ASEAN-UK Green Transition Fund

The ASEAN-UK Green Transition Fund (GTF) is the UK’s flagship programme to accelerate ASEAN’s transition to a clean and climate resilient economy by reducing emissions in key sectors, supporting green economic growth, and improving livelihoods of vulnerable people.

The ASEAN-UK GTF provides technical assistance activities throughout the region, targeting all eleven ASEAN Member States (AMS). It works with ASEAN institutions, such as the ASEAN Secretariat, ASEAN Centres and Facilities, and various ASEAN Entities and Sectoral Bodies.

The UK became a Dialogue Partner to ASEAN in 2021 and developed a 5-year ASEAN-UK Plan of Action (2022-2026). To deliver this, the UK has developed five flagship development programmes on economic integration; women, peace and security; advancing girls' education; and health security, in addition to this Green Transition Fund. The ASEAN-UK GTF is UK Mission to ASEAN's flagship programme on climate and environment.

The ASEAN-UK GTF is delivered through the UK Partnering for Accelerated Climate Transition (UK PACT) mechanism.

With 680 million people living in ASEAN countries facing climate-related risks, ASEAN is central to addressing the climate and environmental crises. ASEAN Heads of State continue to affirm their commitment to addressing climate change and achieving the UNFCCC goals. ASEAN-UK GTF is a key tool to support this commitment and enhance collaboration between the ASEAN Secretariat, ASEAN Member States, and the UK on climate actions. The ASEAN-UK GTF supports impactful projects through capacity-building, knowledge-sharing and peer to peer learning. It also pilots transformational technologies and facilitates evidence-based climate mitigation actions and policies, with climate adaptation as a co-benefit.

Scope of projects

The scope of ASEAN-UK GTF focuses on five pillars:

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Pillar II: Green Finance portfolio

This pillar aims to support the development of innovative financing mechanisms and attract investment, while improving the effectiveness, quality and transparency of climate finance, responding to the needs and priorities of ASEAN Member States (AMS). The Green Finance portfolio will accelerate the flow of investment and finance toward strategic regional climate mitigation interventions.

Interventions in green finance are anticipated to complement and leverage the work of other ASEAN-UK GTF pillars, notably energy transition, sustainable transportation and Nature-based Solutions. These interventions follow criteria informed by technical analysis from other pillars.

Learn more below to see how our Green Finance portfolio is catalysing green investments and accelerating ASEAN’s transition toward a low-carbon, climate-resilient future.

PRIME-SEA

PRIME-SEA: Promoting Regional Investment through Matchmaking and Engagement in Southeast Asia

Led by: EY Parthenon

Carbon PRISM

Carbon PRISM: Carbon Project Readiness and Integration for Strategic Mitigation

Led by: KPMG

AGIC

AGIC: ASEAN Green Investment Catalyst

Led by: United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

BRIDGE

BRIDGE: Building Resilient Investments for a Diverse Green Economy - connecting ASEAN funders to green solutions

Pillar III: Clean and Just Energy Transition portfolio

Pillar III of the ASEAN-UK Green Transition Fund portfolio encompasses themes that support a clean and just energy transition: developing resilient and flexible power systems that integrate renewables and reduce coal reliance; advancing regional energy transition and investment modelling; promoting a clean and competitive industrial base aligned with international standards; and effectively implementing the ASEAN Plan of Action for Energy Cooperation (APAEC) 2026-2030.

Building on existing ASEAN initiatives such as the ASEAN Power Grid, the ASEAN-UK GTF will support regional exchanges on flexibility, smart grids, energy storage and early diagnostics and pilots for industrial decarbonisation. The GTF provides technical assistance to support ASEAN in adopting the necessary knowledge and technologies for a clean and just transition.

Explore more below to learn how our Clean and Just Energy Transition portfolio is advancing equitable, sustainable energy transitions across the region.

Green Grids Rising

Lead implementing partner: Economic Consulting Associates (ECA)

Clean Industrial Manufacturing for Promoting ASEAN Competitiveness and Transformation (C-IMPACT)

Lead implementing partner: Climateworks Centre (Monash University)

ASEAN Energy Transition and Green Value Chains for Carbon Neutrality

Lead implementing partner: Sustainable Energy for All (hosted by UNOPS)

ASEAN-UK Programme on Energy Advancement for Resilience (PEARL)

Lead implementing partner: ASEAN Centre for Energy (ACE)

*Association of Southeast Asian Nations (ASEAN) consists of 11 member states, including Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Timor-Leste and Vietnam.

ASEAN-UK
Green Transition Fund