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    Challenges and best practices for the operationalization of the green and SDG finance taxonomy in Mongolia

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    This discussion paper evaluates the implementation of Mongolia's green finance and Sustainable Development Goals (SDG) taxonomy, identifying key challenges and opportunities. Based on survey responses from eight commercial banks, the paper assesses institutional readiness, classification practices, and monitoring processes. The findings reveal that while awareness and initial adoption of the taxonomy are widespread, inconsistencies in classification, limited data availability, and the lack of detailed technical screening criteria hinder its effective use. Additionally, banks and regulators face challenges in reporting, verification, and accessing international climate finance. The paper highlights the need for coordinated action among financial institutions, regulators, and government agencies, recommending improved disclosure guidance, comprehensive monitoring frameworks, capacity building, and targeted regulatory incentives to align financial flows with national sustainability goals.The Partnership Action fund of the NDC PartnershipDisclaimer 2 About this report 3 Acknowledgment 4 List of Figures and Tables 6 Acronyms and Abbreviations 9 Executive Summary 10 1. Introduction 13 2.Taxonomy Principles and Overview 17 3. State of Implementation of the Mongolian Green Taxonomy 25 4. Monitoring, Reporting and Verification 39 5. Recommendations 4

    ESCAP Newsletter. 20 October 2025

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    Asia-Pacific Disaster Report 2025

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    The sun’s rays strike the Earth without regard for national borders. In Asia and the Pacific, rising temperatures are impacting all, everywhere. Disaster risks are expanding and intensifying as temperatures rise with serious consequences not only for human health but also for socio-economic-environmental systems. The frequency and scale of weather events resulting from rising temperatures can range from extensive floods to intense storms, to prolonged drought, expanding desertification and giving rise to new corridors of sand and dust storms. In fact, the fastest growing climate hazards are from rising temperatures. Rising Heat, Rising Risk assesses recent as well as long-term trends. Based on the latest projections, it distills cascading impacts for multiple infrastructures, and interrelated food, water and energy systems. It identifies troubling impacts on health systems, labour productivity, livelihoods and human well-being, with vulnerable people among those disproportionately impacted by these projections. Furthermore, the report identifies important opportunities for solutions and policy actions. In this regard, countries will have to plan strategically for heat resilience at both local and national levels, while also taking full advantage of opportunities for regional cooperation. The report underlines that as climate change, rising temperatures and risk is a global phenomenon, policy coordination at the regional level will be key to advancing multilateral cooperation for human resilience to disasters. Towards this end, the report finds that dedicated funding may not be needed. Instead financing for heat resilience requires strategic integration into existing adaptation plans, development funding and policy streams, and guided by advances in science, technology, innovation and data-sharing at national, regional and global levels.Contents Foreword iii Acknowledgements iv Executive summary v Acronyms and abbreviations xiii Chapter 1: The Asia-Pacific disaster riskscape 1 Disaster trends 1970–2024 2 Disaster events in 2024–2025 4 Future heat risk hotspots 8 Possible climate futures and temperature increases with GHG emissions 9 Endnotes 15 Chapter 2: Extreme heat – disrupting lives, economies and ecosystems 16 Hotter cities 17 Vulnerabilities in energy 20 People at risk 22 Health hazards 24 Economic impacts 25 Food system vulnerabilities 28 Beyond the thermometer 30 Endnotes 31 Chapter 3: Warming oceans, land, glaciers and atmosphere 32 Oceans 33 Land 33 Glaciers 34 Atmosphere 34 Interactions between oceans, land, glaciers and atmosphere 35 Projections for oceans – sea level rise 36 Projections for land – greater aridity 38 Projections for glaciers – glacier ice mass 40 Projections for atmosphere – extreme precipitation 41 Projections for composite risks for oceans, land, glaciers and atmosphere 42 Endnotes 43 Chapter 4: Planning for heat resilience 44 The transformation toward heat resilience systems 45 Component 1 of heat resilient systems: Heat Action Plans 47 Component 2 of heat resilient systems: Heat early warning systems 47 Component 3 of heat resilient systems: Inclusive cooling for urban areas 48 Component 4 of heat resilient systems: Integrating technologies 52 Smart and heat-resilient cities 52 Rates of return on adaptation by sector 54 Mainstreaming heat resilience in agriculture: A model for systemic integration 55 New measurements for estimating agricultural loss and damage 55 Cross-sectoral implications for agriculture 55 Digital tools for climate-smart agriculture 56 The triple development dividend of transformative adaptation 56 First dividend: Avoiding losses through risk management 56 Second dividend: Resource management and optimization 56 Third dividend: Unlocking development co-benefits and stimulating economic activity 57 Financing heat adaptation 57 Endnotes 58 Chapter 5: Regional collaboration for action in Asia and the Pacific 59 Heat-ready multi-hazard early warning systems (MHEWS) 60 Regional collaboration on heat health 62 Regional collaboration on oceans and glaciers 63 A strategic framework to strengthen regional solutions 66 Endnotes 67 Bibliography 6

