Ideas for Developing Asia and the Pacific

Dina Azhgaliyeva, Senior Research Fellow

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Dina Azhgaliyeva

Dina Azhgaliyeva

Dina Azhgaliyeva joined ADBI in July 2019 and is a Senior Research Fellow.

She joined ADBI as a Research Fellow in July 2019. Previously she worked as a Research Fellow in the energy economics division of the Energy Studies Institute, National University of Singapore. She was a Research Fellow at the Henley Business School, University of Reading (United Kingdom), where she worked on a project entitled “Kazakh-British Centre for Competitiveness.” She also worked as a leading and chief specialist for the Tax Committee at the Ministry of Finance of Kazakhstan.

Her research focuses on energy policy, particularly renewable energy, energy efficiency, and energy storage. Dina has published articles on these topics in journals such as Energy Economics, Technological Forecasting and Social Change, Australasian Journal of Environmental Management, Journal of Environmental Management, Energy Policy, and Journal of Sustainable Finance & Investment. She is currently a guest editor for the Applied Energy special issue “Integration of Renewable Energy in Energy Systems, Perspectives on Investment, Technology, and Policy.”

She earned her PhD and MSc in economics from the University of Essex (United Kingdom). She also holds an internationally recognized teaching qualification from the Fellow of Higher Education Academy and a qualification in research career management from the Staff Educational and Development Association.

Le H., and D. Azhgaliyeva. Journal of Cleaner Production, 2023

Azhgaliyeva, D., and Z. Kapsalyamova. Climate Policy, 2023

Azhgaliyeva, D., and H. Le. Energy Proceedings, 2022

Azhgaliyeva, D., Z. Kapsalyamova, and R. Mishra. Energy Economics, 2022

Azhgaliyeva, D., J. Beirne, and R. Mishra. Climate Policy, 2022

C. Wen, H. Zhang, M. Tian, A. Salman, D. Cao, D. Azhgaliyeva, L. Marzell, and J. Williams. EnerarXiv, 2022

Y. Kalyuzhnova, D. Azhgaliyeva, and M. Belitski. 2022. Technological Forecasting and Social Change 176: 121472, 2022

D. Azhgaliyeva, and R. Mishra, Wiley Interdisciplinary Reviews: Energy and Environment e425, 2021

D. Azhgaliyeva, R. Mishra, K. Karymshakov, A. Kerimray, and Z. Kapsalyamova, Australasian Journal of Environmental Management, 2021

D. Azhgaliyeva, Asia Europe Journal, 2021

Z. Kapsalyamova, R. Mishra, A. Kerimray, K. Karymshakov, and D. Azhgaliyeva, Journal of Environmental Management 290, 2021

N. Yoshino, D. Azhgaliyeva, R. Mishra, Journal of Infrastructure, Policy and Development , 4(2): 306–315, 2021

D. Azhgaliyeva, Journal of Environmental Investing, 10(1): 77-79, 2020

D. Azhgaliyeva, Y. Liu and B. Liddle, Energy Policy (145), 2020

D. Azhgaliyeva, A. Kapoor and Y. Liu, Journal of Sustainable Finance & Investment 10(2):113-140, 2020

D. Azhgaliyeva and B. Liddle, Journal of Sustainable Finance & Investment 10(2):83-91, 2020

D. Azhgaliyeva, Energy Procedia 158:3647-3651, 2019

D. Azhgaliyeva, M. Belitski, Y. Kalyuzhnova & M. Romanov, International Journal of Technology Intelligence and Planning, 12(1): 24-48, 2018

M. Belitski, Y. Kalyuzhnova, D. Azhgaliyeva, International Journal of Strategic Business Alliances 6(1-2): 69-85, 2017

D. Azhgaliyeva, Public Finance Review, 46(4): 692-712, 2018

D. Azhgaliyeva, Journal of Eurasian Studies, 5:157-183, 2014

D. Azhgaliyeva and D. B. Rahut, in Climate Change Mitigation: Policies and Lessons for Asia, edited by D. Azhgaliyeva and D. Rahut, 2022. Tokyo: ADBI.

F. Jotzo and D. Azhgaliyeva, in Climate Change Mitigation: Policies and Lessons for Asia, edited by D. Azhgaliyeva and D. Rahut, 2022. Tokyo: ADBI.

D. Azhgaliyeva, R. Mishra, T. Long, P. Morgan, and W. Kodama, in Resilience and Economic Growth in Times of High Uncertainty, edited by S. S. Shah, I. Abdullaev, Q. Abbas, S. Akhmedov, and I. Abdulloev, 2022. CAREC Institute.

