The Association of Southeast Asian Nations (ASEAN) region is working to develop a low-carbon and climate-adapted economy. However, this requires a system that defines sustainable investments. In addition, government regulations must be further developed to promote green investments. Capital for climate-friendly projects must be mobilized, especially from the private sector. State financial supervisory authorities and institutions need better regional coordination, more expertise and awareness. The aim of the project is for ASEAN member states to coordinate and exchange knowledge on regulations. The project is working with ASEAN countries to further develop the political framework so that more private capital flows into climate-friendly investments. This is intended to promote the transition to a low-carbon, inclusive and resilient economy. Important measures of the project are:
- It is working with ASEAN countries on regulations to develop regionally aligned, environmentally responsible financial systems. It also promotes uniform sustainability standards in the national and regional financial sector. This should reduce discrepancies and increase cross-border investments.
- In addition, the project is developing a system for the region to classify green investments on the financial market, such as climate-friendly bonds and loans.
- It is setting up a regional hub for green bonds ("Green Bond Hub"). This exchange platform is intended to support financial supervisory authorities and institutions in developing a market for responsible bonds and making it more effective, transparent, comparable and credible.