Fiscal Policy and Sustainable Finance

This report shows how countries in Asia and the Pacific can integrate climate action into fiscal policies to trigger the release of the massive private sector finance urgently needed to combat the fast-growing impacts of climate change. Highlighting successful measures implemented by the Association of Southeast Asian Nations plus three (ASEAN+3) countries, the report sets out how policies such as green sovereign guarantees and subsidies can be employed. It suggests drawing up a sustainable finance roadmap to show how policies that prioritize climate action connect with real economic activities and encourages countries to adopt multi-pronged strategies to drive change.