D. Azhgaliyeva, R. Mishra, and S. F. Rumble, in Creative Economy 2030: Imagining and Delivering a Robust, Creative, Inclusive, and Sustainable Recovery, T. Sonobe, N. J. A. Buchoud, T. G. Tiong, S. Baek, N. S. Hendriyetty, and E. P. Sioson (eds.), 2022.

D. Aseinov, B. Sulaimanova, K. Karymshakov, and D. Azhgaliyeva, in COVID-19 and Economic Recovery Potential in the CAREC Region, I. Abdullaev, Q. Abbas, D. Azhgaliyeva, G. Samad, and S. Akhmedov (eds.), 2022.

D. Azhgaliyeva, R. Mishra, L. Q. Trinh, and P. Morgan, in COVID-19 and Economic Recovery Potential in the CAREC Region, I. Abdullaev, Q. Abbas, D. Azhgaliyeva, G. Samad, and S. Akhmedov (eds.), 2022.

D. Azhgaliyeva, R. Mishra, and K. Karymshakov, in COVID-19 and Economic Recovery Potential in the CAREC Region, I. Abdullaev, Q. Abbas, D. Azhgaliyeva, G. Samad, and S. Akhmedov (eds.), 2022.

D. Azhgaliyeva, R. Mishra, N. Yoshino, and K. Karymshakov, in Unlocking Transport Connectivity in the Trans-Caspian Corridor, D. Azhgaliyeva and Y.Kalyuzhnova (eds.), 2021, 137–165

A. Kapoor, E.-Q. Teo, D. Azhgaliyeva, and Y. Liu, in Energy Efficiency Financing and Market-Based Instruments, Y. Liu, F. Taghizadeh-Hesary, and N. Yoshino (eds.), Springer, 263-286.

D. Azhgaliyeva, in Asia Bond Monitor June 2021. Manila: Asian Development Bank, 8-10.

Aydin U. & D. Azhgaliyeva, in Achieving Energy Security in Asia: Diversification, Integration and Policy Implications, Farhad Taghizadeh-Hesary , Naoyuki Yoshino, Young Ho Chang & Aladdin Rillo (eds.) World Scientific, p.257-290

Yang L., Zhong S. & D. Azhgaliyeva in Achieving Energy Security in Asia: Diversification, Integration and Policy Implications Farhad Taghizadeh-Hesary, Naoyuki Yoshino, Young Ho Chang & Aladdin Rillo (eds.), World Scientific, 291-318

D. Azhgaliyeva, Z. Kapsalyamova & L.Low in Hanbook on Green Finance: Energy Security and Sustainable development J. Sachs, W. W. Thye, N. Yoshino, F. Taghizadeh-Hesary (eds.), Springer Singapore, p.427-457

Green hydrogen could be a game-changing solution for both energy security and ambitious climate targets.

Global communities need to come together to act quickly to reduce greenhouse gas emissions and attain net-zero carbon emissions.

The COVID-19 outbreak has had wide-ranging impacts on the economies of Central Asia, with uncertainty and protective policy measures contributing to falling demand and supply.

The 2021 United Nations Climate Change Summit (COP26) in Glasgow agreed to accelerate the phase-down of unabated coal power and inefficient fossil fuel subsidies, which is expected to help reshape the future energy system.

Reductions in emissions of carbon dioxide and other greenhouse gases must be achieved in the coming decades to avoid catastrophic global temperature rises. Limiting global warming to within 1.5°C will require rapid, far-reaching, and unprecedented changes in all sectors.

Developing Asian countries, such as Indonesia, Kazakhstan, Thailand, and Viet Nam, have announced their net-zero carbon emission targets by mid-century at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, and financing climate change mitigation has been at the forefront of discussions for making ambitious climate action a reality.

Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade. Considerable financing gaps and other challenges must be addressed to meet its rapidly expanding infrastructure needs.

Effective infrastructure projects not only construct infrastructure, such as roads, railways, water supply, and electricity, but can boost economic growth in the surrounding region through “spillover effects.” The infrastructure benefits firms by lowering costs and improving connectivity and the ease of doing business, leading to greater sales and exports.

Infrastructure investment is indispensable for green and inclusive recovery from the COVID-19 pandemic. However, public funding has been limited due to the use of funds for the immediate needs of COVID-19 recovery, and private investors have also reshaped their investment profile to address the difficult circumstances.

The member countries of the Association of Southeast Asian Nations (ASEAN) have been experiencing a surge in energy demand due to their growing populations, expanding economies, and rising living standards.

Air pollution in the cold countries of Central Asia is particularly high during winter due to the consumption of solid fuels for space heating.

The mobilization of climate finance is critical for limiting global warming to within 1.5°C and preventing catastrophic climate change (IPCC 2018). Annual green investments totaling $1.5 trillion are needed (United Nations 2017).

