This Spotlight builds on sources and insights presented in the broader report, Domestic Capital Mobilization for Climate Finance in Southeast Asia.
Key takeaways:
- Vietnam received a total of USD 49.1 billion in climate finance between 2017 and 2022, far outpacing regional peers Indonesia and Vietnam. However, in comparison, blended climate finance mobilized USD just 3.4 billion across all years.
- Smaller, short-term mitigation projects account for majority of climate finance in the country. Large account for the scale utility renewables and climate adaptation projects continue to face capital constraints due to higher perceived risks and limited experience among local investors.
- Blended finance has been instrumental in mobilizing capital for larger, more complex solar and wind projects.