capital for Asia’s just transition? What frameworks are needed to make transition finance an effective tool for hard-to-abate sectors? Will we see a revival of carbon markets and how can we mobilise philanthropic capital?
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Google LLC is an American multinational technology company focusing on artificial intelligence, online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, and consumer electronics. It has been referred to as "the most powerful company in the world" and as one of the world's most valuable brands due to its market dominance, data collection, and technological advantages in the field of artificial intelligence.
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BDO Unibank
BDO is a full-service universal bank in the Philippines, providing a complete array of industry-leading products and services including Lending (corporate and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Retail Cash Cards, Corporate Cash Management and Remittances. Through its local subsidiaries, the Bank offers Investment Banking, Private Banking, Leasing and Finance, Rural Banking, Life Insurance, Insurance Brokerage, and Online and Traditional Stock Brokerage services.
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RGE
Headquartered in Singapore, Royal Golden Eagle or RGE is a group of resource-based manufacturing companies with global operations. We produce sustainable natural fibres, edible oils, green packaging and clean natural gas used in consumer products such as paper, tissue, wet wipes, soap, shampoo, cooking oil and clothing.
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UOB
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of about 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. We believe in being a responsible financial services provider and we are committed to making a difference in the communities in which we operate.
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Pollination
Pollination is a specialist climate change investment and advisory firm dedicated to accelerating the transition to a net-zero, nature positive future. It works with clients across government, business, and public and private capital, helping them to navigate the climate transition. Pollination is also developing several net-zero-focused investment platforms and is a partner in Climate Asset Management, a joint venture with HSBC that currently has US$650m in Assets under Management, across natural capital and carbon strategies.
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SM Investments Corporation
SM Investments Corp (SMIC) is a holding company that operates through subsidiary entities in banking, retail, shopping mall, and real estate development sectors. The company develops, operates and maintains residential, commercial, hotels and convention centers, entertainment buildings, and condominiums.
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AVPN
AVPN is a unique funders’ network based in Singapore committed to building a vibrant and high impact social investment community across Asia. As an advocate, capacity builder, and platform that cuts across private, public and social sectors, AVPN embraces all types of engagement to improve the effectiveness of members across the Asia Pacific region.
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CDP
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action.
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Centre for Asian Philanthropy and Society (CAPS)
Established in 2013, the Centre for Asian Philanthropy and Society (CAPS) is committed to improving the quantity and quality of philanthropic giving throughout Asia. Our mission is to improve the social investment sector in Asia by identifying and disseminating best practices, models, policies and strategies that can contribute to positive system change.
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Centre for Sustainable Finance and Private Wealth
CSP brings together academic research and practical training programs. The global team consists of about 20 researchers and program staff enabling a modus operandi built on transforming questions into knowledge and bringing knowledge to action.
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Centre for Sustainable Finance Innovation (CSFI)
The Centre for Sustainable Finance Innovation (CSFI) was established in 2022 to spearhead top-notch research and practical education on two main themes: sustainable finance and financial innovations. Its vision is to forge a solid strategic alliance among academia, policymakers, and finance practitioners. The foundations of CSFI are built upon three pillars of Research, Practice and Education.
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Climate Governance Malaysia
Climate Governance Malaysia (CGM) is the country chapter for the World Economic Forum's Climate Governance Initiative, whose purpose is specifically to raise awareness about the top financial risks arising from the climate emergency amongst non-executive directors. This Initiative has laid out 8 clear and comprehensive principles to help guide boards of directors. CGM was the second country chapter in the world to be launched and first in Asia.
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Climate Policy Initiative (CPI)
Climate Policy Initiative (CPI) is an analysis and advisory organization with deep expertise in finance and policy. Our mission is to help governments, businesses, and financial institutions drive economic growth while addressing climate change. CPI has six offices around the world in Brazil, India, Indonesia, Kenya, the United Kingdom, and the United States.
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EU Asean Business Council
The EU-ASEAN Business Council (EU-ABC) is the primary voice for European Business within the ASEAN region. The overarching objective of the EU-ABC is to promote changes in policies, rules and regulations so that European businesses can more easily invest and develop their businesses in ASEAN, benefiting not only their own shareholders but local economies and populations as well.
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Global Compact Network Singapore
GCNS is the leading voice on corporate sustainability, GCNS drives multi-stakeholder action to forge a more sustainable future, founded on the Ten Principles of the United Nations Global Compact and the Sustainable Development Goals.
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IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
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Singapore Chamber of Commerce Indonesia
The Singapore Chamber of Commerce Indonesia acts as a bridge between Singapore and Indonesian businesses. The Chamber regularly hosts events and networking sessions to assist Singapore-based business leaders and entrepreneurs make connections with Indonesian government agencies and business community and gain a deeper understanding of emerging business opportunities in Indonesia.
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Singapore Green Finance Centre
The Singapore Green Finance Centre was established in 2020 as Singapore’s very first Centre of Excellence dedicated to driving Asia-focused green finance research and talent development. The Centre is a joint initiative between the Lee Kong Chian School of Business (LKCSB) at Singapore Management University and the Imperial College London. It is supported by the Monetary Authority of Singapore and nine leading financial institutions: Bank of China Limited, BNP Paribas, Fullerton Fund Management, Goldman Sachs, HSBC, Schroders, Sumitomo Mitsui Banking Corporation, Standard Chartered and UBS AG. SGFC is committed to developing high-impact applied research, engaging with the industry, and building capability.
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Singapore Institute of International Affairs
Established in 1962, the Singapore Institute of International Affairs (SIIA) is a non-profit and independent think tank committed to producing policy analysis, fostering in-depth dialogues and bridging gaps between policymakers, private sector decision-makers and experts to shape public policy and social responses.
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UNDP
UNDP is the United Nations' lead agency on international development. We work in over 170 countries and territories, helping to eradicate poverty, implement the Paris Agreement on climate change and achieve the Sustainable Development Goals. We connect countries to the knowledge, resources and networks they need to achieve development breakthroughs.
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World Climate Foundation
The World Climate Foundation is the most influential global platform focusing on accelerating action and creating impact for fighting climate change, restoring biodiversity and ensuring health resilience.We facilitate large-scale collaboration between governments, businesses, financial institutions and international organisations, enabling the transition to a net-zero, nature-positive future. We promote cross-sectoral partnerships that accelerate innovation in technologies, policies and investments and promote demand to deliver solutions for climate, biodiversity and health.
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