ASEAN Green Finance Context
Regional adaptation is a cornerstone of the GREEN FINANCE curriculum. This section provides context on the green finance landscape in Vietnam, Thailand, and the Philippines.
Regional Overview
Why green finance, and why now
ASEAN faces a critical green finance challenge:
Southeast Asia needs about $210 billion a year between 2016 and 2030 for climate-compatible infrastructure, renewable energy, energy efficiency, food security and land use: DBS and the UN Environment Inquiry, Green Finance Opportunities in ASEAN (2017), the figure the Asian Development Bank has cited since. The skills to deploy it are taught in universities, and that is what this project builds.
ASEAN Taxonomy for Sustainable Finance
The ASEAN Taxonomy for Sustainable Finance provides a regional classification system aligned with:
- EU Taxonomy principles
- Climate Bond Standards
- Regional economic contexts
Key Features
- Foundation Framework (Tier 1): Qualitative thresholds
- Plus Standard (Tier 2): Quantitative technical screening criteria
- Focus Sectors: Energy, Transport, Buildings, Agriculture, Manufacturing
- Transition pathways: Recognition of ASEAN development contexts
ASEAN Catalytic Green Finance Facility (ACGF)
The ASEAN Catalytic Green Finance Facility, supported by ADB, provides:
- $2.2 billion mobilised for green infrastructure, as the Asian Development Bank reports it at the link above
- Technical assistance for project preparation
- Credit enhancement mechanisms
- Knowledge sharing on green finance
Partner universities by country
Vietnam
| University | Location | Role |
|---|---|---|
| Banking University HCMC (BUH) | Ho Chi Minh City | Southern Vietnam hub |
| Banking Academy of Vietnam (BAV) | Hanoi | Northern Vietnam hub |
Vietnam Green Finance Context →
Thailand
| University | Location | Role |
|---|---|---|
| Payap University (PU) | Chiang Mai | Northern Thailand, WP5 Lead |
| Walailak University (WU) | Nakhon Si Thammarat | Southern Thailand |
Thailand Green Finance Context →
Philippines
| University | Location | Role |
|---|---|---|
| Ateneo de Manila University (ADMU) | Manila | Metro Manila, WP4 Lead |
| West Visayas State University (WVSU) | Iloilo | Visayas region |
Philippines Green Finance Context →
Adaptation Framework
Each ASEAN partner adapts the core curriculum through:
| Stage | Activity | Output |
|---|---|---|
| Analysis | Stakeholder surveys, needs assessment | Gap report |
| Customization | Local content development | Adapted modules |
| Validation | Industry review, student testing | Refined curriculum |
| Integration | Formal programme approval | Micro-credential |
Country Pages
(c) GREEN FINANCE Consortium 2026