BII targets $1.6 billion for South-East Asia climate finance over five years
British International Investment · 2026-10-12
UK development finance institution BII will deploy $1.6 billion in climate finance across Vietnam, Indonesia, the Philippines, Malaysia and Thailand over five years, about half mobilised from private investors. At least 40% of its new commitments in 2026–2031 will be climate finance, a DFI model for crowding private money into Asia's transition.
Vocabulary
Read source ↗- aid dependencyreliance on foreign aid instead of self-sustaining finance
- carbon intensive economieseconomies with high emissions per unit of output
- total net assetstotal assets minus liabilities