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Social, economic and environmental impacts have an as-yet under explored potential to generate financial revenues: impact-based business models can be developed, with the delivery of positive impacts as a driver of sustainable business growth and long term enterprise value. This could be game-changing: by making it cheaper to deliver sustainability outcomes, less risky to finance … Read more

Achieving carbon neutrality by 2050 means taking action in each and every sector. Efficient decarbonisation of the economy means achieving it at the lowest possible cost, using the most competitive alternatives in each end-use. The current energy system is based on the use of fossil fuels, which are present in all end-uses and account for more than 60 … Read more

Climate investment should address Pacific climate-related challenges that were scoped through extensive research and risk assessment.   Climate finance needs to be flexible, efficient, and support projects that promote low carbon and climate resilient development.   ADB will use various regional programs, funds, and technical assistance projects to help develop investment-ready climate change responsive projects. The Pacific … Read more

The COVID-19 pandemic hit global travel and tourism hard, as governments closed borders and restricted mobility to slow the spread of the virus. Tourist arrivals plunged by about 1 billion people, and millions of jobs in the industry evaporated. The sector is known for its many small businesses, which employ a high share of women, youth, and … Read more

The world will have to invest $90 trillion in sustainable infrastructure by 2030, according to estimates by The New Climate Economy. These investments are crucial not only to renew old equipment in developed countries and bring them in sync with the fight against climate change, but also to bolster green economic growth in emerging markets … Read more