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Unlocking Access To Climate Finance For Pacific Island Countries
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Book Synopsis Unlocking Access to Climate Finance for Pacific Island Countries by : Ms. Manal Fouad
Download or read book Unlocking Access to Climate Finance for Pacific Island Countries written by Ms. Manal Fouad and published by International Monetary Fund. This book was released on 2021-09-24 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.
Book Synopsis Unlocking Climate Finance in Asia-Pacific by : Cheng Hoon Lim
Download or read book Unlocking Climate Finance in Asia-Pacific written by Cheng Hoon Lim and published by International Monetary Fund. This book was released on 2024-01-29 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition to a sustainable future in the Asia-Pacific region has global economic significance. Despite driving global growth in recent years, the region's heavy coal reliance led to significant greenhouse gas emissions. Meeting climate mitigation and adaptation needs in emerging and developing Asia requires investment of at least $1.1 trillion annually. Actual investment falls short by about $800 billion. Asia-Pacific’s environmental performance has also hampered its ability to tap into private flows from the fast-growing ESG asset class, keeping the cost of issuing sustainable debt instruments relatively high compared to other regions. This paper provides an overview of the climate finance ecosystem in countries in the Asia-Pacific region and presents strategies to mobilize climate finance for the region’s transition to a sustainable future. The paper identifies challenges, including gaps in the climate information architecture, policy conflicts, global complexities, and emphasizes the need for coordinated action involving governments, central banks, financial supervisors, the IMF, and other multilateral institutions. In particular, • Governments need to establish a well-defined climate strategy with strong institutional oversight and coordination to strengthen the framework on data, taxonomies, and disclosures. Fossil fuel subsidies should be phased out and carbon pricing schemes expanded to create fiscal space for sustainable investments. Strengthening macroeconomic management is essential to attract private capital. • Financial supervisors and central banks should coordinate across jurisdictions to promote global, interoperable disclosure standards, enhance climate risk analysis and reporting, and incorporate climate-related financial risks into prudential frameworks. Developing climate labels for sustainable investment funds and shifting the focus of ESG scores to better capture sustainability and climate impact would foster trust in the evaluations. The IMF can drive climate action by integrating discussions in surveillance activities and strengthening data and statistics—including through capacity building and peer learning—to develop common standards around climate risk measurement and analysis. The Resilience and Sustainability Trust could contribute to reducing financing gaps through its catalytic and reform supporting functions, while multilateral development banks could scale up grant financing and concessional lending, and where appropriate adopt risk-mitigating mechanisms to expand lending capacity. Cooperation among multilateral institutions is essential to align efforts and resources to achieve a balanced allocation between mitigation and adaptation lending.
Book Synopsis Combatting Climate Change in the Pacific by : Marc Williams
Download or read book Combatting Climate Change in the Pacific written by Marc Williams and published by Springer. This book was released on 2017-12-12 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the regional complexes of climate security in the Pacific. Pacific Island States and Territories (PICTs) have long been cast as the frontline of climate change and placed within the grand architecture of global climate governance. The region provides compelling new insights into the ways climate change is constructed, governed, and shaped by (and in turn shapes), regional and global climate politics. By focusing on climate security as it is constructed in the Pacific and how this concept mobilises resources and shapes the implementation of climate finance, the book provides an up-to-date account of the way regional organizations in the Pacific have contributed to the search for solutions to the problem of climate insecurity. In the context of the United Nations Climate Change Conference (COP21) in Paris in 2015, the focus of this book on regional governance offers a concise and innovative account of climate politics in the prevailing global context and one with implications for the study of climate security in other regions, particularly in the developing world.
Book Synopsis Climate Finance Landscape of Asia and the Pacific by : Asian Development Bank
Download or read book Climate Finance Landscape of Asia and the Pacific written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-08-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report assesses climate finance in Asia and the Pacific and analyzes how it can be harnessed by developing member countries to expand climate action and spur low-carbon, resilient growth. Designed to help governments and development partners identify and address barriers, it offers a subregional breakdown and underscores the need for equitable access to funds to help countries meet their climate targets. It assesses financing gaps, considers how to increase investment, and outlines ways to scale up climate finance so that it reaches the countries and sectors that need it most.
Book Synopsis Development Co-operation Report 2023 Debating the Aid System by : OECD
Download or read book Development Co-operation Report 2023 Debating the Aid System written by OECD and published by OECD Publishing. This book was released on 2023-02-13 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last three years, multiple global crises and the growing urgency of containing climate change have put current models of development co-operation to, perhaps, their most radical test in decades. The goal of a better world for all seems harder to reach, with new budgetary pressures, demands to provide regional and global public goods, elevated humanitarian needs, and increasingly complex political settings.
