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At the forefront of growth and development in Asia and the Pacific

Green Finance: Energy Security and Sustainable Development

Event | 14 January 2018 Kuala Lumpur, Malaysia
Time of event



Majority of global greenhouse gas (GHG) emissions are energy-related carbon dioxide (CO2) emissions. The fight against climate change has become a defining feature in energy policy making, but the implications are daunting. Meeting the emission goals pledged by countries under the United Nations Framework Convention on Climate Change (UNFCCC) would still leave the world 13.7 billion tons of CO2—60% above the level needed to remain on track for just 2ºC warming by 2035.

We can lower emissions by taking the appropriate steps on both the supply and demand side. On the supply side, shifting to cleaner and greener resources, and raising the share of renewable energy resources in the energy basket, could effectively reduce emissions. On the demand side, reducing consumption, and using energy-efficient machines like electric vehicles (EVs) and hybrid cars can improve energy efficiency. Whether applying supply side solutions or demand side solution, green finance is a key issue.

To improve energy security, especially for the developing economies which are more vulnerable to energy price fluctuations, it is also important to diversify the energy basket by minimizing dependence on fossil fuels and increasing alternative green resources, i.e. renewable energy resources. However, renewable energy projects (i.e. solar power plants, wind power generators) and projects for raising energy efficiency require high investment costs. Banks are reluctant to lend to renewable energy projects because from their point of view, these projects are risky. This conference will highlight new and practical methods for financing green energy projects and explore solutions for maintaining energy security for sustainable development.


To highlight:

  • Financial barriers to development of renewable and green-energy projects
  • How to measure and manage credit risks of green-energy projects
  • The role of public–private partnerships in raising private sector investment in modern green-energy projects such as solar and wind
  • Policy instruments needed to secure private capital for modern green-energy projects
  • Policy instruments needed to secure insurance and pension funds for large-scale green-energy projects such as hydropower, large solar power, and wind farms
  • The governments’ role in fiscal policy (reform and carbon tax) in securing private investment in green-energy projects
  • How to finance and promote investments in the green-energy market to raise energy efficiency in housing, manufacturing, and transport, among others
  • Mapping the role of new financing sources such as hometown investment trust funds in financing and investing in green-energy projects

80 participants.

  • A book published by Springer and edited by:
    • Jeffery Sachs, Director, The Earth Institute at Columbia University, New York, US
    • Woo Wing Thye, Professor of Economics, University of California, Davis, California, US
    • Naoyuki Yoshino, Dean, Asian Development Bank Institute (ADBI), Tokyo, Japan
    • Farhad Taghizadeh-Hesary, faculty member, Keio University, Tokyo, Japan
  • ADBI Working Papers

ADB (Sustainable Development and Climate Change Department) in collaboration with Sunway University, Jeffery Sachs Center, energy think tanks, research institutes, and universities.