    Guide to the Jakarta Declaration on the Asian and Pacific Decade of Persons with Disabilities, 2023-2032

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    This is an Easy Read version of information to help countries follow the Jakarta Declaration on the Asian and Pacific Decade of Persons with Disabilities, 2023 to 2032

    Investing for climate action : Opportunities for expanding the medium-scale rooftop solar photovoltaic sector in Cambodia

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    The report analyses the economic performance of the medium-scale rooftop solar PV segment in Cambodia. It studies three typical applications: a garment factory, a private hospital and an office building in Phnom Penh. This analysis considers the current Cambodian rooftop solar (RTS) regulation and its monetary penalties in order to understand the role it plays in the financial returns of medium-scale solar PV projects. This enables conclusions to be drawn about the impact of different regulatory approaches on the investment attractiveness of medium-scale solar power.List of figures ....................................................................................................iii List of tables ..................................................................................................... iv Abbreviations ..................................................................................................... v Executive summary ............................................................................................1 1. Introduction ..................................................................................................3 2. Overview of energy sector in Cambodia.........................................................4 3. Cambodian energy agencies and energy policies...........................................9 4. Energy consumers in Cambodia ..................................................................13 Industrial sector................................................................................................................................................ 14 Commercial sector........................................................................................................................................... 15 Residential sector............................................................................................................................................. 16 5. Solar PV market..........................................................................................17 6. Solar PV financing models ..........................................................................22 7. Deploying rooftop solar in Cambodia...........................................................24 Garment factory ............................................................................................................................................... 24 Private hospital................................................................................................................................................. 27 Office building .................................................................................................................................................. 29 8. Options to strategically unlock rooftop solar ...............................................32 9. Conclusions ................................................................................................33 Annexes I. Other policies in Cambodia’s energy sector.................................................................................................. 34 II. Garment factory - simulation and financial model of the PV system .......................................................... 35 III. Private hospital - simulation and financial model of PV system................................................................. 38 IV. Office building - simulation and financial model of PV system................................................................... 4

    Evaluation of the project on towards the Incheon strategy to ensure the rights of persons with disabilities in Asia and the Pacific

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    The project “Towards the Incheon Strategy to Ensure the Rights of Persons with Disabilities in Asia and the Pacific (Phase II) was implemented between October 2019 and December 2024. The project supported the implementation of the Incheon Strategy - a part of ESCAP’s intergovernmental commitments made in 2012 and Resolution 69/13 - for promoting disability-inclusive development in Asian and the Pacific. One of the main components of the project was to conduct a survey on the Final Review of the implementation of the Asian and Pacific Decade of Persons with Disabilities, 2013-2022 to track progress toward achieving the Incheon Strategy Goals through disability data collection. The purpose of this Final Review Survey was to take stock of progress made in the implementation of the Decade (2013-2022) and for charting a path forward for the coming decade, in alignment with the 2030 Agenda for Sustainable Development. Additional activities were conducted that were designed to build national capacity for disability statistics collection and reporting, as well as technical support for national disability policy and program development. This was provided at the request of national stakeholders for improving disability programs, policies and legislation

