Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238543 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1186
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
As the growth of energy demand outstrips that of energy supply in Southeast Asia, it becomes imperative for ASEAN member states to seek energy efficiency improvements for sustained energy security. While green buildings have an overall low penetration rate in ASEAN, when compared to the rest of the world, a relatively large proportion of green bond proceeds in ASEAN have been channeled to financing green buildings. Green bonds hold vast potential as a financing mechanism, and the importance of green bonds as a funding source for green buildings in ASEAN is projected to increase in the future. ASEAN governments can encourage the use of this source of finance to address underinvestment in green buildings through providing information on raising funds through green bonds, endorsing investment in green buildings through codifying green building standards, and promoting local currency bond financing through domestic investors.
Subjects: 
green buildings
green bonds
energy efficiency
ASEAN
green sukuk
ICMA green bond principles
ASEAN green bond standards
sustainable finance
JEL: 
Q28
Q42
Q43
Q53
G2
G3
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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