Public-Private Dialogue on Unlocking the Potentials of Private Finance for Low-Carbon Transition | Asian Development Bank

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

Public-Private Dialogue on Unlocking the Potentials of Private Finance for Low-Carbon Transition

Event | 21 - 22 February 2019 ADBI, Tokyo, Japan
Time of event

09:00–18:00

Background

Since the 2015 Paris Agreement, the international community has accelerated efforts to combat climate change with Nationally Determined Contributions to reduce CO2 emissions and promote environmental protection and sustainable development. The Paris Agreement calls for contributions from all countries. This includes developing countries, bolstered by enhanced international support for their mitigation work.

It is particularly important that developing countries in Asia play a more active role in efforts to meet emissions reduction targets. Collectively, Asia’s developing countries accounted for 40% of all CO2 emissions produced globally in 2015, according to the International Energy Agency. The extent to which developing Asia can achieve Nationally Determined Contributions will therefore significantly affect the impact t of the Paris Agreement as well as the Sustainable Development Goals.

To successfully meet these commitments it is essential to improve the mobilization of private finance in green technology and infrastructure projects in developing Asia.

At the same time, it is imperative that Asia’s developing countries act upon the Paris Agreement’s call to make finance flows consistent with a pathway towards low-carbon transition and climate-resilient development.

Although considerable progress has been made in transitioning to low-carbon green growth in developing Asia, the amount of private investment in fossil-fuel-intensive infrastructure in the region remains large. In addition, market uncertainty and the lack of a long-term regulatory framework continue to discourage private investors from investing in low-carbon infrastructure in Asia’s developing countries.

Against this backdrop, this policy dialogue will bring policymakers and private investors together to examine innovative policy frameworks and regulations with the potential to advance low-carbon transition. Jointly organized by ADBI and the Economic Research Institute for ASEAN and East Asia (ERIA), the event will provide a platform to exchange diverse perspectives and pinpoint ways to effectively mobilize private finance for green technology and investment.

Objectives
  • To provide inputs that boost policy deliberations following the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24), under the Group of 20 (G20), and in the Association of Southeast Asian Nations (ASEAN).
  • To encourage policymakers and institutes to embrace recommendations from the policy dialogue to help drive global low-carbon transition.
Participants
  • Senior government officials from ministries responsible for policy impacting private finance for low-carbon transition and sustainable development. Participating officials should come from one of 11 ADB Developing Member Countries: Cambodia, India, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, People's Republic of China, Philippines, Thailand, and Viet Nam + one senior government official from Japan
  • Researchers, experts, and authors from global think tanks, academia, and the private sector.
Output
  • Policy paper on advancing policy actions and a guidelines paper on mobilizing private finance for low carbon transition
  • Joint ADBI-ERIA book on unlocking the potential of private finance for low-carbon energy transitions
  • Presentation materials and other documents which will be uploaded on the ADBI website
How to register

By invitation only.

Partner

Economic Research Institute for ASEAN and East Asia (ERIA)