Mr. Sunghoon Kris Moon, ADB
Ms. Sarah Hui Li, ADB
Ms. Natalja Wehmer, Associate Economic Affairs Officer, UNESCAP
Ms. Soumya Chaturvedula, ICLEI
Ms. Puja Sawhney, EU-Switch-Asia Programme
Mr. Paul Martin, UNCDF
lobal GHG emissions from the Asia-Pacific have significantly risen since 1990’s. High rates of urbanization further contribute to this issue through energy consumption and fossil fuel usage driven by increasing population growth. For example, Asia-Pacific cities are estimated to consume about 60%–80% of total energy supplied in the region and generate about 75% of its carbon emissions. These areas are also suffering from increasing vehicular emissions, unmanaged solid waste disposal, and high-energy use, all of which aggravate the global carbon footprint.
Additionally, Asia and the Pacific is also the most disaster-affected region in the world, home to more than 40% of disasters and 84% of people affected. Low, lying coastal cities are particularly vulnerable to climate change risks and disasters. Consequently, climate change impacts such as sea level rise, more extreme weather events and unpredictable rainfall patters further increase vulnerability risk. Therefore climate (or green) financing plays a major role in helping to achieve the SDGs encompassing direct links (SDG 13 – Climate Action) and a wide variety of indirect links such as SDG 6 (Clean Water and Sanitation) and SDG 7 (Clean and Affordable Energy). As such, improving access to and the deployment of such funding plays a critical role in the international development agenda.