SEADS 2023 Thematic Session
Opportunities for Transitions and Decarbonization Pathways in Southeast Asia
Organizers: Asian Development Bank and Climate Bonds Initiative
30 March • 16:00–17:30 GMT+8/ Bali Local Time
SPEAKERS
- Scene Setter: Tomohiro Ishikawa, Managing Director, Head of Government and Regulatory Affairs Office, Mitsubishi UFJ Financial Group
- Yuki Yasui, Managing Director, Asia–Pacific Network, Glasgow Financial Alliance for Net Zero
- Nazmeera Moola, Chief Sustainability Officer, Ninety One
- Lazeena Rahman, Senior Climate Finance Specialist, ADB
- Hiroshi Takashima, Advisor on Sustainability and Financial Regulation, Norinchukin Bank
- Edo Mahendra, Special Advisor to the Coordinating Minister of Maritime and Investment Affairs, Indonesia
- Moderator: Sean Kidney, CEO, Climate Bonds Initiative
BRIEF DESCRIPTION
This session aims to identify pathways to help Southeast Asia advance its net-zero ambitions.
BACKGROUND
The urgency of scaling and speeding up decarbonization pathways is well understood. Southeast Asia has witnessed tremendous economic growth and standards of living, but this has also increased dependence on fossil fuels, leading to increased emissions and climate change-induced vulnerabilities.
With rising population and growth, energy demand is predicted to double by 2035 and there is still an emissions gap of 3 gigatons to be closed by 2030. While majority of the countries in the region have set their net-zero targets, there is still a lot to be done to limit global warming to 1.5°C.
SESSION OBJECTIVES AND BENEFITS
This panel will look at the key drivers and opportunities in the region and what more is needed in terms of aspiration, sectoral interventions, and the enabling environment that will create investible opportunities and ramp up the flow of capital to the region. Orienting these to credible transition pathways in the appropriate sectors and technologies will be a priority.