Experts are increasingly acknowledging the vulnerability of the global solar photovoltaic (PV) value chain due to the concentration of manufacturing capacity in only a few countries, such as the People’s Republic of China (PRC) (Zhai 2020).

COVID-19, as both a supply shock and a demand shock, has the potential to severely disrupt global economic activities, including energy systems. According to IEA (2020), global energy demand is expected to decline in 2020 with widespread travel restrictions and economic lockdowns as COVID-19 spreads around the world.

The latest Intergovernmental Panel on Climate Change report, Global Warming of 1.5 ºC, notes the importance of mobilizing green finance for limiting global warming to 1.5 degrees Celsius and preventing catastrophic climate change.

The security of energy supply is crucial for rapid growth in Southeast Asia, but it is being increasingly challenged by the region’s fast-growing energy demand. This high demand can be explained by improvements in energy access as well as population and economic growth.

Energy security is a crucial issue in contemporary international relations but not a new one. It is usually defined as the reliable and sufficient supply or demand of energy at acceptable prices and is at the top of the agenda for both energy-importing and energy-exporting countries.

Investment in renewable energy of $9 trillion is required to meet global energy supply needs by 2040 (International Energy Agency 2016), but investments in fossil fuels still dominate those in renewable energy.

Data from: Assessing Energy Security in Caspian Region: The Geopolitical Implications to European Energy Strategy

D. Azhgaliyeva, ScholarBank @NUS Repository. Dataset, 2019. doi:10.25540/8B8T-EWDR

Codes for: Implications of Fiscal and Financial Policies on Unlocking Green Finance and Green Investment

D. Azhgaliyeva, ScholarBank @NUS Repository. Dataset, 2019. doi:10.25540/TV5A-89QY

Codes for: Policy Instruments for Renewable Energy: An Empirical Evaluation of Effectiveness

D. Azhgaliyeva, ScholarBank @NUS Repository. Dataset, 2019. doi:10.25540/PP3W-MJ3S

D. Azhgaliyeva, M. Belitski & Y. Kalyuzhnova, University of Reading. Dataset, 2017.

D. Azhgaliyeva, M. Belitski & Y. Kalyuzhnova, University of Reading. Dataset, 2017.

D. Azhgaliyeva, M. Belitski & Y. Kalyuzhnova, University of Reading. Dataset, 2017.

In this podcast, ADBI’s Dina Azhgaliyeva and John Beirne, and Ranjeeta Mishra from the Reserve Bank of India explain the effect of government renewable energy policies on private investment, drawing upon developments in Asia and the Pacific.

In this podcast, ADBI Dean Tetsushi Sonobe, Co-Chair of the T7 Task Force on Sustainable Economic Recovery, and ADBI’s John Beirne and Dina Azhgaliyeva discuss the role and future of the T7.

In this podcast, ADBI’s Dina Azhgaliyeva and Frank Wolak of Stanford University explain how developing Asia and the Pacific can achieve measurable progress toward carbon neutrality after COP26 by advancing the region’s clean energy transition while relying less on public subsidies.

In this podcast, ADBI’s Dina Azhgaliyeva, Yelena Kalyuzhnova of the University of Reading, and Richard Pomfret of the University of Adelaide describe how improved infrastructure development within the Trans-Caspian Corridor could drive post-COVID-19 trade and inclusive economic opportunities.

In this podcast, ADBI’s Dina Azhgaliyeva and Ranjeeta Mishra, and CAREC Institute’s Kamalbek Karymshakov explain the implications of this gap, and what policy makers can do about it moving forward.

In this podcast, ADBI research fellow Dina Azhgaliyeva and Waseda University professor Naoyuki Yoshino examine the unique challenges of Central Asian infrastructure development and ways to attract greater private financing in the region moving forward.

In this podcast, ADBI research fellow, Dina Azhgaliyeva, explains the rising importance of green bonds for the region, the outlook for green bond issuance, and how policymakers can promote the market’s post-pandemic growth.

Azhgaliyeva, D., and Z. Kapsalyamova. 2022. IAEE Energy Forum (Third Quarter 2022): 16–22.

Azhgaliyeva, D., A. Hollis, Thomas Pogge, D. Rahut, and Y. Yao. 2022. T7 Policy Brief, Task Force: Climate Change and Environment.

Hanumankar, H. R., D. Rahut, D. Azhgaliyeva, and Y. Yao. 2022. T7 Policy Brief, Task Force: Climate Change and Environment.

Rahut, D., D. Azhgaliyeva, and Y. Yao. 2022. T7 Policy Brief, Task Force: Climate Change and Environment.

Ayadi, R., D. Azhgaliyeva, T. Sonobe, and N. S. Hendriyetty. 2021. T20 Policy Brief, Task Force: Infrastructure Investment and Financing.