Southeast Asian Cities Face Funding Hurdles on the Path to Sustainability, OECD Study Finds
Southeast Asia’s urban centres are facing unprecedented challenges as they attempt to finance the transition to sustainable, resilient, and climate-friendly cities, according to the latest analysis by the Organisation for Economic Co-operation and Development (OECD). The report—“Financing Sustainable Cities in Southeast Asia”—delves into the critical question of how city governments in the rapidly urbanising ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand, and Vietnam) can marshal the investments necessary to achieve their ambitious sustainability agendas. Against a backdrop of rising carbon emissions, increased climate risks, and mounting infrastructure needs, the report’s findings have major implications for cities across the region, including Bangkok, Chiang Mai, and other key Thai urban areas.