    Taxing the digital economy : a discussion on strategy and policy options

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    This paper examines strategies and policy options for taxing the digital economy. For Asia-Pacific countries, strategic considerations include balancing revenue potential, administrative capacity, and investment attractiveness. While the OECD “Pillar Two” offers immediate benefits, “Pillar One” requires cautious engagement due to uncertain revenue outcomes and high compliance costs. Countries may also consider unilateral measures such as digital services taxes (DSTs), withholding taxes (Article 12B of the UN Model Convention), diverted profits taxes, and VAT on digital services. DSTs provide immediate revenue but risk trade conflicts and double taxation. The paper emphasizes forming national strategies based on country-specific conditions—such as market size, administrative capacity, and reliance on foreign direct investment. It highlights the importance of collective action to reduce trade risks and compliance burdens. Ultimately, while supporting multilateral solutions to avoid harmful tax fragmentation, countries must evaluate whether the benefits of participating outweigh administrative and economic costs. They should also prepare fallback options if global consensus on Pillar One fails. In conclusion, the paper recommends adopting Pillar Two where possible and taking a cautious, strategic approach to Pillar One and unilateral measures, to ensure fair tax collection without undermining investment or creating excessive administrative burdens.Abstract ........................................................................................................................................ 4 I. INTRODUCTION ..................................................................................................................... 5 II. THE MULTILATERAL FRAMEWORK: STRATEGIC CONSIDERATIONS FOR JOINING THE "TWO-PILLAR" SOLUTION ........................................................................................................ 6 2.1 What is the multilateral framework?................................................................................... 6 2.2 Strategic considerations for participating in the multilateral framework ................................ 9 2.3 Implications for Asia-Pacific regarding the two-pillar solution ........................................... 14 III. ALTERNATIVE STRATEGIES TO THE MULTILATERAL FRAMEWORK (INCLUDING UNILATERAL/ INTERIM SOLUTIONS) ........................................................................................................... 16 3.1 Digital services taxes (DSTs) .......................................................................................... 16 3.2 Withholding taxes ......................................................................................................... 18 3.3 Other income tax solutions ............................................................................................. 19 3.4 VAT or GST solutions .................................................................................................... 19 3.5 Other indirect tax measures ........................................................................................... 20 3.6 Strategic considerations and issues in adopting unilateral solutions ................................... 20 IV. FORMING A NATIONAL STRATEGY.......................................................................................... 21 4.1 Steps and main considerations in formulating a national strategy ....................................... 21 4.2 Examining the position for different groups of Asia-Pacific developing countries ................ 24 V. SUMMARY AND CONCLUSION ................................................................................................ 2

    Evaluation of the project on building resilient agricultural practices by integrating geospatial information for agricultural monitoring in the Lower Mekong basin : an emphasis on rice condition

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    The evaluation aimed to ensure accountability while extracting lessons, challenges, and opportunities to inform ESCAP’s IDD, LMC agriculture ministries, partners, and academia for future space and geospatial interventions. It applied a three-pronged approach— summative, formative, and participatory—anchored in the project’s theory of change. Conducted in three phases, the methodology included desk reviews, an inception meeting with the Evaluation Reference Group, 20 key informant interviews (30% women), a survey analysis of capacity-building events, and a final synthesis. The report presents evidence-based findings, conclusions, and actionable recommendations to guide future geospatial and agricultural resilience initiatives.Table of contents Acknowledgments................................................................................................................................... 2 List of acronyms...................................................................................................................................... 3 Executive summary................................................................................................................................. 4 1. Introduction .................................................................................................................................... 6 2. Description of the Project............................................................................................................... 7 2.1 Background ............................................................................................................................... 7 2.2 Project theory of change........................................................................................................... 8 2.3 Project strategies ...................................................................................................................... 9 2.4 Innovative elements ................................................................................................................. 9 2.5 Beneficiaries, target countries, and key partners...................................................................10 2.6 Resources................................................................................................................................ 10 3. Evaluation Scope and Methodology .............................................................................................11 3.1 Evaluation scope ..................................................................................................................... 11 3.2 Evaluation approach ............................................................................................................... 12 3.3 Data collection and analysis.................................................................................................... 12 3.4 Stakeholder analysis ............................................................................................................... 14 3.5 Sampling.................................................................................................................................. 14 3.6 Risks and limitations ............................................................................................................... 14 4. Evaluation Findings....................................................................................................................... 15 4.1 Impact ..................................................................................................................................... 15 4.2 Effectiveness........................................................................................................................... 17 4.3 Relevance................................................................................................................................ 20 4.4 Efficiency................................................................................................................................. 22 4.5 Sustainability........................................................................................................................... 23 4.6 Cross-cutting issues................................................................................................................. 24 5. Conclusion..................................................................................................................................... 26 Table 3: Rating .............................................................................................................................. 27 6. Good Practices and Lessons Learned............................................................................................28 6.1 Good Practices........................................................................................................................ 28 6.2 Lessons learned....................................................................................................................... 28 7. Recommendations........................................................................................................................ 30 ANNEXES ............................................................................................................................................... 33 Annex 1: Project’s theory of change............................................................................................33 Annex 2: Interview guide............................................................................................................. 34 Annex 3: Evaluation matrix.......................................................................................................... 36 Annex 4: Terms of reference........................................................................................................ 40 Annex 5: List of documents reviewed .........................................................................................45 Annex 6: List of KIIs...................................................................................................................... 46 Annex 7: Stakeholder Analysis .................................................................................................... 47 Annex 8: Key partners of the project ..........................................................................................4

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