Policymakers from around Southeast Asia discussed how to finance low-carbon “green growth” with regional and international climate change experts during March 12-14, 2014 in Hanoi, Vietnam. The Asia LEDS Partnership regional workshop brought together government officials from Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, representatives of global climate change funds, state and private banks, and businesses to discuss options for funding green investments in sectors ranging from energy and transport to agriculture and manufacturing. The event was hosted by the Vietnam Ministry of Planning and Investment (MPI), with support from the US Agency for International Development (USAID), Climate and Development Knowledge Network (CDKN), SWITCH-Asia Network Facility, World Bank, United Nations Development Programme (UNDP), and United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). Technical content focused on addressing key challenges facing policymakers and implementers, and better understanding of how to use climate finance to leverage resources to further national low carbon and green growth strategies and their implementation.
Day 1 opened with remarks by Vice Minister of Planning and Investment Nguyen The Phuong on Vietnam's Green Growth Strategy and sustainable development goals, and a welcome by Asia LEDS Partnership Co-Chair Orestes Anastasia of USAID. This was followed by presentations on the state of climate finance to offer a foundation for discussions. The bulk of the day was structured to answer fundamental questions related to finance for green growth that have been raised by Asia LEDS Partnership members, such as how to assess finance needs and identify available sources of finance. The day ended with detailed presentations on four funds, by fund representatives.
Day 2 started with interactive roudtable discussions between country participants, experts, and fund representatives. Subsequent sessions focused on building capacity to access finance by examining the design of existing national climate and green growth related funds and options for leveraging private sector financing. The afternoon sessions included hands-on exercises on climate finance monitoring and evaluation.
Day 3 comprised of two invitation-only side sessions in investment planning to support green growth and LEDS (organized by The World Bank), and a networking event (organized by the SWITCH-Asia Network Facility).
Related Asia LEDS Partnership Activities on Climate Finance
In April 2013, based on the high interest in climate financing among members, the Asia LEDS Partnership worked with USAID, the Asian Development Bank (ADB), and CDKN to organize a regional workshop on climate financing in Manila, Philippines to promote better understanding among officials from developing Asian countries, commercial bankers, fund managers, and green project developers on mechanisms to finance low-emission growth.
- Presentations and other outcomes from the 2013 workshop are available at: http://lowemissionsasia.org/events/climate-finance-workshop-manila
- In addition, a series of video interviews with experts at the Manila workshop are available here, and on the Asia LEDS Partnership YouTube site at: http://www.youtube.com/channel/UC1UypRkklVBgRc-jqeOb2wA
For more details about this or other Asia LEDS Partnership activities, please email the Secretariat at: Secretariat@asialeds.org.