Signal · indexed from World Bank Documents & Reports
World Bank
The transition to a low-carbon economy demands an unprecedented scale of investment, with an estimated US$13.6 trillion in investments needed in the Asia-Pacific region by 2030. World Bank estimates suggest that large differencesin climate financing needs exist across country income classes—1.1 percent of gross domestic product, on average, in upper-middle-income countries, increasing to 4.4 percent in lower-middle-income countries and as much as 8.0 percent in low-income countries. But with appropriate policy reforms, most climate financing needs could be met by private investments across multiple key sectors. Taxonomies (meaning, classification systems for sustainable activities) have emerged as important tools for directing capital toward climate goals. While most existing taxonomies emphasize “green” activities, there is a growing recognition that taxonomies need to support “transition finance”— that is, finance which encourages the decarbonization of emissions-intensive and hard-to-abate sectors where low-carbon alternatives are not readily available. This study focuses on how transition is defined, operationalized, and embedded in Asian national and regional sustainable finance taxonomies.
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| Field | How we know | State | Confidence |
|---|---|---|---|
| Publication date | Official API or feed | Data quality: Source-backed | 100 |
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