Local investors needed to combat climate change in Asia

Local investors needed to combat climate change in Asia

THE climate crisis is intensifying and compounding an already challenging economic environment of high inflation and pressure on national budgets. With an estimated financing gap of over US$800 billion a year in developing Asian countries for climate mitigation and adaptation, there is a critical need to mobilise private-sector capital towards climate action at scale. For this to happen, we need to strengthen and grow domestic capital markets in…