Regional: Accelerating Climate Transitions through Green Finance in Southeast Asia

Sovereign Project | 56186-001

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

  • 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
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6983-REG: Accelerating Climate Transitions through Green Finance in Southeast Asia
Technical Assistance Special Fund US$ 4.90 million
Green Climate Fund US$ 10.10 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
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

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.

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.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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.


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.