Value of the green finance market globally by 2030

The amount that emerging markets and developing economies ( excluding China ) will need to spend per year by 2030 to finance the SDGs and climate action

Sivakumaran points out two additional challenges highlighted in the report .

“ Asian banks and private finance entities are slow in making net zero commitments by 2050 with credible transition pathways that also set out interim goals ( such as in 2030 , 2040 etc .),” she says . “ If such commitments were in place , private finance could encourage the real economy to transition much faster .

“ The other challenge is also in building bankable green projects that align with the needs and standards of multiple investors , particularly in the countries that need it the most . Again , if investors had clear net zero commitments , the parameters of their financing may be able to fit the project pipeline available in such countries much better .” businesschief . asia 103