Climate Investment Opportunities in South Asia
South Asia is home to three of the top five countries in terms of vulnerability to climate change globally.It thus urgently needs climate investment to enhance resilience and unlock opportunities for low carbon growth. The region is one of the fast...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
Washington, DC
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/557171515581608419/Climate-investment-opportunities-in-South-Asia-an-IFC-analysis http://hdl.handle.net/10986/29205 |
| Summary: | South Asia is home to three of the top
five countries in terms of vulnerability to climate change
globally.It thus urgently needs climate investment to
enhance resilience and unlock opportunities for low carbon
growth. The region is one of the fastest growing regions in
the world; however, estimates suggest that climate impacts
could reduce its annual gross domestic product by an average
of 1.8 percent by 2050,rising to 8.8 percent by 2100.The
good news is that the region has governments that are
actively pursuing ambitious policies to address climate
change. Moreover, its private sector is already investing in
climate-smart sectors, developing new business models and
technologies,building more resilient supply chains, and
growing their operations in sustainable way.Countries of
focus for this report have been identified based on
IFC’soperational regional grouping for South Asia, which
includes Bangladesh,Bhutan, India, the Maldives, Nepal, and
Sri Lanka. All six of these countries have ratified the 2015
Paris Agreement and pledged to tackle climate change in
support of it, as part of their ambitious long-term economic
growth and sustainable development plans. Almost all the
Nationally Determined Contributions (NDCs) across the region
make some reference to the private sector’s role. Climate
business activity in keysectors such as renewable energy,
green buildings, and energy-efficiency has increased since
the Paris Agreement, boosted by governments’ commitments to
address climate change. |
|---|