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Financing Low Carbon Urban Development in South Asia: A Post-2012 Context

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  • Asian Development Bank (ADB)

Abstract

The cities of South Asia are growing at an unprecedented rate, and there is potential to steer this development onto a sustainable and green path. Carbon financing serves as a valuable revenue source to help cities earn additional income to support low-carbon development. With the end of the first commitment period of the Kyoto Protocol on 31 December 2012, a fragmented international carbon market now exists with various approaches to reducing greenhouse gas emissions outside the national borders of Annex I (industrialized) countries. Considering the potential for low-carbon development in South Asia, there is a need to help countries understand and navigate this new international carbon market. This guidance note (i) provides an overview of the carbon financing market in the post-2012 context, (ii) guides readers on how to access carbon finance, and (iii) highlights good practices in low-carbon urban development. It is aimed at government officials and project developers throughout South Asia, and is structured in a question-and-answer format for quick and easy reference.

Suggested Citation

  • Asian Development Bank (ADB), 2013. "Financing Low Carbon Urban Development in South Asia: A Post-2012 Context," ADB Reports RPT136012-2, Asian Development Bank (ADB), revised 20 Nov 2013.
    • Handle: RePEc:asd:wpaper:rpt136012-2
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    Citations

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    Cited by:

    1. Elisa Van Waeyenberge & Hannah Bargawi, 2016. "Financing Economic Development. Theoretical Debates and Empirical Trends," Working papers wpaper139, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    2. Towfiqul Islam Khan & Mashfique Ibne Akbar, 2015. "Illicit Financial Flow in view of Financing the Post-2015 Development Agenda," Southern Voice Occasional Paper 25, Southern Voice.
    3. Mundy, Karen & Verger, Antoni, 2015. "The World Bank and the global governance of education in a changing world order," International Journal of Educational Development, Elsevier, vol. 40(C), pages 9-18.
    4. Sudip Ranjan Basu & Steve Gui-Diby & Zheng Jian, 2014. "Financing Strategies for LDCs Graduation in Asia and the Pacific: Key Sources, Trends and Prospects," MPDD Working Paper Series WP/14/02, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    5. Barbara Bonciani, 2018. "The role of collective remittances in community development: the case of Hometown Associations," IRCrES Working Paper 201801, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    6. Pandey, Asha & Asif, Muhammad, 2022. "Assessment of energy and environmental sustainability in South Asia in the perspective of the Sustainable Development Goals," Renewable and Sustainable Energy Reviews, Elsevier, vol. 165(C).

    More about this item

    Keywords

    climate change; urban development; carbon finance; green cities; sustainability; solid waste management; economic development; environment; livable city; sustainable city; urbanization; sustainable development;
    All these keywords.

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