Developing Asian countries, such as Indonesia, Kazakhstan, Thailand, and Viet Nam, have announced their net-zero carbon emission targets by mid-century at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, and financing climate change mitigation has been at the forefront of discussions for making ambitious climate action a reality.
While the number of responsible investors targeting green investments is growing, international financial institutions have also been urged to play their part and work toward unleashing the trillions in private and public sector finance required to secure global net zero. The Asian Development Bank (ADB), for instance, increased its climate finance target from $80 billion to $100 billion by 2030 and revised its Energy Policy ahead of COP26.
