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Involvement in ASEANClimate-Related Investments The Association of Southeast Asian Nations(ASEAN)was established on 8 August 1967. The Member Statesof the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines,Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia. For inquiries, contact: The ASEAN Secretariat Mission of the European Union to ASEAN Community Relations Division(CRD)70A Jalan SisingamangarajaJakarta 12110IndonesiaPhone:(+62 21)724-3372, 726-2991Fax:(+62 21)739-8234, 724-3504E-mail: public@asean.org Menara Astra, 38th FloorJl. Jend Sudirman Kav 5-6Jakarta 10220IndonesiaPhone:(+62 21)2554-6200Fax:(+62 21)2554-6201Email: mission-asean@eeas.europa.euWebsite: http://eeas.europa.eu/asean Catalogue-in-Publication DataClimate Finance Scoping Study: Mobilizing Private Sector Involvement in ASEAN Climate-Related InvestmentsJakarta, ASEAN Secretariat, July 2025 xxx.xxx1. xxxx2. xxxxx–xxxxx ISBN Code With the support of: Enhanced Regional EU-ASEAN Dialogue InstrumentE-READI This publication was prepared with the support of the European Union(EU)through the Enhanced RegionalEU-ASEAN Dialogue Instrument(E-READI). As work on developing a Climate Finance Strategy in the ASEANregion is ongoing, its contents should be treated with care. They are the sole responsibility of the authorsand do not necessarily reflect the views of the European Union, the ASEAN Member States, the ASEANSecretariat, any related working groups, institutions and bodies, nor any person acting on their behalf.Neither the European Union, nor the ASEAN Member States, the ASEAN Secretariat, any related workinggroups, institutions and bodies, or any person acting on their behalf may be held responsible for theuse that may be made of the information contained therein. Responsibility for the information and viewsexpressed lies entirely with the authors. ASEAN: A Community of Opportunities for All The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is givenand a copy containing the reprinted material is sent to the Community Relations Division (CRD(of theASEAN Secretariat, Jakarta. General information on ASEAN appears online at the ASEAN Website: www.asean.org Copyright Association of Southeast Asian Nations (ASEAN(2025. All rights reserved. SCOPING STUDYMobilising Private Sector Involvement in ASEANClimate-Related Investments ACKNOWLEDGEMENTS The study“Mobilising private sector involvement in ASEAN climate-related investments”was initiatedduring the Consultative Working Meeting between the EU and the ASEAN Working Group on ClimateChange on 29 April 2019 in Jakarta, Indonesia, in line with efforts by lead countries Brunei Darussalam andthe Philippines in facilitating and advancing sustainable finance in the region. The study was conductedwith the support of the ASEAN Secretariat and the Enhanced Regional EU-ASEAN Dialogue Instrument(E-READI), a development cooperation programme funded by the European Union. E-READI facilitatesdialogue between the EU and ASEAN in priority policy areas of joint interest. The study’s authors would like to acknowledge the valuable input and comments from the ASEANSecretariat, the ASEAN Member States, the EU Mission to ASEAN and E-READI. Furthermore, they wouldlike to acknowledge the valuable interview insights provided by the Asian Development Bank(Anouj Mehta,Country Director of the Thailand Resident Mission and Unit Head of the ASEAN Catalytic Green FinanceFacility(ACGF); Martin Unzueta, Infrastructure Specialist(Innovation and Green Finance); and Marina LópezAndrich, ACGF Consultant), the European Investment Bank, the European Commission, the EU-ASEANBusiness Council and the European Chambers of Commerce in ASEAN Member States as well as theirmember institutions that participated in the interviews. Any omissions are exclusively the responsibility ofthe authors. Further acknowledgement and sincere appreciation go to the following individuals for their technicalsupport to this study: ·To the ASEAN Working Group for Climate Change(AWGCC)and the ASEAN Senior Officials for theEnvironment(ASOEN)focal points in the ASEAN Member States, all of whom cannot be acknowledgedindividually here;·To the ASEAN Secretariat under the leadership of Secretary General of ASEAN H.E. Dr. Kao KimHourn, the former Deputy Secretary-General for the ASEAN Socio-Cultural Community, EkkaphabPhanthavong; the ASEAN Secretariat Environment Division led by Dr. Vong Sok(Head of EnvironmentDivision and Assistant Director of the Sustainable Development Directorate)and his team members, inparticular Natalia Derodofa and Tri Sulistyo Saputro, for their professional coordination, facilitation ofconsultations and stakeholder participation as well as feedback to the draft study;·To the EU Delegation to ASEAN, the EU Commission’s Directorate-General for Climate Action and theE-READI team for the unwavering support thr