Learn how to use nationally appropriate mitigation actions as instrument to catalyze climate finance. This presentation discusses the role of climate finance to achieve sustainable transport. It also explains how to integrate climate finance into traditional financing for the transport sector.

With over 400 million people without access to electricity and modern fuels, energy poverty persists in Asia. To assist the region leapfrog into a low-carbon economy, ADB has committed to continue investing in the energy sector, introduce new technologies that harness clean energy and improve energy access, and provide soft support in creating an enabling environment.

The Green Climate Fund (GCF) is mandated to promote low-emission and climate resilient development in marginalized countries. Since its inception, it has funded various projects in the water sector, where most of the impacts of climate change is being felt. Currently, over US$ 2.65 billion GCF funds are committed to 54 projects. This presentation provides an overview of the GCF, including information on how it assesses project proposals.

Protecting and restoring tropical forests is a large-scale and cheap way to reduce emissions of the greenhouse gases that cause climate change. The 2015 Paris Agreement of the United Nations Framework Convention on Climate Change encourages the international transaction of credits for reducing emissions from tropical deforestation (REDD+). A large-scale buyer of REDD+ credits has yet to emerge, but several promising developments have occurred recently. Bilateral agreements, e.g., between Brazil and Norway, have shown proof of the concept of payment-for-performance for forest conservation.

Asia has seen remarkable growth in the last four decades though at the expense of inequality and environmental degradation. Lal Shanker Ghimire from the National Planning Commission of Nepal pointed out the need for Asia to move into a development model that considers economic, social, and environmental impacts.

Adopting a paradigm shift towards low-emission and climate-resilient development pathways, the Green Climate Fund catalyzes climate finance by channeling financial resources to developing countries. The fund pursues a country-driven approach and promotes and strengthens relevant institutions and stakeholders.

The World Resources Institute outlines the governance structure and mechanics of the Clean Technology Fund and the Strategic Climate Fund. These program funds are specifically designed to support country and regional development strategies or scaling up initiatives for sustainable development.