Summary: Asia may have made headway in channeling investments into green projects, but it needs $26.2 trillion between 2016 and 2030 or $1.7 trillion annually to finance sustainable and climate-resilient infrastructure. Southeast Asia alone needs an estimated $110 billion annually for investment in power, transport, information and communication technology, and water and sanitation through 2025. Asia has a lot more catching up to do than other regions. In 2016, green investments in Asia, excluding Japan, totaled $52 billion, accounting for only 0.8% of all funds under management in the region. This pales in comparison with 52.6% in Europe, 50.6% in Australia and New Zealand, 37.8% in Canada, and 21.6% in the United States. Ulrich Volz of SOAS explains. Read the transcript https://bit.ly/2RTi7r9 Read the working paper https://www.adb.org/publications/fostering-green-finance-sustainable-development-asia About the author Ulrich Volz is head of the Department of Economics at SOAS, University of London. Know more about ADBI’s work https://bit.ly/2SEYAus https://bit.ly/2SJw2Ac
