Bridging the Climate Finance Gap Entails Tapping All Available Resources


Southeast Asia needs to tap all available resources to bridge the climate financing gap, said Indonesia Finance Minister Sri Mulyani Indrawati, in her keynote address at the Asian Development Bank's (ADB) fourth Southeast Asia Development Symposium.

“It is very imperative for all of us to be able to design the right policy and regulatory framework, as well as investment climate, so that we attract more private participation both domestically and globally,” she said in her keynote address.

She also spoke about Indonesia’s use of fiscal solutions, like carbon tax and carbon pricing as well as catalytic funding and innovative financing like green sukuk and SDG bonds to raise capital to address climate change.

With the theme, "Imagining a Net-Zero ASEAN," SEADS 2023 held on 30 March explored measures governments, communities, and the private sector could take to progress toward carbon neutrality.