Women Leaders from Across the Indo-Pacific Discuss Opportunities to Mobilize the Investment Needed to Combat the Climate Crisis
Seventy-five regional women leaders and sustainable finance advocates came together to discuss the key challenges in financing the Asia Pacific region’s green transition and opportunities for regional cooperation to overcome these challenges at the Women Green the Way for Asia’s Financial Markets forum in Hong Kong.
Colin Crosby, Acting Consul General, U.S. Consulate General Hong Kong and Macau said of the event: “We all have a role in combatting climate change. For the participants, the networks they built at this event will mobilize the capital needed to fund the transition to net zero in the Indo-Pacific region. We were glad to have a role in fostering collaboration across financial institutions, governments, regulators, businesses, civil society groups, and academic institutions.”
Speakers at the event included leaders representing governments, regulators, development institutions, financial institutions, and non-governmental organizations from Hong Kong, ASEAN, Cambodia, mainland China, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, and Thailand. Panel discussions explored how regional cooperation can help overcome challenges to financing Asia’s green transition, and how to ensure investment is channeled toward projects that contribute most to decarbonization and gender equality.
The United States is currently catalyzing investment at the scale required to tackle the climate crisis including launching new and innovative approaches that strategically use public finance to unlock billions in private investment, such as the “Climate Finance +” initiative that will support developing countries in issuing green bonds; launching the Sustainable Banking Alliance to deepen developing countries’ sustainable financial markets; and making strategic investments that help to mobilize billions in private finance and facilitate the export of U.S. clean technologies.