Global influencers initiative on shifting financial flows
As of: August 2019
Objective and activities
The “Shifting financial Flows to invest in Low-carbon Development in Southeast Asia” (SHIFT SEA) project encourages this shift of financial flows to low carbon development in Indonesia, the Philippines and Vietnam. Combining the expertise and resources of several local and international organizations, the project engages with a variety of stakeholders through research, high-level convenings, coalitions and capacity building to influence local and national policy making and investment frameworks in favour of renewables and energy efficiency. SHIFT SEA provides guidance to the public and private sectors, empowering local actors to activate the change of financial flows and support green financing in Southeast Asia. To complement the bottom up action, SHIFT SEA also assesses the quality of international financial institutions (IFIs) investment flows against their Paris Agreement commitments, and reviews regulatory indicators for achieving sustainable energy.
State of implementation/results
One of the most recent milestones is the launch the new multi-stakeholders’ network in Indonesia Read more To complement the project’s bottom up approach and efforts to support countries in fulfilling their commitments to the Paris Climate Agreement, an assessment of international financial institutions’ investment flows, including the Asia Development Bank, and a commercial banks’ review of positive regulations for financing clean energy will be published soon. Concrete best practice cases and recommendations will be presented during dedicated sessions at the Asian Clean Energy Forum in Manila in June 2019 . For more details and news, follow #SHIFTSEA; www.seforall.org/…