Primary energy demand and emissions are growing faster in Asia than in any other part of the world. Asia must find the means both to increase energy supplies and to reduce emissions. The Asia Green Growth Ministerial Partnership reflects a shared vision and commitment to action by Asian leaders to meet these challenges. How can vision and action coalesce to deliver energy security, sustainability and affordability through Asian partnerships? How can Asian policy leaders deliver more energy and less emissions to meet the economic aspirations of its people and to make its energy economy sustainable?
The Inflation Reduction Act (IRA) has turned out to be a big accelerator for capital deployment in the U.S. with its generous tax credits. However, the intention by the U.S. to lead the world on clean energy investment and supply chain has also spurred an intense debate about the spillover effects of the IRA on climate policies and investment outside the U.S. We will explore both positive and negative spillover effects of the IRA and explore opportunities and challenges for the rest of the world.
With mitigation solutions projected to fall short of addressing climate goals, does the world need to prepare to adapt to avoid adverse impacts of climate change?