Time of event

15:00–17:00 (Tokyo time)

Virtual Conference Summary

Low-carbon finance and investment are essential to the growth of green energy projects that reduce carbon emissions and their negative health impacts, build climate resilient infrastructure, and promote environmental sustainability, in accordance with the 2030 Sustainable Development Goals (SDGs). Yet, global investment in renewable energy and energy efficiency has declined in the last few years and could slow further while investment in fossil fuels remains dominant.

This ADBI virtual conference featured research that examines impediments to low-carbon finance such as the lack of unified criteria for investment that advances climate-related SDGs and limited understanding of the fundamentals of low-carbon finance. It also addressed common questions about low-carbon finance, including the difference between green and traditional bonds, the extent to which green bond issuance reduces emissions, and policies needed to encourage investment that promotes climate-related SDGs.

Objectives
  • Explore the role of low-carbon finance and investment in promoting climate-related SDGs
  • Assess challenges to low-carbon finance growth and policies for addressing them
Participants
  • Policy makers, think tank researchers, academics, and post-graduate students
Output
  • Enhanced understanding of low-carbon finance and its importance for promoting climate-related SDGs
  • Improved policy dialogue and research on related issues
  • Papers featured during the virtual conference will be considered for publication in a special issue of the journal Finance Research Letters on low-carbon finance and the SDGs
Conference Presentations

Paper 1: Do Banks Value Green Management in PRC? The Perspective of the Green Credit Policy
Yuming Zhang, Professor, Shandong University, PRC

Slide

Paper 2: How Does Investor Attention Influence the Green Bond Market?
Linh Pham, Assistant Professor, University of Central Oklahoma, US

Slide

Paper 3: Pricing of Green Labeling: A Comparison of Labeled and Unlabeled Green Bonds
Suk Hyun, Associate Professor, Yonsei University, Republic of Korea

Slide

Paper 4: Does Financial Inclusion Impact CO2 Emissions? Evidence from Asia
Thai-Ha Le, Director of Research, Fulbright University, Viet Nam

Slide

Paper 5: Can Financial Inclusion Be an Effective Mitigation Measure? Evidence from Panel Data Analysis of the Environmental Kuznets Curve
Yong Jun Baek, Research Associate, ADBI

Slide

Paper 6: The Role of Financial Deepening and Green Technology on Carbon Emissions: Evidence from Major OECD Economies
Sudharshan Reddy Paramati, Senior Lecturer, University of Dundee, UK

Slide

Paper 7: Low-carbon Financial Risk Factor Correlation in the Belt and Road PPP project
Huaping Sun, Associate Professor, Jiangsu University, PRC

Slide

Related Publications
Paper 1
Paper 2
Paper 4
Paper 5
Paper 6
Paper 7

Event Contact