Financing green and climate resilient infrastructure in <scp>ASEAN</scp> countries

Glemarec, Yannick

doi:10.1002/ep.14097

Cited by 3 publications

(2 citation statements)

References 10 publications

(25 reference statements)

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“…This result is confirmed by Ref. 4 , 52 , 69 who revealed that the Global Climate Fund (GCF) approved an investment portfolio of $795 million in 2021 to support the region’s investment efforts. In addition, the GCF ASEAN Catalytic Green Finance Facility (ACGF) was recently implemented by the Asian Development Bank, which is a public–private co-investment initiative designed to simultaneously support a broad portfolio of green infrastructure to achieve sustainable development and to enable an inclusive economic recovery in the Southeast region.…”

Section: Resultsmentioning

confidence: 61%

“…On the other hand, public financing is the situation in that development projects are explicitly or implicitly funded by the government, thereby affecting the liability of the state 51 . From 2010 and 2021, debt and equity investments were made up of 47% and 48% of cumulative financing, with an extra 5% contribution from grants 52 . The study further noted that equity finance was mainly used to finance company expansion and growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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Examining public private partnership investment in energy towards achieving sustainable development goal 7 for ASEAN region

Hossin,

Alemzero,

Abudu

et al. 2024

Sci Rep

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The gradual progress in aligning financial flows with the adoption of clean technologies reveals a persistent funding gap, signaling a global misallocation of capital. Addressing this challenge necessitates political leadership and robust policies to counteract the insecurities impeding the redirection of financial flows. This study investigates into the impact of energy-related public–private partnership investments (PPPIE) and macro-environmental variables on the attainment of Sustainable Development Goal 7 (SDG7) across Association of Southeast Asian Nations (ASEAN) member countries from 1999 to 2021. Employing the Dynamac command technique, we conduct autoregressive distribution lag analysis and the Bounds Cointegration Test to evaluate ASEAN’s efforts in achieving SDG7. Results indicate that a ten-year exogenous shock to the GDP growth rate initially causes a temporary decline in both GDP and PPPIE, albeit not statistically significant. However, in the long run, the shock becomes statistically significant, correlating with a negative decline in the GDP growth rate. This underscores the negative impact of external factors like the COVID-19 pandemic on the economic growth of ASEAN member countries. Specifically, a percentage increase in PPPIE leads to an 8.3% reduction in the GDP growth rate, revealing a detrimental and unsustainable impact on the economy. This signifies that energy investments in the ASEAN region, are predominantly unsustainable and adversely impact economic growth. Moreover, these energy investments contribute to a significant 52.6% increase in greenhouse gas emissions, indicating a substantial setback in the region’s progress towards meeting SDG7’s clean energy objectives by 2030. This suggests the present state of PPPIE does not align with sustainable clean energy goals of the region. Therefore, recommendations should include diversifying energy sources and investment strategies to enhance sustainable clean energy. Also, policymakers and researchers should reassess the terms and conditions of PPPIE, refining frameworks for private sector involvement to align with long-term economic sustainability goals.

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Section: Resultsmentioning

confidence: 61%

Section: Literature Reviewmentioning

confidence: 99%