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BIMP-EAGA

BIMP-EAGA

The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area, or BIMP-EAGA, is a cooperation initiative established in 1994 to spur development in remote and less developed areas in the four participating Southeast Asian countries.

Residents of Jakarta enjoy their city without the usual traffic congestion during the annual car-free day. Photo credit: ADB.
Article

How Land Value Capture Can Help Finance Cities

Value capture financing taps into increases in property values, among other benefits, resulting from infrastructure investments.
ASEAN needs $3.7 trillion to $6.7 trillion in green investments. Setting up a regional enewable energy certificate system is expected to increase investments in renewable energy and help realize the ASEAN Power Grid vision of a fully integrated system by supporting cross-border electricity trade. Photo credit: ADB.
Article

Harnessing the Potential of Renewable Energy Certificates to Finance ASEAN’s Energy Transition

A project supported by the BIMP-EAGA–Republic of Korea Fund provides a conceptual framework for creating a regional market.