The world is in the midst of a triple planetary crisis of climate change, biodiversity loss and pollution and waste. The global economy is consuming ever more natural resources, while the world is not on track to meet the Sustainable Development Goals.

This paper assesses the role of climate policies as a catalyst of low carbon technologies deployment through foreign direct investment (FDI). Leveraging detailed cross-border project-level information, it identifies “green” FDI and finds that a higher number of active climate policies is associated with higher levels of green FDI inflows.

The heatwave affecting India from March to May 2022 was exceptional for its record temperatures, its early onset, its unusually long duration and the large area that was affected.

Zimbabwe is a lower middle-income country with abundant natural capital and growth potential, but is highly exposed to climate change, with its immediate ability to address climate challenges severely constrained. People in Zimbabwe are increasingly reliant on successive rounds of emergency relief rather than a formal government safety net.

This report explains why strengthening the governance around public investment management is central to cutting inefficiencies and unblocking the climate finance needed to narrow Asia and the Pacific’s gaping infrastructure gap.