USAID Green Invest Asia Year 2 Workplan

The program operates from a regional perspective to achieve this goal. The program's rationale is based on the Paris Agreement, which resulted in 195 countries pledging to take actions to keep the average temperature rise to under 2 degrees Celsius above pre-industrial levels. Private sector investment is critical in implementing the systemic economic transformation necessary to achieve this goal. Leading corporations, financial institutions, investors, and enterprises have increasingly embraced the business case for climate action. Key drivers include reducing costs, improving risk management, obtaining and leveraging leadership positions in the market, accessing export markets and price premiums for sustainably produced goods. Finance commitments range from multilateral banks tripling the levels of climate finance offered to leading agribusinesses committing to produce 50 percent more food while reducing agricultural emissions by 50 percent by 2030. The program's goal is to reduce regional GHG emissions by changing "business as usual" and shifting investment into more sustainable land use practices. The program will implement activities to meet three objectives: building a pipeline of investible projects and companies that embrace climate-smart agriculture and better forestry management practices, increasing private sector investments into businesses committed to more sustainable land use management, and addressing systemic issues that impede the development and financing of low-emissions land use management through a sustainable landscape finance community of practice. The program's approach is based on an overarching approach that includes objective-specific approaches. The program will engage with key stakeholders, including leading corporations, financial institutions, investors, and enterprises, to promote the business case for climate action. The program will also provide technical assistance to businesses to help them adopt climate-smart agriculture and better forestry management practices. The program's Year 2 Work Plan includes several activities aimed at achieving the program's objectives. These activities include developing a pipeline of investible projects and companies, securing partnerships with multinational corporations, and mobilizing finance for sustainable landscapes. The program will also engage platforms to advance discussions on systemic issues and build a community of practice in sustainable landscape finance. The program's geographic coverage includes Southeast Asia, with a focus on Cambodia, Indonesia, the Philippines, and Vietnam. The program's results framework is outlined in Annex 1, and the Year 2 Work Plan matrix is summarized in Annex 2. Country-specific snapshots are provided in Annex 3. The program's governance structure includes a lead implementing partner, Pact, Inc., and partners, Control Union and Mekong Strategic Partners. The program's agency team leader is Angela Hogg, Director of Regional Environment Office, and the USAID Activity Manager is Suphasuk Pradubsuk, Program Development Specialist/COR.