SA offers...

According to the report, other significant opportunities in the region include:

Lanka: Municipal solid waste management and climatesmart urban wastewater

Recognizing the need for solid waste management Sri Lanka’s national policies create a US$ 3.5 billion opportunity for investment in the sector. Wastewater management, identified as a key priority, opens an investment opportunity of more than US$ 2.7 billion.

renewable energy and electric vehicles

The impressive national target of generating 175 GW of renewable energy by 2022 represents almost US$ 448 billion in investment potential. This will be crucial given India’s aim to electrify all new vehicle sales by 2030, creating a potential investment opportunity of almost US$ 670 billion if this goal is fully met.

agriculture climate-smart urban wastewater and

The government’s prioritization of wastewater infrastructure projects creates a US$13 billion investment opportunity and climate-smart agriculture sector could see investments of more than US$9 billion.

hydropower and electric transport

Developing Bhutan’s 25,000 MW of economically feasible hydropower potential will generate an investment opportunity of over US$40 billion as well as substantial export revenues. The government’s ambitious electric vehicle target creates over 320 million worth of potential for investment in the sector.

climate-smart infrastructure

The country’s goals to climate-proof its infrastructure against rising sea levels and extreme weather events translates to an investment opportunity of at least US$1.5 billion in transport-related infrastructure and US$200 million in green buildings by 2030.

hydropower and climate-smart agriculture

Achieving Nepal’s ambition to install 12,000 MW of hydropower capacity creates an investment opportunity of US$ 22.5 billion. The government’s policy push to make its agricultural sector more climate friendly, including through the use of efficient technologies represents an investment opportunity of US$4.8 billion.

The countries in the region are taking the lead in fulfilling their Paris commitments. Scaling and replicating such progress across South Asia will require catalyzing private finance and creating markets for climate business solutions through policies, financial innovations, and business models targeted at sector-specific local conditions. The report provides recommendations on how each country can further accelerate climate-smart investing, including demonstration projects to signal commercial viability and raise awareness, and promoting public private partnerships through streamlining procurement and processes.

IFC is strongly committed to supporting the private sector in the region. Since 2005, IFC has invested US$2.6 billion of its own funds in long-term financing for climate-smart projects in South Asia and additionally mobilized almost US$1 billion from other investors. The report is a follow-up to the ‘Creating markets in climate business’ report published earlier last month.