Virtual Policy Dialogue on Post COVID-19 Fiscal Instruments and Green Development

Event | 24 - 26 February 2021
Online

Time of event

Day 1: 11:00–16:10 Tokyo time
Day 2: 11:00–16:00 Tokyo time
Day 3: 11:00–15:20 Tokyo time

Summary

The 2030 Sustainable Development Goals and the Paris Agreement on climate change provide robust frameworks for advancing sustainable COVID-19 recovery in Asia and the Pacific. However, increasing fiscal challenges threaten to undermine their potential to promote green investment and growth.

This ADBI-Indonesia Ministry of Finance-University of Indonesia virtual policy dialogue examined COVID-19 era fiscal instruments and green development in Asia and the Pacific. The focus was on emerging sustainable finance opportunities, fiscal hurdles, and policy solution.

Objectives
  • Assess financing conditions for green development in Asia and the Pacific amid the COVID-19 pandemic and beyond
  • Spotlight sustainable investment challenges and opportunities for promoting COVID-19 recovery and the Sustainable Development Goals
  • Describe policy strategies for accelerating green development and the realization of National Determined Contributions under the Paris Agreement
Participants
  • Government officials from ADB member economies as well as policy researchers and experts for think tanks, international organizations, and other institutions
Output
  • Enhanced understanding of COVID-19 era green investment and development in Asia and the Pacific
  • Identification of policies for enhancing sustainable finance and pandemic recovery
  • Papers presented during the event will be considered for inclusion in an ADBI book
  • Webinar recording and presentation materials to be uploaded on the ADBI website
Partners
  • Fiscal Policy Agency, Indonesia Ministry of Finance
  • Institute for Economic and Social Research, University of Indonesia
Conference Presentations

Day 1: Keynote Address: Environmental Taxation in Asia: Grasping the Opportunities
Paul Whitfield Ekins, Professor of Resources and Environmental Policy, Institute for Sustainable Resources, University College London, United Kingdom

Slide

Day 1: Introduction of Book Publication: Fiscal Policy Instruments and Green Development
Jacqueline Cottrell, Environmental Fiscal Policy Consultant, Green Budget Germany

Slide

Session 1.1.1: The Role of Project Rating and Guarantee Provision in Addressing the Financing Gap of Green Projects through Green Bonds
Alin Halimatussadiah, University of Indonesia
Teuku Riefky, University of Indonesia

Slide

Session 2.1.2: Discussion on the Effects of Fiscal Policy on the Realization of NDC and SDG Targets of Indonesia: CGE Model
Brurce Mecca, Climate Policy Initiative

Slide

Session 2.2.1: Policy Instruments and Their Interactions Promoting Green Energy in India: A Critical Analysis
Gopal K Sarangi, Assistant Professor, Department of Policy Studies, TERI School of Advanced Studies, New Delhi, India

Slide

Session 2.2.2: Discussion on Policy Instruments and Their Interactions Promoting Green Energy in India: A Critical Analysis
Akihisa Mori, Associate professor Graduate School of Global Environmental Studies Kyoto University

Slide

Session 2.3.1: Country Presentation: People’s Republic of China
Meiting Song, Officer, Department of Climate Change, Ministry of Ecology and Environment, People’s Republic of China

Slide

Session 3.1.1: Ongoing Transition toward Low-Carbon Energy System in Republic of Korea: Achievements and Challenges
Cho Yongsung, Jihyo Kim, and Ahreum Kim, Korea Energy Economics Institute

Slide

Session 3.2.1: The Economic Impacts to Achieve PRC’s NDC with Carbon Emission Trading Scheme: A CGE Analysis
Jun Pang, School of Environment and Natural Resources, Renmin University of China
Nobuhiko Shimizu, Research Center for Advanced Policy Studies, Institute of Economic Research, Kyoto University
Yanmin HE, Faculty of Economics, Otemon Gakuin University

Slide

Day 2: Keynote Address: Measuring Sustainable Progress for SDGs
Shunsuke Managi, Distinguished Professor, Urban Institute, Kyushu University

Slide

Session 4.1.1: Financing Green Energy in a Post-COVID World: Building Back Cleaner, and more Resilient Energy Systems
Lana Zaman, Associate Sustainable Development Officer, United Nations Department for Social and Economic Affairs, Division for Sustainable Development Goals, New York

Slide

Session 4.2.1: A Public Private Partnership Grand Bargain for the Green Climate Fund (GCF)
David Alenga, Research Fellow, Norwegian University of Science and Technology (NTNU)

Slide

Session 4.3.1: Country Presentation: Cambodia
KY Sokkim, Macroeconomic and Fiscal Policy Department

Slide

Session 5.1.1: Carbon Tax Adoption: Pathway to Green Indonesia
Nisrina Qurratu’Ain, Indonesia Financial Services Authority

Slide

Session 5.1.2: Discussion on Carbon Tax Adoption: Pathway to Green Indonesia
Gopal K Sarangi, Assistant Professor, Department of Policy Studies, TERI School of Advanced Studies, New Delhi, India

Slide

Session 5.2.1: Luxury Tax on Motor Vehicles in Indonesia: Should It be Reformed?
Hadi Setiawan, Fiscal Policy Agency, Indonesia MOF
Suska, Fiscal Policy Agency, Indonesia MOF
Rita Helbra Tenrini, Fiscal Policy Agency, Indonesia MOF
Sofia Arie Damayanty, Fiscal Policy Agency, Indonesia MOF
Hidayat Amir, Fiscal Policy Agency, Indonesia MOF

