IDEAS home Printed from https://ideas.repec.org/p/asd/wpaper/rpt157446-2.html

Making Money Work: Financing a Sustainable Future in Asia and the Pacific (Main Report)

Author

Listed:
  • Asian Development Bank (ADB)
  • Asian Development Bank (ADB)

    (Strategy and Policy Department, ADB)

  • Asian Development Bank (ADB)

    (Strategy and Policy Department, ADB)

  • Asian Development Bank (ADB)

Abstract

The new sustainable development agenda is expected to touch every country, person, and activity. Therefore, shouldn’t every dollar count toward achieving it? Asia and the Pacific, home to more than half of humanity, has the money to improve the lives of all its people, and protect the planet in fair and durable ways. However, funds are in many hands, invested elsewhere, or used for various purposes. It is time to move beyond this fragmentation and align finance behind sustainable development, recognizing that while capital will be key, so will the capacity to apply and attract it effectively. This report explores some of the ways forward. It highlights not just the need to inject more money into investments that contribute to sustainable development, but also the need to attract funds toward them— to finance human needs, infrastructure, and cross-border public goods. The report spans public and private options, in their distinct roles and in combination. An eight-point agenda suggests how key constituents can do their parts. Working together, they can make money work for development where benefits are not only more equitably shared, but will last for generations to come.

Suggested Citation

  • Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Making Money Work: Financing a Sustainable Future in Asia and the Pacific (Main Report)," ADB Reports RPT157446-2, Asian Development Bank (ADB).
  • Handle: RePEc:asd:wpaper:rpt157446-2
    as

    Download full text from publisher

    File URL: http://www.adb.org/sites/default/files/publication/158432/making-money-work-main-report.pdf
    Download Restriction: no

