Australia is looking to lift its engagement with Southeast Asia. Australia’s Special Envoy to ASEAN, Nicholas Moore, last year set out a new economic strategy to deliver on that ambition. One critical recommendation, which so far has received little public attention, is to establish an Australian infrastructure financing facility supporting Southeast Asia’s green economy transition. This would use public funding to finance large scale climate-related projects in Southeast Asia, especially by helping leverage in greater private investment.
There is still much to be worked out,…
