The lack of availability of appropriate financing options is still a major stumbling block for unlocking the climate change mitigation potential for Renewable Energy (RE) and Energy Efficiency (EE) in developing countries. A main reason is the missing know-how of bankers and investors in RE and EE, resulting in an exaggerated risk perception. The “Green Banking”, a joint project by RENAC and Association of Development Financing Institutions in Asia & Pacific (ADFIAP), focuses on sustainable capacity building measures and support for bankers and investors in Thailand, Vietnam, Indonesia, the Philippines and India.
The project, “Mainstreaming Sustainable Climate Action within Financial Institutions in the Philippines”, builds on the network of stakeholders established by UN-ESCAP and CCC through ADFIAP, to promote green finance and raise awareness amongst stakeholders about the opportunities that green finance has to offer and re-orient the financial sector towards low-carbon and climate-resilient investments in the Philippines.