Book Synopsis Funding the Future: Tax Revenue Mobilization in the Pacific Island Countries by : Mouhamadou Sy
Download or read book Funding the Future: Tax Revenue Mobilization in the Pacific Island Countries written by Mouhamadou Sy and published by International Monetary Fund. This book was released on 2022-09-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pacific Island Countries (PICs) face daunting spending needs related to achieving the UN Sustainable Development Goals (SDGs) and adapting to the effects of climate change. Boosting tax revenues will need to be an essential pillar in creating the fiscal space to meet SDG and climate-adaptation spending needs. This paper assesses the additional tax revenue that PICs could potentially collect and discusses policy options to achieve such gains. The main objectives of the paper are to (1) review the critical medium-term development spending requirements and available financing options, (2) document the main stylized facts about tax revenues in the PICs and estimate the additional tax revenue that countries could raise, (3) highlight the main bottlenecks preventing the PICs from further increasing their tax revenue collection with an emphasis on weaknesses in VAT systems, (4) draw lessons from successful emerging and developing countries that have managed to substantially and durably increased their tax revenues, and (5) propose tax policy and revenue administration reform priorities for Pacific Island Countries to boost tax revenues. The paper’s main findings are (1) The current revenue mix is skewed toward non-tax revenues, (2) PICs could collect an additional 3 percent of tax revenue in the short to medium term, (3) Many bottlenecks are preventing the PICs from boosting their tax revenue collection, and (4) The potential offered by efficient VAT systems is not fully exploited. To increase tax revenue in the Pacific Islands, the paper proposes the following reforms: (1) unwinding recent fiscal relief measures, (2) strengthening or introducing a VAT system; (3) rationalizing tax exemptions, (4) closing loopholes in the tax system, (5) reforming tax administration, and (6) introducing a medium-term revenue strategy.
Book Synopsis Green Finance and Investment Scaling Up Adaptation Finance in Developing Countries Challenges and Opportunities for International Providers by : OECD
Download or read book Green Finance and Investment Scaling Up Adaptation Finance in Developing Countries Challenges and Opportunities for International Providers written by OECD and published by OECD Publishing. This book was released on 2023-11-16 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyses current trends of adaptation finance provided and mobilised by developed countries for developing countries. It explores potential action areas for international providers to scale up funding for climate change adaptation, including by unlocking the potential of the private sector.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :81 pages Book Rating :4.4/5 (2 download)
Book Synopsis Tuvalu by : International Monetary Fund. Asia and Pacific Dept
Download or read book Tuvalu written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-07-21 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2023 Article IV Consultation discusses that a successful vaccination strategy allowed Tuvalu to lift coronavirus disease (COVID) containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real gross domestic product growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Growth is expected to accelerate as the lifting of COVID restrictions leads to the resumption of construction activity, shipping bottlenecks ease and the trade and hospitality sectors recover. Tuvalu is among the countries most vulnerable to the effects of climate change; its remote economy is dominated by the public sector; and its revenue base is narrow, with reliance on donor commitments further complicating fiscal planning. The economic setback due to the pandemic makes addressing these significant structural challenges more difficult. The report recommends promoting fiscal sustainability and building buffers by mobilizing revenues and rationalizing current expenditures.
Book Synopsis Macro-Fiscal Implications of Adaptation to Climate Change by : Mr. Zamid Aligishiev
Download or read book Macro-Fiscal Implications of Adaptation to Climate Change written by Mr. Zamid Aligishiev and published by International Monetary Fund. This book was released on 2022-03-23 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptation to climate change is an integral part of sustainable development and a necessity for advanced and developing economies alike. How can adaptation be planned for and mainstreamed into fiscal policy? Setting up inclusive coordination mechanisms and strengthening legal foundations to incorporate climate change can be a prerequisite. This Note identifies four building blocks: 1. Taking stock of present and future climate risks, identifying knowledge and capacity gaps, and establishing guidance for next steps. 2. Developing adaptation solutions. This block can be guided by extending the IMF three-pillar disaster resilience strategy to address changes in both extreme and average weather and would cover the prevention of risks, the alleviation of residual risks, and macro-fiscal resilience. 3. Mainstreaming these solutions into government operations. This requires strengthening public financial management institutions by factoring climate risks and adaptation plans into budgets and macro-frameworks, and in the management of public investment, assets and liabilities. 4. Providing for transparent evaluations to inform future plans. This involves continually monitoring progress and regularly updating adaptation plans.
