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Climate Change Mitigation and Green Growth in Developing Asia

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  • Stephen Howes

    (Asian Development Bank Institute (ADBI))

  • Paul Wyrwoll
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    Abstract

    Developing Asia is the driver of today’s emissions intensive global economy. As the principle source of future emissions, the region is critical to the task of global climate change mitigation. Reflecting this global reality and a range of related domestic issues, the governments of the People’s Republic of China, India, Indonesia, Thailand, and Viet Nam have embarked upon an ambitious policy agenda. This report reviews the present and future policy settings for climate change mitigation and green growth in Asia’s major emerging economies. Although recent targets and commitments will involve a fundamental change in emissions trajectories, the urgency and extent of necessary global action requires ambition to be raised even further in developing Asia. An additional transformation will be required for the trajectory of emissions and energy demand, as well as the future composition of the power generation mix. Achieving these transformations will not be easy. There are a substantial number of policy instruments available, yet significant obstacles stand in the way of their effective deployment. Governments face a number of policy challenges, including : energy sector reform, economic reform, strengthening institutional capacity, and securing international support. The principal conclusion of this analysis is that the task facing Asia’s policymakers is not simply one of setting targets and pursuing narrowly focused policies to reach them. Rather, a broad–scale approach involving all sections of the economy and government will be required to achieve the shift to a sustainable, low-emissions development trajectory.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Energy Working Papers with number 23308.

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    Date of creation: Jul 2012
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    Handle: RePEc:eab:energy:23308

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    Related research

    Keywords: Climate change; Green growth; mitigation; developing Asia; emerging economies; carbon emissions;

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