Regional: Accelerating Climate Transitions through Green Finance in Southeast Asia
The Accelerating Climate Transitions through Green Finance in Southeast Asia (ACT) knowledge and support technical assistance (TA) will provide a regional platform to help developing member countries (DMCs) in Southeast Asia mobilize public and private finance for commitments under the Paris Agreement, including nationally determined contributions (NDCs) and the Sustainable Development Goals. ACT will respond to ADB's elevated ambition to deliver $100 billion in climate finance from 2019 to 2030. It will leverage support from the Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility (ACGF) financing partners to strengthen upstream planning, project origination, and capacity to accelerate a pipeline of green projects for the region. As an expanded knowledge and support TA, ACT will provide integrated support for knowledge and transaction TA-type activities across several stages of the project cycle: country planning and programming, origination, preparation, and implementation.
Project Details
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Project Officer
Crishna Morgado, Naeeda
Southeast Asia Department
Request for information -
Country/Economy
Regional -
Sector
- Finance
| Project Name | Accelerating Climate Transitions through Green Finance in Southeast Asia | ||||||
| Project Number | 56186-001 | ||||||
| Country / Economy | Regional Cambodia Indonesia Lao People's Democratic Republic Malaysia Philippines Thailand Timor-Leste Viet Nam |
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| Project Status | Active | ||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector |
Agriculture, natural resources and rural development / Agricultural policy, institutional and capacity development - Rural water policy, institutional and capacity development Energy / Energy efficiency and conservation Finance / Infrastructure finance and investment funds Transport / Multimodal logistics Water and other urban infrastructure and services / Urban policy, institutional and capacity development |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | ||||||
| Description | The Accelerating Climate Transitions through Green Finance in Southeast Asia (ACT) knowledge and support technical assistance (TA) will provide a regional platform to help developing member countries (DMCs) in Southeast Asia mobilize public and private finance for commitments under the Paris Agreement, including nationally determined contributions (NDCs) and the Sustainable Development Goals. ACT will respond to ADB's elevated ambition to deliver $100 billion in climate finance from 2019 to 2030. It will leverage support from the Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility (ACGF) financing partners to strengthen upstream planning, project origination, and capacity to accelerate a pipeline of green projects for the region. As an expanded knowledge and support TA, ACT will provide integrated support for knowledge and transaction TA-type activities across several stages of the project cycle: country planning and programming, origination, preparation, and implementation. | ||||||
| Project Rationale and Linkage to Country/Regional Strategy | ACT will mobilize $750 million in climate finance from ADB and cofinancing partners to support projects that, combined, could reduce 450,000 tons of carbon dioxide equivalent per year. The TA is aligned with ADB's Strategy 2030, with an emphasis on operational priority 3 on tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability, and with ADB's Climate Change Operational Framework 2017-2030. | ||||||
| Impact | Increased public and private green and climate financing in Southeast Asia. |
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| Project Outcome | |
|---|---|
| Description of Outcome | Investment planning improved; project pipelines expanded; and capacity for low-carbon, climate resilient, and environmentally sustainable investments strengthened |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Upstream planning and enabling frameworks for climate and green finance strengthened Innovative climate and green finance models and structures developed Regional green finance approaches, knowledge, and capacity enhanced |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Cambodia - Nation-wide; Indonesia - Nation-wide; Lao People's Democratic Republic - Nation-wide; Malaysia - Nation-wide; Philippines - Nation-wide; Thailand - Nation-wide; Timor-Leste - Nation-wide; Viet Nam - Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Crishna Morgado, Naeeda |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Office of the Director General, SERD |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | 06 Oct 2022 |
| Fact Finding | - |
| MRM | - |
| Approval | 02 Nov 2022 |
| Last Review Mission | - |
| Last PDS Update | 03 Nov 2022 |
TA 6983-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 02 Nov 2022 | - | 02 Nov 2022 | 30 Nov 2029 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 4,900,000.00 | 10,100,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15,000,000.00 | 28 Nov 2022 | 0.00 |
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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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Accelerating Climate Transitions through Green Finance in Southeast Asia: Technical Assistance Report | Technical Assistance Reports | Nov 2022 |
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.
Related Publications
None currently available.
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.
Requests for information may also be directed to the InfoUnit.
Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Dashboard/Database Development and Maintenance Specialist | Individual - Consulting | Active | 03 Feb 2023 | 14 Feb 2023 |
| National Climate Change and Country Planning Specialist (for Cambodia) | Individual - Consulting | Closed | 24 Jan 2023 | 31 Jan 2023 |
| Climate Change and Country Planning Specialist (Regional) | Individual - Consulting | Closed | 28 Dec 2022 | 13 Jan 2023 |
| Climate Change and Country Planning Specialist (For Cambodia) | Individual - Consulting | Closed | 28 Dec 2022 | 19 Jan 2023 |
| National Agribusiness Value Chain Specialist | Individual - Consulting | Closed | 24 Dec 2022 | 28 Dec 2022 |
| International Agribusiness Value Chain Specialist | Individual - Consulting | Closed | 08 Dec 2022 | 14 Dec 2022 |
| National Financial Sector Specialist | Individual - Consulting | Closed | 07 Dec 2022 | 18 Dec 2022 |
| International Climate Change Specialist | Individual - Consulting | Closed | 07 Dec 2022 | 13 Dec 2022 |
| International Financial Sector Specialist | Individual - Consulting | Closed | 29 Nov 2022 | 05 Dec 2022 |
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.