Transforming High Global Warming Potential Sectors through Carbon Markets

Description

Enhancing climate action to meet Paris Agreement goals is an urgent global priority that requires strategic and sustained global cooperation. Mitigation of high Global Warming Potential (GWP) greenhouse gases (GHGs) can be a fast and cost-effective solution to meet the 1.5°C ambition.

Rapidly reducing emissions of the high GWP GHGs, such as methane, hydrofluorocarbons, nitrous oxide, and sulfur hexafluoride, can contribute significantly to put the global emissions to the trajectory that is compatible with the temperature goals of the Paris Agreement. Although there are technological solutions for curtailing emission of these high GWP GHGs, there are also challenges impeding their adoption and implementation at scale in Asia and the Pacific.

In this event, a panel of experts will discuss various challenges and opportunities to abate emission of high GWP GHG emission sectors. As carbon finance mobilized through international carbon markets can incentivize investments for systematically promoting low carbon technologies and solutions, the panel will also explore the role carbon markets can play in transforming high GWP GHGs emitting sectors and enhancing climate action.

Objectives

The objectives of this event are to:

• Shed light on the challenges and opportunities to abate emission of high GWP gases.
• Highlight the important role carbon markets can play in catalyzing investments for transforming high GWP GHG emitting sectors. Provide insights from ongoing initiatives and programs and share perspectives on what the future may hold to mitigate high GPW GHG.

Target participants

This event will target policy makers, industry professionals, and private entities involved in sectors associated with high GWP GHG emitting sectors.

Resource speakers

Opening remarks

• Bruno Carrasco, Director General and concurrently Chief Compliance Officer, ADB

Panelists

• Robert Stavins, A.J. Meyer Professor of Energy & Economic Development, John F. Kennedy School of Government, Harvard University
• Thomas Forth, German Ministry of Economic Affairs and Climate Action (BMWK)
• Maiko Uga, Program Manager for International Carbon Markets, Global Environmental Bureau, Ministry of the Environment, Japan
• Mike D. Lurie, Senior Advisor, Office of the Special Presidential Envoy on Climate, US State Department

Moderator

• V.K. Duggal, Principal Climate Change Specialist, ADB

Agenda

Session	Speakers
Opening remarks	Bruno Carrasco, Director General and concurrently Chief Compliance Officer, ADB
Panel Discussion	Robert Stavins, A.J. Meyer Professor of Energy & Economic Development, John F. Kennedy School of Government, Harvard University Thomas Forth, German Ministry of Economic Affairs and Climate Action (BMWK) Maiko Uga, Program manager for International Carbon markets, Global Environmental Bureau, Ministry of the Environment, Japan Mike D. Lurie, Senior Advisor, Office of the Special Presidential Envoy on Climate, US State Department
Question & Answer
Conclusion