Developing and emerging countries in Asia are witnessing an unprecedented uptick in infrastructure investment due to economic growth and their strategic location along major trade routes. While infrastructure is essential for economic development, it also has a major role to play in climate change, accounting for about 60% of GHG emissions globally. Given the long lifespan of infrastructure assets, the investment decisions made today could lock countries into carbon-intensive development pathways for years to come.
The next decade will be crucial when it comes to delivering on climate goals. There is a once-in-a-generation opportunity to “build back better” and simultaneously tackle the challenges of closing the infrastructure investment gap, stimulating sustainable economic growth and progressing towards the achievement of long-term climate and development goals.
The Sustainable Infrastructure Programme in Asia (SIPA) aims to help selected Central and Southeast Asian countries scale up energy, transport and industry infrastructure investments, and shift them towards infrastructure projects consistent with low-emission, resilient development pathways and the Sustainable Development Goals. SIPA primarily focuses on Kazakhstan, Mongolia and Uzbekistan in Central Asia as well as Indonesia, the Philippines and Thailand in Southeast Asia. Other countries in both regions will benefit from SIPA’s activities through regional policy dialogues and capacity building seminars. SIPA also engages with stakeholders in China as a major centre of infrastructure investment as well as source of outward foreign investment in infrastructure.