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Fiscal Policy and Sustainable Finance: Enhancing the Role of the Financial Sector in Achieving the Sustainable Development Goals

Fiscal Policy and Sustainable Finance: Enhancing the Role of the Financial Sector in Achieving the Sustainable Development Goals

Year Published

2024

Contributing Organisations

Asian Development Bank (ADB)
Association of Southeast Asian Nations (ASEAN)
Climate Bonds Initiative (CBI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Climate Policy & Policy Engagement

Target Audience

Governments & Policymakers
Banks
MDBs/DFIs
Education Providers / Think Tanks / NGOs

Relevant Geography

Asia & the Pacific
Fiscal Policy and Sustainable Finance: Enhancing the Role of the Financial Sector in Achieving the Sustainable Development Goals

Resource Summary

This report shows how countries in Asia and the Pacific can integrate climate action into fiscal policies to trigger the release of the private sector finance urgently needed to combat the fast-growing impacts of climate change. It features successful measures implemented by the Association of Southeast Asian Nations plus three (ASEAN+3) countries, to provide a wide range of recommendations for policymaking. The report sets out how policies such as green sovereign guarantees and subsidies can be employed. It suggests drawing up a sustainable finance roadmap to show how policies that prioritize climate action connect with real economic activities and encourages countries to adopt multi-pronged strategies to drive change.

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