This report is a joint publication by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Global Green Growth Initiative (GGGI). ESCAP and GGGI are working together through research, policy assistance, and support for innovative financing solutions targeted at climate action and the achievement of net-zero emissions by 2050. Together we believe that countries’ nationally determined contributions need to be drastically enhanced to achieve carbon neutrality; and pledges need to be accommodated by policy action and financing to support investment in a green future.
ESCAP and GGGI are pleased to launch this joint publication, which examines critical policy gaps and barriers to climate finance. The report presents a range of financial instruments and mechanisms to address these critical constraints, including project finance, funds and facilities, thematic bonds, carbon pricing and debt for climate swaps. Our findings, highlight the utility, scalability, governance, and related monitoring issues to enable these pathways to sustainability to function effectively.