    File URL: http://www.adb.org/sites/default/files/publication/158432/making-money-work-main-report.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mechler, Reinhard & Hochrainer, Stefan & Pflug, Georg & Lotsch, Alexander & Williges, Keith, 2010. "Assessing the financial vulnerability to climate-related natural hazards," Policy Research Working Paper Series 5232, The World Bank.
    2. John Burger & Francis Warnock & Veronica Cacdac Warnock, 2015. "Bond Market Development in Developing Asia," ADB Economics Working Paper Series 448, Asian Development Bank.
    3. Bank for International Settlements, 2014. "Trade finance: developments and issues," CGFS Papers, Bank for International Settlements, number 50.
    4. Mr. Yiqun Wu & Ms. Patrizia Tumbarello & Niamh Sheridan, 2012. "Global and Regional Spillovers to Pacific Island Countries," IMF Working Papers 2012/154, International Monetary Fund.
    5. Charles Kenny, Andy Sumner, 2011. "More Money or More Development: What Have the MDGs Achieved- Working Paper 278," Working Papers 278, Center for Global Development.
    6. Horioka, Charles Yuji & Terada-Hagiwara, Akiko, 2012. "The determinants and long-term projections of saving rates in Developing Asia," Japan and the World Economy, Elsevier, vol. 24(2), pages 128-137.
    7. Isabelle Joumard & Mauro Pisu & Debra Bloch, 2012. "Tackling income inequality: The role of taxes and transfers," OECD Journal: Economic Studies, OECD Publishing, vol. 2012(1), pages 37-70.
    8. Michaelowa, Axel & Michaelowa, Katharina, 2011. "Coding Error or Statistical Embellishment? The Political Economy of Reporting Climate Aid," World Development, Elsevier, vol. 39(11), pages 2010-2020.
    9. Vivek Rao, 2015. "Developing the Financial Sector and Expanding Market Instruments to Support a Post-2015 Development Agenda in Asia and the Pacific," Working Papers id:6632, eSocialSciences.
    10. Ms. Thornton Matheson, 2011. "Taxing Financial Transactions: Issues and Evidence," IMF Working Papers 2011/054, International Monetary Fund.
    11. de Luna-Martinez, Jose & Vicente, Carlos Leonardo, 2012. "Global survey of development banks," Policy Research Working Paper Series 5969, The World Bank.
    12. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Devi Sridhar, 2012. "Who Sets the Global Health Research Agenda? The Challenge of Multi-Bi Financing," PLOS Medicine, Public Library of Science, vol. 9(9), pages 1-5, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Asian Bank, 2018. "Asian Development Outlook (ADO) 2018: How Technology Affects Jobs," Working Papers id:12717, eSocialSciences.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Asian Development Bank Institute, 2017. "Making Money Work: Financing a Sustainable Future in Asia and the Pacific," Working Papers id:11892, eSocialSciences.
    2. Nicholas Tatrallyay & Martin Stadelmann, 2013. "Climate change mitigation and international finance: the effectiveness of the Clean Development Mechanism and the Global Environment Facility in India and Brazil," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(7), pages 903-919, October.
    3. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
    4. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    5. Li, Aijun & Du, Nan & Wei, Qian, 2014. "The cross-country implications of alternative climate policies," Energy Policy, Elsevier, vol. 72(C), pages 155-163.
    6. Strand, Jon, 2011. "Carbon offsets with endogenous environmental policy," Energy Economics, Elsevier, vol. 33(2), pages 371-378, March.
    7. Bosetti, Valentina & Carraro, Carlo & Duval, Romain & Tavoni, Massimo, 2011. "What should we expect from innovation? A model-based assessment of the environmental and mitigation cost implications of climate-related R&D," Energy Economics, Elsevier, vol. 33(6), pages 1313-1320.
    8. Becchetti, L. & Ferrari, M. & Trenta, U., 2014. "The impact of the French Tobin tax," Journal of Financial Stability, Elsevier, vol. 15(C), pages 127-148.
    9. Emanuele Massetti, 2011. "Carbon tax scenarios for China and India: exploring politically feasible mitigation goals," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(3), pages 209-227, September.
    10. Eduardo Fernández-Arias & Ricardo Hausmann & Ugo Panizza, 2020. "Smart Development Banks," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 395-420, June.
    11. Döll, Sebastian, 2009. "Climate change impacts in computable general equilibrium models: An overview," HWWI Research Papers 1-26, Hamburg Institute of International Economics (HWWI).
    12. Kirtti Ranjan Paltasingh & Phanindra Goyari, 2018. "Statistical Modeling of Crop-Weather Relationship in India: A Survey on Evolutionary Trend of Methodologies," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 15(1), pages 42-60, June.
    13. Siar, Sheila V. & Llanto, Gilberto M. & Albert, Jose Ramon G., 2017. "What Does ASEAN Mean to ASEAN Peoples? (The Philippine Case)," Discussion Papers DP 2017-11, Philippine Institute for Development Studies.
    14. Richard G. Newell & William A. Pizer & Daniel Raimi, 2014. "Carbon Markets: Past, Present, and Future," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 191-215, October.
    15. Richard S. J. Tol & In Chang Hwang & Frédéric Reynès, 2012. "The Effect of Learning on Climate Policy under Fat-tailed Uncertainty," Working Paper Series 5312, Department of Economics, University of Sussex Business School.
    16. Fujii, Hidemichi & Managi, Shunsuke, 2013. "Which industry is greener? An empirical study of nine industries in OECD countries," Energy Policy, Elsevier, vol. 57(C), pages 381-388.
    17. Matthias Bruckner, 2012. "Climate change vulnerability and the identification of least developed countries," CDP Background Papers 015, United Nations, Department of Economics and Social Affairs.
    18. Richard Green & Yacob Mulugetta & Zhong Xiang Zhang, 2014. "Sustainable energy policy," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 33, pages 532-550, Edward Elgar Publishing.
    19. Simon Levin & Anastasios Xepapadeas, 2021. "On the Coevolution of Economic and Ecological Systems," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 355-377, October.
    20. Golub, Alexander (Голуб, Александр), 2018. "Methodological Issues of Assessing Investment Risks in Projects Weakening the Dependence of the Russian Economy on Natural Resources and Providing a Transition to Low-Carbon Development [Методологические Вопросы Оценки Инвестиционных Рисков В Прое," Working Papers 071802, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asd:wpaper:rpt157446-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jun de Jesus (email available below). General contact details of provider: https://edirc.repec.org/data/asdevph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.