Book Synopsis Pacific Forest Sector Outlook Study 2023 by : Nair, C.T.S.
Download or read book Pacific Forest Sector Outlook Study 2023 written by Nair, C.T.S. and published by Food & Agriculture Org.. This book was released on 2023-06-19 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outlook study focuses on the Pacific Small Island Developing States (SIDS), comprising 14 countries in the Pacific region – Fiji, Papua New Guinea, Solomon Islands, and Vanuatu (Melanesia); the Federated States of Micronesia, Kiribati, the Marshall Islands, Nauru, and Palau (Micronesia); and the Cook Islands, Niue, Samoa, Tonga, and Tuvalu (Polynesia). It examines the future prospects for forests and trees in the Pacific, providing insights into potential pathways of change and options for achieving the Sustainable Development Goals (SDGs). The study was prepared by FAO in response to a request from the Pacific Ministers of Agriculture and Forestry and incorporates information from country outlook papers, thematic studies, and various published and unpublished sources.
Book Synopsis Mobilizing Private Climate Financing in Emerging Market and Developing Economies by : Mr. Ananthakrishnan Prasad
Download or read book Mobilizing Private Climate Financing in Emerging Market and Developing Economies written by Mr. Ananthakrishnan Prasad and published by International Monetary Fund. This book was released on 2022-07-27 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global investment to achieve the Paris Agreement’s temperature and adaptation goals requires immediate actions—first and foremost—on climate policies. Policies should be accompanied by commensurate financing flows to close the large financing gap globally, and in emerging market and developing economies (EMDEs) in particular. This note discusses potential ways to mobilize domestic and foreign private sector capital in climate finance, as a complement to climate-related policies, by mitigating relevant risks and constraints through public-private partnerships involving multilateral, regional, and national development banks. It also overviews the role the IMF can play in the process.
Book Synopsis Solomon Islands Roadmap for Improving Access to Climate Finance and Public Spending 2022-2027 by : Solomon Islands. Ministry of Finance & Treasury. Climate Finance Resilience Unit
Download or read book Solomon Islands Roadmap for Improving Access to Climate Finance and Public Spending 2022-2027 written by Solomon Islands. Ministry of Finance & Treasury. Climate Finance Resilience Unit and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pacific Economic Monitor – August 2022 by : Asian Development Bank
Download or read book Pacific Economic Monitor – August 2022 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-08-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.
Book Synopsis Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific by : Ezequiel Cabezon
Download or read book Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific written by Ezequiel Cabezon and published by International Monetary Fund. This book was released on 2015-06-19 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries’ fiscal positions. This is the first cross-country IMF study assessing the impact of natural disasters on growth in the Pacific islands as a group. A panel VAR analysis suggests that, for damage and losses equivalent to 1 percent of GDP, growth drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0.7 percentage point lower than it would have been without natural disasters. The paper also discusses a multi-pillar framework to enhance resilience to natural disasters at the national, regional, and multilateral levels and the importance of enhancing countries’ risk-management capacities. It highlights how this approach can provide a more strategic and less ad hoc framework for strengthening both ex ante and ex post resilience and what role the IMF can play.
Book Synopsis Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program by : International Monetary
Download or read book Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-21 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and livelihoods. Slow-moving climate stresses such as sea level rise and increasing heat hazard are also likely to impact potential growth in the main economic sectors such as agriculture, fisheries, and tourism.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :82 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of the Marshall Islands by : International Monetary Fund. Asia and Pacific Dept
Download or read book Republic of the Marshall Islands written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-10-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real GDP declined by 4.5 percent in FY2022 due entirely to a decline in fisheries. However, excluding the sector, growth was 4.2 percent, fueled by a recovery in domestic demand. Inflation has picked up due to higher food and fuel prices, while the current account surplus narrowed as COVID-related grants declined and the trade deficit widened.
Book Synopsis Papua New Guinea by : International Monetary
Download or read book Papua New Guinea written by International Monetary and published by International Monetary Fund. This book was released on 2022-09-20 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papua New Guinea (PNG)’s economy is weathering the pandemic well, despite many challenges. Real GDP in 2022 is projected to exceed its 2019 level, and the medium-term outlook is positive, supported by investment in (and revenues from) the resource sector. The war in Ukraine is impacting PNG through higher commodity prices and higher inflation, with the former leading to a stronger balance of payments and higher fiscal revenues, since PNG is a large commodity producer. Risks remain skewed to the downside and include a worsening health situation given the low vaccination rate, volatility in commodity prices, and political instability.
