The Impact of Nationally Determined Contributions on the Energy Sector: Implications for ADB and Its Developing Member Countries
Implementation of the national determined contributions under the Paris Agreement will significantly reduce dependence on coal in the power mix by replacing it with renewables, nuclear, and gas.
In Asia and the Pacific, 38 developing member countries (DMCs) of the Asian Development Bank (ADB) have committed to take mitigation actions through nationally determined contributions (NDCs) under the Paris Agreement. The Agreement aims to cap the increase in global average temperature to below 2°C. Country signatories have made NDCs to reduce greenhouse gas emissions under the Agreement. This paper analyzes implications of the Agreement for the energy sector; assesses the impact of NDCs on the energy sectors of DMCs; and explains the challenges and opportunities in implementing NDCs. The paper examines technology solutions, financing needs, and policy frameworks to accelerate energy transition and reach the NDC targets; and how ADB could support implementation of these NDCs.
- Executive Summary
- Overview of Nationally Determined Contributions and Their Energy Components in ADB's Developing Member Countries
- Energy Challenges in Implementing the Nationally Determined Contributions
- Case Studies: Assessment of Nationally Determined Contributions in Selected Countries
- ADB Roles in Supporting Implementation of Nationally Determined Contributions in Developing Member Countries