The Environment Operational Directions 2013–2020 of the Asian Development Bank (ADB) identified strengthening environmental governance in developing member countries (DMCs) as a priority area. Studies showed that policy and regulatory frameworks needed to be more effectively aligned to promote greater resource efficiency, abate pollution, and reduce greenhouse gas emissions. Estimates showed that public sector and international development assistance would not be sufficient to meet the Sustainable Development Goals (SDGs), and the private sector needs to contribute additional resources. The technical assistance (TA) was designed to catalyze adoption and scaling up of: (i) the use of market-based approaches for environmental management (MBAEMs); and (ii) development of green businesses.
Corbett Grainger, Gunnar Köhlin, Jessica Coria, Dale Whittington, Jintao Xu, Eswaran Somanathan, Reza Daniels, Pham Khanh Nam, Xun Wu, and Enamul Haque. 2019. Scaling Up Private Sector Participation and Use of Market-Based Approaches for Environmental Management. Asian Development Bank. Project Number: 49354-001.