Global influencers initiative on shifting financial flows
As of: November 2019
Objective and activities
The project encourages the shift of financial flows away from fossil fuels into low carbon energy and development in Southeast Asia. Amongst Southeast Asian economies, Indonesia, the Philippines and Vietnam hold the biggest potential when shifting investment towards their significant untapped renewable energy sources. The shift brings the opportunity for those countries to accelerate growth, whilst mitigating their severe vulnerability to climate change, The “SHIFT Southeast Asia” project provides policy and implementation guidance to the public and private sectors, empowering local actors to activate the change of financial flows and support green financing. -- Combining the expertise of several local and international organizations, the project has been engaging with a variety of stakeholders through research, high-level convenings, coalitions and capacity building to support policy making and investment frameworks in favor of sustainable energy Solutions.
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/…