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

Asian Development Bank (adb)

No RPT136012-2, ADB Reports from 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.

Keywords: climate change; urban development; carbon finance; green cities; sustainability; solid waste management; economic development; environment; livable city; sustainable city; urbanization; sustainable development (search for similar items in EconPapers)
Pages: 32 pages
Date: 2013-10, Revised 2013-11-20
New Economics Papers: this item is included in nep-ene, nep-env and nep-ure
References: Add references at CitEc
Citations: View citations in EconPapers (6)

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