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Sustainable Finance: Bridging the Gap in Asia and the Pacific
October 18 , 2023
405 days
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- It was a new report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has put forward 10 principles for action for policymakers, regulators and private financers.
- Only 17 of the 51 Asia-Pacific countries party to the UN Framework Convention on Climate Change have assessed and reported their financial needs to meet their Nationally Determined Contributions.
- Only seven have broken down financial needs between adaptation and mitigation.
- Average economic losses in the region from disaster-related and other natural hazards are expected to rise to $1.1 trillion in a moderate climate-change scenario.
- 1.4 trillion USD in a worst-case scenario of above.
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