The TA is consistent with the priorities under Strategy 2020, the MTR priorities and the Environment Operational Directions, 2013-2020, specifically with the objectives relating to strengthening environmental governance, institutions and management capacity. It will also support sustainable development goals supporting environmental management under the 2030 Agenda for Sustainable Development approved by the UNGA in September 2015.
|Project Name||Scaling Up Private Sector Participation and Use of Market-Based Approaches for Environmental Management|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Governance and capacity development
Private sector development
|Sector / Subsector||
Agriculture, natural resources and rural development / Forestry
Public sector management / Public administration
Water and other urban infrastructure and services / Urban policy, institutional and capacity development
|Gender Equity and Mainstreaming||No gender elements|
|Description||The TA is consistent with the priorities under Strategy 2020, the MTR priorities and the Environment Operational Directions, 2013-2020, specifically with the objectives relating to strengthening environmental governance, institutions and management capacity. It will also support sustainable development goals supporting environmental management under the 2030 Agenda for Sustainable Development approved by the UNGA in September 2015.|
|Project Rationale and Linkage to Country/Regional Strategy||
The TA will build on RDTA 41273-1: Preparation of the 2010 Asia Environment Outlook, which reviewed the country policy frameworks in the region in the context of the preparation of the Green Growth Resources and Resilience Report.
First the TA will undertake a global and regional review/stocktaking of the development and application in both advanced and developing countries of (i) market-based instruments for environmental management such as green taxes, pollution charges, targeted subsidies, tradable permits, liability rules, bonds, and deposit refunds schemes among others; and (ii) other flexible policy instruments, quasi standards and voluntary arrangements for environmental management such as environmental management standards, codes of conduct, sustainability reporting, public disclosure of corporations' environmental performance, the ISO 14000 series, and others. Policy dialogue and preparation of roadmaps for the development of MBIs and other flexible policy instruments will also be supported in a 2-3 participating DMCs. The aim is to analyze experience, document and share lessons and good practices and understand the applicability and potential expansion of different policy instruments in the Asia-Pacific region.
Second, the TA will prepare and organize the first Green Business Forum, a flagship event and the first specifically on green business in ADB, which will be held in 2017 at the ADB headquarters. In anticipation of the Forum the TA will also conduct a review of green business sectors operating globally and in particular those in the region. The findings will be organized into a Green Business Stocktaking Report based on 6-8 background papers which will be developed on how best to promote green business investments in the Asia- Pacific region.
|Impact||Improved environmental performance in Asia and the Pacific region (defined by the project)|
|Description of Outcome||Public and private stakeholders' knowledge on the applicability of MBAEMs and opportunities for green business increased|
|Progress Toward Outcome|
|Description of Project Outputs||
1. Knowledge products developed and disseminated
2. Pilot country road maps toward greater use of market-based approaches for 2 or 3 DMCs developed
3. Flagship event on green business held
|Status of Implementation Progress (Outputs, Activities, and Issues)||
Output 1: Knowledge products
(1.1a) Stocktaking/review on the global and regional experience and applicability of market-based approaches for environmental management in Asian countries completed. Draft analytical findings and recommendations were disseminated and discussed with DMC officials, development partners, and technical experts at 2 international knowledge sharing events in Sweden and Viet Nam and reviewed at the Regional Workshop for Market-Based Approaches for Environment Management last 10 and 11 July 2018 at ADB HQ. The final report is scheduled for publication by end of 2019.
(1.1b) Inventory of market-based instruments for environmental management in Asia completed and to be shared with OECD.
(1.2a) A Sustainable Development Working Paper, The Business of Greening: Policy Measures for Green Business Development in Asia, was published in January 2019. Three explainers (Making Green Business Work; Green Finance, Explained; and How Can Policy Makers Promote Green Business?) and a blog (Promoting green business: 3 priorities for action) were published. Findings were disseminated and discussed with DMC officials, development partners, and technical experts at 2 international conferences in Thailand and Viet Nam. A full review on the status and trends of green businesses in Asia is completed and scheduled for publication by end of 2019.
(1.2b) Multimedia proceedings of the 2016 Green Business Forum, including a detailed summary report as well as presentations and videos, have been published online.
Output 2: Pilot country road maps toward greater use of market-based approaches for 2 or 3 DMCs:
(i) Position papers with recommendations for scaling up innovative economic instruments for ecosystem services protection and rural wastewater management in the PRC's 14th Five Year Plan completed.
(ii) Study with recommendations for mainstreaming standards for sustainable cashmere production in Mongolia completed.
Output 3: Flagship event on green business:
(i) ADB successfully hosted the first Green Business Forum for Asia and the Pacific in November 2016 with participation of business executives and DMC officials, civil society and financial institutions representatives, national and international experts, and other stakeholders who shared knowledge and identified avenues for promoting green business solutions in the region. The Forum had 19 sessions, including 6 plenaries, and was attended by about 450 participants including 86 speakers, and 16 exhibitors from across the region and other member countries.
(ii) The Forum has provided further impetus to enhance ADB operations supporting sustainable agriculture and rural enterprises, investments in natural capital, and sustainable tourism, among others, and helped identify opportunities for green finance, knowledge management, technology development, business innovation and support to DMCs to create the necessary enabling policy environment for green business development. The Forum confirmed strong interest and demand from DMCs and private sector entities for support in the promotion of green business.
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Responsible ADB Officer||Endo, Isao|
|Responsible ADB Department||Sustainable Development and Climate Change Department|
|Responsible ADB Division||SDSS|
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Philippines
|Concept Clearance||12 Nov 2015|
|Approval||12 Apr 2016|
|Last Review Mission||-|
|Last PDS Update||22 Jul 2019|
|Approval||Signing Date||Effectivity Date||Closing|
|12 Apr 2016||-||12 Apr 2016||31 Aug 2018||15 Jul 2019||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|1,500,000.00||0.00||0.00||0.00||0.00||0.00||1,500,000.00||12 Apr 2016||1,394,480.78|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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|Title||Document Type||Document Date|
|Scaling Up Private Sector Participation and Use of Market-Based Approaches for Environmental Management: Technical Assistance Completion Report||TA Completion Reports||Dec 2019|
|Opportunities for Scaling Up Market-Based Approaches to Environmental Management in Asia: Technical Assistance Consultant's Report||Consultants' Reports||Jun 2019|
|Challenges and Opportunities for Green Businesses in Asia and the Pacific: Technical Assistance Consultant's Report||Consultants' Reports||Jun 2019|
|Scaling Up Private Sector Participation and Use of Market-Based Approaches for Environmental Management: Technical Assistance Report||Technical Assistance Reports||Apr 2016|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
|Title||Document Type||Document Date|
|The Business of Greening: Policy Measures for Green Business Development in Asia||Papers and Briefs||Jan 2019|
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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