Speakers: Vijay Jagannathan, Sector Manager (Infrastructure), East Asia and Pacific (EAP) Region of the World Bank; Wang Xiaodong, Senior Energy Specialist, East Asia & Pacific (EAP) region of the World Bank
Venue: Seminar Room 3-5, Level 3, Manasseh Meyer, Lee Kuan Yew School of Public Policy, 469C Bukit Timah Road, Singapore 259772
Synopsis: According to a recent estimate by the US Energy Information administration, Asia accounts for 40 percent of the world’s CO2 emissions. And as major Asian economies are now growing at more than four times the pace of OECD country economies, Asia has become the primary region of global engagement in the pursuit of a low-carbon strategy.
Winds of Change – East Asia’s Sustainable Energy Future, the World Bank’s East Asia Energy Flagship Study, incorporates the lessons learned from the World Bank’s 17-year engagement in advocating policies and programs aimed at promoting cleaner energy investments in East Asia and Pacific countries.
This report, which will be disseminated in April 2010, demonstrates that a low-carbon growth path is possible for large Asian economies through policies focused on energy-efficiency improvements and innovations in renewable energy technologies. A low-carbon path is both technically and economically viable for the region, and if the right decisions are made, coal’s share in power generation could be halved to 37 percent by 2030.
The report concludes that about US$85 billion a year of additional financing will be required to achieve these ambitious goals. The authors of the study, Dr. Vijay Jagannathan and Dr. Xiadong Wang, will be launching the report and presenting their findings in Singapore on April 19, 2010.
Visit the LKYSPP website for details and registration.