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
Source Amount
Technical Assistance Special Fund US$ 4.90 million
Green Climate Fund US$ 10.10 million
TA 6983-REG: Accelerating Climate Transitions through Green Finance in Southeast Asia
Source Amount
United Kingdom-ASEAN Catalytic Green Finance Facility Trust Fund US$ 1.50 million
Republic of Korea e-Asia and Knowledge Partnership Fund US$ 1.50 million
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP2: Accelerating progress in gender equality
  • OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
  • OP4: Making cities more livable
  • OP5: Promoting rural development and food security
  • OP6: Strengthening governance and institutional capacity
  • OP7: Fostering regional cooperation and integration
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
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

Contact

Responsible ADB Officer
Crishna Morgado, Naeeda
Responsible ADB Department
Southeast Asia Department
Responsible ADB Division
Green Finance Hub Unit, SERD (SGFH)
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

Funding

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
ADB Cofinancing Counterpart Total
Gov Beneficiaries Project Sponsor Others
4,900,000.00 13,100,000.00 0.00 0.00 0.00 0.00 18,000,000.00
Cumulative Disbursements
Date Amount
04 Jun 2024 1,846,878.03

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.

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
Climate Assessment and Climate Risk Expert Individual - Consulting Closed
Lead Waste Management Specialist (International) Individual - Consulting Closed
Waste Management Expert (National) Individual - Consulting Closed
Laguna Lake Area Climate Change Risk and Adaptation Assessment Firm - Consulting Closed
Junior Environmental Policy Specialist (ID No. 20275) Individual - Consulting Closed
ID no. 20277 Individual - Consulting Closed
Marine Debris Program Coordinator - Indonesia Individual - Consulting Closed
Biodiversity and Adaptation Finance Specialist Individual - Consulting Closed
GCF Baseline Specialist (International) Individual - Consulting Closed
Capacity Building and Events Expert (National) Individual - Consulting Closed
National Coordinator and Public Engagement Specialist Individual - Consulting Closed
Fishery, Coastal and Marine Biodiversity Specialist Individual - Consulting Closed
Environmental Law and Policy Specialist Individual - Consulting Closed
Plastic Waste and Solid Waste Management Specialist Individual - Consulting Closed
International Partners and Knowledge Management Specialist Individual - Consulting Closed
National Institutional Coordination Specialist (Blue SEA Finance Hub) - Indonesia Individual - Consulting Closed
Cambodia Wind Project Firm - Consulting Closed
OneADB Green Buildings Program: Thailand Green Buildings State of the Sector Study Individual - Consulting Closed
Study for the RORO business in the Philippines (National) Individual - Consulting Closed
Green-Sustainable-Social-Blue (GSSB) Bond Issuance Firm - Consulting Closed
Partnerships & Reporting Specialist Individual - Consulting Closed
Accelerating Climate Transitions through Green Finance in Southeast Asia - International Climate Change Specialist (Infrastructure) Individual - Consulting Closed
Climate Finance Specialist Individual - Consulting Closed
Gender Specialist (Development of a Gender and Social Inclusion Plan for the ACGF) Individual - Consulting Closed
Green Finance Hub and ACGF Project Origination and Structuring Specialist Individual - Consulting Closed
Climate Change Programming Specialist Individual - Consulting Closed
Solar and BESS Pilot Project Firm - Consulting Closed
Engagement 2b: Technical Screening Criteria for 1 focus sector and Primary Data Collection Firm - Consulting Closed
Financial Structuring Expert Individual - Consulting Closed
International Finance Expert 2 (Taxonomy) Individual - Consulting Closed
International Finance Expert (Taxonomy) Individual - Consulting Closed
Strategic Planning Specialist (Green Finance Hub Knowledge Management and Communcation) Individual - Consulting Closed
Urban Climate Change Resilience Specialist Individual - Consulting Closed
Project Management Lead (GSS+ Bond Initiatives) Individual - Consulting Closed
Dashboard/Database Development and Maintenance Specialist Individual - Consulting Closed
National Climate Change and Country Planning Specialist (for Cambodia) Individual - Consulting Closed
Climate Change and Country Planning Specialist (Regional) Individual - Consulting Closed
Climate Change and Country Planning Specialist (For Cambodia) Individual - Consulting Closed
National Agribusiness Value Chain Specialist Individual - Consulting Closed
International Agribusiness Value Chain Specialist Individual - Consulting Closed
National Financial Sector Specialist Individual - Consulting Closed
International Climate Change Specialist Individual - Consulting Closed
International Financial Sector Specialist Individual - Consulting Closed

Contracts Awarded

Contract Title Approval Number Contract Date Contractor | Address Executing Agency Total Contract Amount (US$) Contract Amount Financed by ADB (US$)
Research and Development Technical Assistance Technical Assistance 6983 18 Jul 2023 DNV GL Thailand Co., Ltd. (THAILAND) in association with DNV GL Business Assurance Australia Pty. Ltd. (AUSTRALIA) | SJ Infinity One, 349 Vibhavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok, 10900 Thailand Asian Development Bank 109,967.00

Procurement Plan

None currently available.