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How to mobilize more financing for Asia's energy transition

Governments and development banks should bring down investment risks and costs

| Southeast Asia
Excavators pile coal at a power plant in Suralaya, Indonesia: Financing is a key issue for Asian countries shifting to clean energy.    © Reuters

Masyita Crystallin is a senior adviser to the Indonesian finance minister and co-chair sherpa for the Coalition of Finance Ministers for Climate Action. Tomohiro Ishikawa is chief regulatory engagement officer at Mitsubishi UFJ Financial Group and a member of the steering group of the Net-Zero Banking Alliance.

Climate change looms over the Asia-Pacific region. Of the nine countries worldwide facing the highest climate risks, five are in this region, partly as a consequence of the projected rise of the Pacific Ocean.

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