Adequate, appropriate finance is crucial for sustainable development in the Asia-Pacific region. The United Nations Economic and Social Commission for Asia and the Pacific UN (ESCAP) estimates that the region needs to invest around US$2.5 trillion a year between 2013 and 2030 to achieve key sustainable development goals:
- US$500-800 billion to close gaps in education, health, employment, social protection and basic access to energy services.
- US$800-$900 billion for developing infrastructure for energy, transport, telecommunications and water and sanitation.
- US$500-800 billion for climate change mitigation and renewable energy.
This briefing has been produced by the UNEP Inquiry as a contribution to discussions at the Regional Consultation on Financing for Development in Asia and the Pacific which took place in Jakarta, Indonesia in April 2015. It draws on the Inquiry’s ongoing research, and country engagement in particularly focusing on the sustainable development, financial systems and actions to be conducted for the Asia and the Pacific region.
The Black Carbon Finance Study Group (BCFSG), led by the World Bank Group and United Nations Environment Programme’s Finance Initiative with support from the CCAC, investigated ways to scale up financing and investments for black carbon mitigation. Its new report identifies existing funds and potential financial mechanisms that could attract more funding and outlines strategies for scaling up in future.
The BCFSG, comprised of 30-40 experts with backgrounds in operations, policy, science and finance, began its working sessions in June 2014. Their main mission was to identify priority sectors to focus on, key investment opportunities, and the potential financing mechanisms to lower black carbon emissions.
As a result, two black carbon intense sectors (domestic cooking and heavy diesel) were recognized as mature enough to attract public and private sector financing, and had sufficient performance standards to measure progress. While it was not in the working group’s mandate to identify performance metrics they determined that having clear ways of measuring black carbon abatement is crucial to attract funding.
In its role as risk manager, risk carrier and investor, insurance is at the heart of a sustainable financial system. Initiatives to harness insurance for sustainable development are picking up momentum – and 2015 represents a critical opportunity to think ahead about the priorities for scaling up action. International milestones on disaster risk reduction, finance for development, new sustainable development goals and a new climate change agreement provide the context for strategic reflection on the policies and partnerships necessary to realise the full potential of insurance.
This report presents a suite of options that could strengthen the alignment between the insurance industry and sustainable development through to 2030. Insurance firms and regulators have identified a set of interlocking priorities for insurance looking forward to 2030, such as natural disasters, access to insurance, climate change, socio-economic disruptions and long-term investment.
In a global context, It is increasingly recognized that the tourism sector can make a major contribution to the green economy through more sustainable practices, climate change mitigation and ecotourism. The role of tourism sector will continue to be crucial in the post-2015 sustainable development agenda too. However, there are ambiguities about how tourism and allied industries can maximize their contribution to human well-being and ensure environmentally sustainability, embracing issues of political economy, geography and business ethics.

In the past decade, the growing realization that biodiversity and human wellbeing are inextricably linked has led to the adoption of numerous environmental policies. The concept of the green economy has gained particular attention as an economic system where growth is possible within environmental limits. The preservation of ecosystem services and the halt of biodiversity loss are identified as key pillars of the green economy. Despite the concept’s momentum there is still no clear understanding of how biodiversity fits within a green economy. In the current debate, biodiversity is rarely acknowledged in economic sectors other than agriculture, forestry, fisheries and tourism, and when it is acknowledged biodiversity and its conservation feature more as buzzwords than as concrete and tangible components of the green economy. This book aims to identify, understand and offer pragmatic recommendations of how biodiversity conservation can become an agent of green economic development. This book establishes ways to assess biodiversity’s contributions to the economy and to meaningfully integrate biodiversity concerns in green-economy policies.