Adequate, appropriate finance is crucial for sustainable development in the Asia-Pacific region. The United Nations Economic and Social Commission for Asia and the Pacific UN (ESCAP) estimates that the region needs to invest around US$2.5 trillion a year between 2013 and 2030 to achieve key sustainable development goals:
- US$500-800 billion to close gaps in education, health, employment, social protection and basic access to energy services.
- US$800-$900 billion for developing infrastructure for energy, transport, telecommunications and water and sanitation.
- US$500-800 billion for climate change mitigation and renewable energy.
This briefing has been produced by the UNEP Inquiry as a contribution to discussions at the Regional Consultation on Financing for Development in Asia and the Pacific which took place in Jakarta, Indonesia in April 2015. It draws on the Inquiry’s ongoing research, and country engagement in particularly focusing on the sustainable development, financial systems and actions to be conducted for the Asia and the Pacific region.