Slide

Session 5.2.2: Discussion on Luxury Tax on Motor Vehicles in Indonesia: Should It be Reformed?
Jun Pang, School of Environment and Natural Resources, Renmin University of China
Nobuhiko Shimizu, Research Center for Advanced Policy Studies, Institute of Economic Research, Kyoto University
Yanmin HE, Faculty of Economics, Otemon Gakuin University

Slide

Session 5.3.1: Fiscal Policy Integration for Green Development in Bangladesh
Tapan Sarker, Associate Professor of Political Economy, Griffith Asia Institute, Griffith University
Kazi Arif Uz Zaman, Joint Director, Financial Stability Department Bangladesh Bank (The Central Bank of Bangladesh)

Slide

Session 5.4.1: Country Presentation: Indonesia
Boediastoeti Ontowirjo, the Director of State Finance and Monetary Analysis

Slide

Session 6.2.1: Policy Incentives on Mitigating CO2 Emissions from the Passenger Cars in Five Major Asian Economies: Analysis using FTT-Transport Model
Aileen Lam, Department of Economics, Faculty of Social Sciences, University of Macao
Jean-Francois Mercure, Cambridge Centre for Environment, Energy and Natural Resource Governance (C-EENRG), University of Cambridge, Cambridge; Department of Geography, College of Life and Environmental Sciences, University of Exeter, UK
Soocheol Lee, Faculty of Economics, Meijo University, Japan

Slide

Session 6.3.1: Country Presentation: Philippines
Euvimil Nina R. Asuncion, Director III, Revenue Operations Group, Department of Finance

Slide

Day 3: Keynote Address: Green Recovery Financing Mechanisms at the Subnational Level
Joven Z. Balbosa, Advisor, Office of the Director General (SEOD), Southeast Asia Department (SERD)
Naeeda Crishna Morgado, Infrastructure Specialist (Innovation and Green Finance)

Slide

Session 7.1.1: Fiscal Instrument for Boosting Sub-National Government Contribution to Reducing Impacts of Climate Change: Indonesia’s Action Plan on Reducing Marine Debris
Enda Ginting, Independent Public Financial Management Specialist, Indonesia

Slide

Session 7.1.2: Discussion on Fiscal Instrument for Boosting Sub-National Government Contribution to Reducing Impacts of Climate Change: Indonesia’s Action Plan on Reducing Marine Debris
Adrian Kusuma Pratama, Indonesia MOF
Carlos Mangunsong, University of Indonesia
Fandy Rahardi, University of Indonesia
Natanael Waraney Gerald Massie, University of Indonesia

Slide

Session 7.2.1: Determinants of Green Budgeting at Indonesia’s Local Governments: What Matters and Strategies for Improvement
Adrian Kusuma Pratama, Indonesia MOF
Carlos Mangunsong, University of Indonesia
Fandy Rahardi, University of Indonesia
Natanael Waraney Gerald Massie, University of Indonesia

Slide

Session 7.2.2: Discussion on Determinants of Green Budgeting at Indonesia’s Local Governments: What Matters and Strategies for Improvement
Hadi Setiawan, Suska, Fiscal Policy Agency, Indonesia MOF
Rita Helbra Tenrini, Fiscal Policy Agency, Indonesia MOF
Sofia Arie Damayanty, Fiscal Policy Agency, Indonesia MOF
Hidayat Amir, Fiscal Policy Agency, Indonesia MOF

Slide

Session 8.1.1: Determinants of Green Development Implementation in Local Governments of Indonesia and Its Impact to Local Fiscal Independence
Arifudin Miftakhul Huda, Ministry of Finance of Indonesia

Slide

Session 8.1.2: Discussion on Determinants of Green Development Implementation in Local Governments of Indonesia and Its Impact to Local Fiscal Independence
Cho Yongsung, Korea Energy Economics Institute
Jihyo Kim, Korea Energy Economics Institute
Ahreum Kim, Korea Energy Economics Institute

Slide

Session 8.2.1: Ecological fiscal transfer in Indonesia: key lessons learned from Berau Regency, East Kalimantan Province
Brurce Mecca, Climate Policy Initiative (CPI) Indonesia
Tiza Mafira, Climate Policy Initiative (CPI) Indonesia
Saeful Muluk, Climate Policy Initiative (CPI) Indonesia
Luthfyana Larasati, Climate Policy Initiative (CPI) Indonesia

Slide

Session 8.2.2: Discussion on Ecological fiscal transfer in Indonesia: key lessons learned from Berau Regency, East Kalimantan Province
Aileen Lam, Department of Economics, Faculty of Social Sciences, University of Macao
Jean-Francois Mercure, Cambridge Centre for Environment, Energy and Natural Resource Governance (C-EENRG), University of Cambridge, Cambridge; Department of Geography, College of Life and Environmental Sciences, University of Exeter, UK
Soocheol Lee, Faculty of Economics, Meijo University, Japan

Slide

Session 8.3.1: Sustainability and Equality Tendency Challenge: Regional evidence from Indonesia
Noor Syaifudin, Fiscal Policy Agency, Ministry of Finance of Republic of Indonesia

Slide

Session 8.3.2: Discussion on Sustainability and Equality Tendency Challenge: Regional evidence from Indonesia
Tapan Sarker, Associate Professor of Political Economy, Griffith Asia Institute, Griffith University
Kazi Arif Uz Zaman, Joint Director, Financial Stability Department Bangladesh Bank (The Central Bank of Bangladesh)

Slide