ASEAN Catalytic Green Finance Facility 2019–2020: Accelerating Green Finance in Southeast Asia


Southeast Asia is estimated to need $210 billion per year between 2016 and 2030 to support investment in vital climate-compatible infrastructure.

However, infrastructure investment, particularly from private capital sources, was far below the levels needed. The infrastructure investment gap was estimated at between 3.8% to 4.1% of gross domestic product (when taking climate change into account)), in 2016–2020, in some ASEAN countries.

The ASEAN Catalytic Green Finance Facility (ACGF) was conceptualized and set up to develop and scale up climate-positive projects among member states of the Association of Southeast Asian Nations.

This report looks at the achievements of ACGF from the pilot phase between 2019 and 2021.


  • Executive Summary
  • Introduction
  • Setting Up ACGF Operations
  • Lending and Project Origination
  • Generating Knowledge and Building Capacity
  • Priorities for 2021
  • Appendix

Published January 2021.
Source: Asian Development Bank.

Download (3.07 MB)